The web2 marketplaces we commonly use are centralized and have multiple stakeholders and very little transparency and data safety. Since online purchase has turned into a regular affair and most people have adapted to the same, it is high time to transition to a web3 ecosystem which is highly secure and aids the stakeholders (customers, vendors, and affiliates). The transition from web2 to web3 needs to be carried out in different phases as it involves multiple aspects of a marketplace to be transitioned from web2 to web3.

Konma has an existing web2 marketplace for Food, Art, and Lifestyle. We intend to transition the marketplace to web3 in various phases.

Phase I: Minting Bills as NFT

SCENARIO

• User adds products to the cart.
• The products in the cart are then billed as an NFT.
• The NFT will consist of the prices and products bought.
• The price of the NFT will be equal to the sum of all products purchased + txn fee.

Benefits of adding this Layer:

• Integrated record maintenance
• Supply chain tracking
• Track Warranties and Guarantees

Phase II: Vendor & Customer Smart contract

When a seller comes onboard Konma web3 marketplace, the seller will be given a mintable CNFT smart contract wherein the seller adds the products required by the buyer in a list and bills it as an NFT. The price of the NFT is the total amount of products

Phase III: Affiliate Smart Contract

The CNFT smart contract will have a royalty function enabled wherein X % of the amount will be distributed to another wallet which will be used to pay the affiliate incentives

• Total number of CNFTs minted
• Total number of sellers onboarded
• Total number of users

Adaptability:

Since the blockchain concept is new to many, adaption by sellers and customers will be slow-paced. Ease of usage and clear information can help surpass the challenge.

Road Map:

Week 1 & 2 – Acquire developers

Week 3 & 4 – Finalize Architecture design

Week 5 & 6 – Initialize Code development

Week 7 & 8 – Continue code Development & test

Week 9 & 10 – Continue code Development & test

Week 11 & 12 – Continue code Development & test

Week 13 & 14 – Preliminary audit of code

Week 15 & 16 – Test Net Beta test

Week 17 & 18 – Konma Marketplace Integration and web3 accessibility

Week 19 & 20 – Konma marketplace beta test & real world test

Week 21 & 22 – Final Audit and Q/A

Week 23 & 24 – Release

• Development & Testing - $ 30,000
• UI/UX (100 hours)
• Front-end (100 hours)
• Back-end (160 hours)
• Web3 integration (100 hours)
• Audit
• Consultations
• Infrastructure - $ 3000
• Marketing - $ 5000

<u>TOTAL - $ 38,000</u>

*Sangeet Muralidhar, CTO, Konma Labz

Commerce Graduate | Cyber security specialist | Blockchain Developer | Crypto native | Advisor and consultant for crypto projects | Technical Analyst | On-Chain Analyst

<https://www.linkedin.com/in/sangeet-muralidhar/>

*Vinay Devabhakthuni, Founder, Head of R&D, Konma

Mechanical Engineering Graduate with 9 years of Entrepreneurial experience in various fields like Aluminium allow manufacturing, controlled environment agriculture, blockchain management and community building.

<https://www.linkedin.com/in/vinay-devabhaktuni-b642bb90/>

*Advitha Ashok, Co-Founder, Head of Operations, Konma

Clinical Nutritionist turned entrepreneur, Blockchain Enthusiast, Content Creator, No-code tool developer

<https://www.linkedin.com/in/advitha-ashok-178394122/>

*Diya Naidu, Marketing, Konma Inc

<https://www.linkedin.com/in/diyanaidu25/>

Development / Deployment:

WEB3 integration of our current web2 e-commerce marketplace

Wallet integrations

Beta tests

Real-world tests

Auditing

Test Net beta test

• A fully functioning marketplace
• A wide spread userbase using ADA to transact on the platform and.
• Total number of CNFTs minted as bills

This is a new proposal