not approved

Open Source POAP in Cardano

₳360,860.00 Requested
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Community Review Results (11 reviewers)
Feasibility
Value for money
Impact / Alignment
Solution

We will leverage Stateful NFTs powered by Paima Engine as a NFT compression system. This will allow minting a single NFT per user that can evolve over time to encode all events the user attended.

Problem:

Commemorative NFTs for attending events are popular across web3. However, there is no way to cheaply hand out NFTs to event attendees in Cardano, due to the min ada value on the UTxO model.

Yes Votes:
₳ 178,362,867
No Votes:
₳ 145,184,776
Votes Cast:
298

[IMPACT] Please describe your proposed solution.

What is Proof of Attendance Protocol?

Proof of Attendance Protocol (POAP) is a protocol that uses blockchain technology to create badges or collectibles to mark the attendance at an event. It is proven to be of great adoption in the majority of the EVM compatible blockchains, with more than 6.5M POAPs already minted. Believe it or not, this is only 2M less than the ENTIRE NFT ecosystem in Cardano!

How does a POAP work?

When you attend an event or achieve a milestone for which there are POAP badges, you’ll receive one. It’s as simple as that. You can also use it to access a major event or an exclusive online group.

POAPs work a lot like other NFTs, as each of them is unique.

They were first created for official POAP smart contracts on the Ethereum blockchain. To lower transaction costs, POAPs have since migrated to the Gnosis chain (formerly xDai), a cheaper and faster Ethereum side chain.

Just about anyone can make a POAP to mark a special moment. But there are three conditions for a POAP NFT:

  1. It must be minted via the official POAP smart contract
  2. It must hold metadata related to a specific date or period for up to a year
  3. It must contain an image associated with the specific event

You can only mint one POAP for an event on a single wallet. That’s because each one represents attendance — and you can’t attend the same unique event twice. There aren’t any set rules that dictate which events can have POAP badges, or how big an event needs to be to have one. Some major events can even have multiple POAPs. As long as you can create them and get them approved, you can have POAP NFTs for your virtual or in-person events. You can then invite people to mint them and win gifts.

What problem do we solve and why this is important to Cardano?

As the name suggest, a POAP is a non-fungible token (NFT) that proves you’ve attended an event, either virtual or in-person. The events can be a ceremony, private function, game, concert or something similar. You can consider these as digital badges or stickers for your wallet, as a reward for your attendance in these events. POAPs can also be proof of your achievements, such as your engagement in an online or offline community.

Right now in Cardano, if you wanted to reward all attendees of an in-person event or a Twitter space, you would need to give a new NFT for every single participant. Due to the min ada value protocol parameter in Cardano, you need to give at least 1 ADA to each user along with their NFT. You can partially get around this issue if the user cooperates by having them give back the 1 ADA after they've received the NFT (which you can do by having the user to claim the NFT using a DApp), but this has a few downsides:

  1. You need to create a DApp for this which increases complexity of rewarding users with an NFT
  2. The user now needs to be involved in the process, which limits usability (you can't just collect a list of user addresses and then drop the NFTs after the fact)
  3. If you mint 10,000 NFTs this is still more expensive than just updating existing NFTs

As you may see, one of the main blockers for more widespread adoption of commemorative NFTs is the business cost of repeat customers.

If you think of commemorative NFTs as a marketing cost, then you want to spend the least amount of money on hardcore fans and maximize the amount spent towards new user acquisition. If you host a Twitter space weekly and you have to spend 1 ADA every week for a hardcore user that joins every time, this drains your marketing budget that otherwise would be better spent on new user conversion. To make commemorative NFTs as a marketing strategy scale, you need the cost of recurring users to be relatively small compared to new user acquisition.

Additionally, it is not possible to make soulbound NFTs directly on the Cardano L1, despite most POAPs being purposefully distributed as soulbound tokens to avoid them being traded on the open market

Another problem we want to address here is the gap that exists between the physical and the crypto worlds, by linking your off-chain (or real-life) physical attendance to your on-chain presence. In a way, POAPs add a touch of humanity to the crypto world — and create a reliable record of your activities in both worlds. We want to show that you are not only a Cardano address!

This problem is important for Cardano adoption as we are seeing that the majority of the protocols adoption POAP are EVM blockchain based. This has to change by showing the world that there are other options for minting POAPs outside the Ethereum ecosystem.

How will we tackle this?

Paima Engine is a framework for creating onchain gamification. It achieves this using a system called Stateful NFTs where user NFTs can evolve over time based on user interactions. This is perfect to solve the problem as it means that new users get a single NFT (a single upfront cost), and recurring users have a lower cost (simply adding new data to their existing NFT).

More concretely, users would receive a single Stateful Proof of Attendance NFT (SPOAP NFT) that starts out blank, and every time they participate in an event, they would get a new commemorative NFT embedded inside their SPoA. If they've ever received a single SPoA in their entire lifetime, event organizers will not have to mint them a new one which means the more users participate in the protocol, the cheaper it will get to distribute NFTs.

Additionally, to enable building soulbound NFTs, these NFTs will be minted on Milkomeda (Cardano sidechain). This has the added benefit that transaction fees are also significantly cheaper than the Cardano L1, allowing for much larger and more regular drops and also bypasses the min UTxO issue. Thanks to the Milkomeda's work on wrapped smart contracts, it's still possible for Cardano users to fully control their SPoA directly from any Cardano wallet (Nami/Eternl/Flint/etc) and will not require any new wallets to be installed for neither event organizers nor regular participants

Who will benefit from our solution and what is unique about it?

AdaSouls is an open platform that any Cardano user or project can use. Whether it is a DAO, a NFT project or a DeFi protocol, anyone is welcome to mint POAPs for their users, so they can start measuring on-chain user base attendance.

In addition to this, we believe that your attendance should not be transferable. This is why, unlike the POAPs offered in Ethereum, we will give our users the option of issuing Soulbound SPOAPs. These are POAPs that are not transferable and are linked to your wallet only. This will unlock a great number of new use cases such as digital IDs and memberships, loyalty programs, marketing campaigns, proof of professional skills, credit history and reputation indicator.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The Products & Integrations Challenge focuses on two main points**:**

  • Creation or improvement of different products that provide value to the Cardano community and wider ecosystem: thanks to Wrapped Smart Contracts Milkomeda's feature, we will offer interoperability with Cardano. This will allow us to issue POAPs with very low transaction fees, generating a complete new tool for the wider ecosystem.

  • Integrations with other existing services, products and protocols that improve the end user experience. This could mean giving the user more options or making something easier to use that benefits the wider ecosystem: as mentioned before, we will be improving the end user experience by integrating POAP with existing Cardano projects and protocols. This will be achieved by the use of our developer SDK.

What impact will this project have for Cardano?

We have seen very important brands exploring POAPs in the Ethereum ecosystem, such as Adidas, Warner Music and Gary Vaynerchuk. We strongly believe that we can leverage Cardano's game by providing companies, communities, entrepreneurs, developers and end users with tools that have already been proven to be successful in the blockchain space, but are not yet offered in the Cardano space.

POAP has minted 6.5M NFTs alone: that's more than 75% of the WHOLE NFT ECOSYSTEM in Cardano! If that's not huge for Cardano, we don't know what it is!

[IMPACT] How do you intend to measure the success of your project?

We will measure the following on-chain interactions:

  • Number of different events issuing POAPs.
  • Number of SPOAPs minted using our smart contracts.
  • Number of unique wallets interacting with our protocol (daily, weekly, monthly)
  • Number of transactions performed from our platform (daily, weekly, monthly)
  • Number of businesses/organisations using our solution.

In addition to this, we will use online polls and forms to get feedback from our users, both from our website and social media platforms such as Discord and Twitter.

We believe that, in the short term, the introduction of SPOAPs to the Cardano ecosystem will bring new ideas and use cases, as our community has always been one of the most creative in the blockchain space.

On the long term, we expect to see companies, communities and projects outside of the Cardano space reaching out to us so they can start using this new tool.

[IMPACT] Please describe your plans to share the outputs and results of your project?

The initial timeframe for our project is 6 months. This is the time we need to build and deploy the Paima DApp backend that powers the SPOAPs, the Indexer to easily track the state of all SPOAPs, create the website and the frontend for our platform, wire it up for interaction with the blockchain, build the SDK for other projects to integrate with us, write the documentation and launch in Milkomeda's mainnet with community awareness and support.

We have designed our roadmap so we can provide the community with an output after each month of work. This way, we can get feedback from our users as soon as possible and improve the product as we go along with the development.

We will share all our updates with the Cardano community, so everyone is up to date with what we are doing. We will use our already existing network to promote our project. This includes important projects in Cardano such as:

  • Project Catalyst
  • Milkomeda
  • Flint Wallet
  • TangoCrypto
  • Game Changer Wallet
  • RATS DAO
  • ALDEA DAO
  • Clarity DAO
  • Cardano Timelines
  • LATAM Cardano

In addition to this and as 100% of the project deliverables and outputs will be open source, all our research and development activities will be available in GitHub for any community member to consult and use.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

dcSpark and Paima Studios are well renowned companies in the Cardano ecosystem that have a long history of delivering on Catalyst proposals. You can find progress on grants we have previously received at <https://dcspark.io/grants>

In addition to this, our Project Lead has demonstrated in the past that can be trusted and that is capable of managing funds properly, as we have successfully delivered 3 proposals from Fund5 and Fund7:

  • Fund5 / Project ID 500003: ALDEA Catalyst
  • Fund5 / Project ID 500004: ALDEA WIKI
  • Fund7 / Project ID 700019: ALDEA NFT - Community Marketplace

We count with Full Stack Engineers (well versed in Javascript and TypeScript) and Senior Solidity Developers (with 5 years experience with EVM blockchains). These skills make our team best suited to deliver this project.

For more information, please check personal websites and portfolio in the "Project Team" section.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Building POAP in Cardano has 4 major objectives:

<u>Create a User-Friendly Platform</u>

The goal is to develop a user-friendly platform where users can easily mint, distribute and manage POAPs. The platform should have a simple and intuitive interface, making it accessible to a wide range of users, mainly non-developers.

We will conduct user testing and feedback surveys to evaluate the ease of use and user satisfaction with the platform. Analyzing user engagement metrics, such as the time taken to perform key tasks or the number of support requests received, can provide insights into the platform's usability.

<u>Foster Cardano Community Engagement</u>

We focus in creating a vibrant and active community around POAPs, where users can showcase their token collections, participate in challenges or contests and engage in discussions with other token holders in Discord and Twitter.

Monitoring user activity within the community, such as the number of POAPs minted, participation in challenges, or contributions to discussions and pull requests, can gauge the level of community engagement. Gathering feedback from users on their experience with community features can also provide insights into the effectiveness of fostering engagement.

<u>Ensure Scalability and Security</u>

The goal is to build a robust and scalable infrastructure that can handle a growing user base and ensure the security of the POAPs and the user data. This includes implementing appropriate security measures, conducting regular audits, and optimizing the platform's performance.

While the current budget will not allow us to perform a security audit by a third-party expert in the first place, we will have this in mind for our next iteration, as this can help identify vulnerabilities and ensure the platform's security. Monitoring system performance metrics, such as response times and uptime, can indicate the platform's scalability. Conducting periodic user satisfaction surveys on security and performance can also provide valuable insights.

<u>Enhance Event Organizers' Experience</u>

The aim is to provide event organizers with an efficient and streamlined process for creating and managing POAPs for their events. This includes features such as event registration, token customization, attendee verification and analytics.

Feedback from event organizers can be gathered through surveys or interviews to assess their satisfaction with the platform's features and functionality. Tracking the number of events hosted, POAPs generated, and overall organizer engagement can also indicate the platform's success in enhancing their experience.

<u>Implementation Plan</u>

To implement the goals mentioned above, the project will follow an iterative and agile development approach. This involves breaking down the development process into smaller sprints (of 2 weeks each - 10 working days), each focused on specific features or enhancements. Regular feedback from users, event organizers, and the community can guide the iterative development process and ensure that the project aligns with their needs and expectations. Continuous testing, quality assurance, and bug fixing will be integral parts of the development process to ensure a stable and reliable platform.

Overall, the success of the project will be measured by the achievement of the project goals, user satisfaction, increased adoption of POAP tokens, and the growth of an active and engaged community around the platform.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

<u>Milestone 1: Open Source Paima DApp Backend</u>

  • Develop and test smart contracts for POAP creation, transfer and verification on the Milkomeda blockchain using Paima Engine.
  • Implement necessary security measures and conduct thorough testing (automated testing using Mocha/Chai libraries).
  • Deploy the smart contracts to the Milkomeda mainnet.

Timeline: 2 months (4 sprints)

Success/Acceptance Criteria: Smart contracts are successfully deployed on the Milkomeda mainnet and pass comprehensive testing. Interoperability with Cardano is working as expected and users can interact no matter what chain they are connected to.

Milestone Cost: USD 48,000

<u>Milestone 2: Website Development and Indexer Integration</u>

  • Design and develop a user-friendly website for the AdaSouls platform.
  • Integrate the front end with the Indexer to easily track the state of each SPOAP.

Timeline: 1.5 months (3 sprints)

Success/Acceptance Criteria: AdaSouls website is visually appealing, intuitive and seamlessly shows the state of each SPOAP a user holds. Key features are fully functional and thoroughly tested.

Milestone Cost: USD 26,000

<u>Milestone 3: Portal Development and Documentation</u>

  • Develop a web portal for the AdaSouls platform, providing a comprehensive and user-friendly interface for event organizers, attendees, and administrators.
  • Design and implement the necessary features, including event creation and management, attendee registration, and event analytics.
  • Integrate the portal with the Milkomeda and Cardano blockchains to enable seamless interaction with the smart contracts and access to event-related data.
  • Ensure the portal is visually appealing, responsive, and accessible across different devices and browsers.
  • Create thorough documentation outlining the functionality, usage guidelines, and technical details of the portal for both end-users and developers.

Timeline: 1.5 months (3 sprints)

Success/Acceptance Criteria: The AdaSouls web portal is successfully developed and deployed. It provides a user-friendly interface for event management and user NFT claim. The portal integrates seamlessly with the Milkomeda/Cardano blockchains, enabling users to interact with the smart contracts and access event-related data. The documentation is comprehensive, well-structured, and easily understandable for both end-users and developers.

Milestone Cost: USD 26,000

<u>Milestone 4: E2E Testing Using Real Event</u>

  • Conduct end-to-end (E2E) testing of the AdaSouls platform by simulating and executing real events with actual users.
  • Organize a test event and invite a diverse group of participants to register, receive SPOAP tokens, and interact with the platform's features.
  • Monitor and evaluate the performance, usability, and reliability of the platform during the test event.
  • Identify and address any issues or bugs encountered during the testing process to ensure a seamless user experience.
  • Perform comprehensive testing of the platform's security measures, including verification and transfer of SPOAP tokens.

Timeline: 1 month (2 sprints)

Success/Acceptance Criteria: The AdaSouls platform successfully undergoes end-to-end testing using a real event. The platform demonstrates stable performance, reliable functionality, and smooth user experience throughout the test event. Any issues or bugs discovered during testing are addressed promptly and effectively. The security measures, particularly SPOAP token verification and transfer, are thoroughly tested and proven to be secure and robust.

Milestone Cost: USD 4,000

Project Management Approach:

To ensure efficient project implementation, an agile project management approach will be adopted. The project will be divided into sprints, each focusing on specific deliverables aligned with the milestones. The team will conduct regular meetings to review progress, address any challenges, and prioritize tasks. We will use Linear as our project management tool to track tasks, assign responsibilities, and monitor progress. Regular communication and collaboration among team members will be essential for successful implementation.

Additionally, regular feedback from users, event organizers, and the community will be gathered and incorporated into the development process. This iterative approach allows for flexibility, adaptation, and continuous improvement throughout the project.

A more detailed budget is provided in the "Detailed Budget Breakdown" section.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

<u>Milestone 1: Open Source Paima DApp Backend</u>

Deliverables:

  • Open source code on GitHub
  • Smart contracts source code for POAP creation, transfer (if applicable for the POAP type) and verification on the Milkomeda/Cardano blockchains.
  • Automated tests written in Mocha/Chai for the smart contracts.
  • Deployed the smart contracts to the Milkomeda mainnet.

Intended Outcomes:

  • Smart contracts deployed on the Milkomeda mainnet and functioning as expected.
  • Interoperability with Cardano established through Wrapped Smart Contract feature.
  • Users can interact with the smart contracts on both Milkomeda and Cardano blockchains.

Measurement and Tracking:

  • Successful deployment of smart contracts on the Milkomeda mainnet.
  • Verification of interoperability with Cardano.
  • Testing completion and confirmation of functionality.

<u>Milestone 2: Website Development and Indexer Integration</u>

Deliverables:

  • Open source website on GitHub
  • User-friendly front-end interface for the AdaSouls platform.
  • Integration of the front end with the Milkomeda and Cardano blockchains.
  • Implemented features such as event registration, token minting, customization, and user account management.
  • Updated smart contract features based on user interaction with the front end.

Intended Outcomes:

  • Visually appealing and intuitive front-end interface.
  • Seamless integration of the front end with Milkomeda and Cardano blockchains.
  • Fully functional features for event registration, token minting, customization, and user account management.

Measurement and Tracking:

  • Completion and functionality testing of the front-end interface.
  • Successful integration of the front end with Milkomeda and Cardano blockchains.
  • User acceptance and satisfaction with the implemented features.

<u>Milestone 3: Portal Development and Documentation</u>

Deliverables:

  • Open source code on GitHub (features added to Website from Milestone 2)
  • Detailed test plan for end-to-end testing using a real event.
  • Comprehensive report documenting findings, including issues and their resolutions.
  • Updated platform with resolved issues and enhanced functionality based on testing insights.

Intended Outcomes:

  • Validate platform performance, usability, and reliability in a real event setting.
  • Identify and resolve any issues or bugs affecting user experience and functionality.
  • Confirm secure and robust SPOAP token verification and transfer measures.

Measurement and Tracking:

  • Monitor platform performance metrics such as response times, error rates, and user feedback.
  • Track identified issues, their resolutions, and evaluate user experience through feedback and surveys.
  • Monitor successful issuance, transfer, and verification of SPOAP tokens to ensure security measures function properly.

<u>Milestone 4: E2E Testing Using Real Event</u>

Deliverables:

  • A real SPOAP distributed to users by a real project
  • Test plan outlining scenarios and test cases for end-to-end testing with a real event.
  • Test event organized with diverse participants, including registration and interaction with platform features.
  • Comprehensive report documenting findings, including identified issues and their resolutions.
  • Updated platform with resolved issues and improved functionality based on testing insights.

Intended Outcomes:

  • Validate platform performance, usability, and reliability in a real event environment.
  • Identify and address any issues or bugs encountered during testing for a seamless user experience.
  • Thoroughly test SPOAP token verification and transfer measures to ensure security and functionality.

Measurement and Tracking:

  • Monitor platform performance metrics, such as response times, error rates, and user feedback during the test event.
  • Track identified issues, their resolutions, and evaluate user experience through participant feedback and surveys.
  • Verify successful issuance, transfer, and verification of SPOAP tokens to ensure the effectiveness of security measures.

The intended outcomes and deliverables of each milestone will be used to track the project's progress and measure its success. Completion and functionality testing of deliverables, user adoption metrics, user feedback, and engagement levels will be used as indicators of progress and success.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

<u>Milestone 1: Open Source Paima DApp Backend</u>

  • Backend development using Paima Engine: USD 10,000
  • Smart contract development: USD 20,000
  • Smart contract testing: USD 10,000
  • Project Management: USD 8,000

Milestone Total: USD 48,000

<u>Milestone 2: Website Development and Indexer Integration</u>

  • Front-end design and development: USD 5,000
  • Indexer development: USD 5,000
  • Integration with Milkomeda and Cardano blockchains (using Indexer): USD 5,000
  • Event registration and token minting features: USD 2,500
  • Customization and user account management: USD 2,500
  • Project Management: USD 6,000

Milestone Total: USD 26,000

<u>Milestone 3: Portal Development and Documentation</u>

  • Portal development: USD 15,000
  • Documentation and guides creation: USD 2,500
  • Examples and code snippets with repos: USD 2,500
  • Project Management: USD 6,000

Milestone Total: USD 26,000

<u>Milestone 4: E2E Testing Using Real Event</u>

  • Reaching out to projects to let them know about our platform
  • Comprehensive testing
  • Bug fixing
  • Performance optimization
  • Project Management: USD 4,000

Milestone Total: USD 4,000

<u>Total Project Budget</u>: USD 104,000 (considering ADA price = USD 0.2882) / <u>360,860 ADA</u>

The budget breakdown includes costs for each milestone, such as development, testing, deployment, and marketing activities. It also covers essential elements like project management, documentation, and community engagement. The proposed funding request of $104,000 will cover all the necessary expenses for the successful implementation of the project. It is the responsibility of the project team to manage the allocated funds effectively and efficiently.

[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?

The project team for the proposed work on building the AdaSouls platform in Cardano consists of Matias Falcone, dcSpark and Paima Studios:

<u>Matias Falcone</u>

  • Role: Project Lead & Project Author
  • Experience: Matias Falcone has a strong background in software development and has been actively involved in the Cardano community. He has experience working on blockchain projects and has founded his own Cardano Stake Pool (FALCO), which he also operates. Matias is also skilled in front-end and back-end development, as well as smart contract development.
  • Links:
  • LinkedIn
  • Portfolio
  • GitHub
  • Cardano Stake Pool GitHub

<u>dcSpark</u>

<u>Paima Studios</u>

  • Role: Engine Provider
  • Description: Paima Engine allows developers to reuse Web2 programming skill sets to build the next generation of Web3 games and apps, powered by the latest innovations in Blockchain Layer-2 technology.
  • Links:
  • Website
  • GitHub

Note: if additional team members are recruited, specific skills such as front-end development, blockchain integration, documentation, and community management will be sought.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

NFTs have been one of the largest drivers of volume in the Cardano ecosystem, and this could be elevated even more by unlocking proof-of-attendance use-cases. By being able to easily and cheaply create commemorative NFTs, it will be able to increase user retention in the Cardano ecosystem. Additionally, this system will be more efficient than many alternatives in the market which could bring web2 companies looking to do commemorative NFT drops to the Cardano ecosystem.

The cost of the project represents value for money for the Cardano ecosystem through a combination of factors that justify the proposed budget:

  • Expertise and Experience: The project team possesses the necessary expertise and experience in blockchain development, Cardano ecosystem, and smart contract deployment

  • Deliverables and Milestones: The proposed milestones and deliverables are aligned with the project objectives and are essential for the successful development and deployment of the AdaSouls platform on Cardan

  • Reasonable Budget Allocation: The budget breakdown takes into account the required resources, including development time, project management, documentation, and community engagement

  • Value Creation for Cardano Ecosystem: The AdaSouls platform, once developed and launched, will contribute to the Cardano ecosystem by providing a user-friendly interface for event registration, token minting, and community engagement, where anyone can mint tokens with no technical knowledge required

The proposed costs are based on industry standards in Melbourne, Australia (where our team is based). You can find the average salary of a Project Manager in Melbourne, Australia here, which is AUD 120,000 a year, or USD 6,600 a month more or less. Even taking all this into consideration, we have decided to apply a monthly salary of USD 4,000 (USD 2,600 deduction per month) to our budget calculation, so this can represent more value for money for the Cardano community.

Community Reviews (11)

Feasibility

4.28 / 5
11 Reviews

Is this project feasible based on the proposal submitted? Does the plan and associated budget and milestones look achievable? Does the team have the skills, experience, capability and capacity to complete the project successfully?

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The AdaSouls team includes Matias Falcone, dcSpark, and Paima Studios. They all have a lot of experience with Cardano and have done good work before.They have a clear plan with four main goals, each with specific jobs. They've also thought about how they'll check if their ideas will work and if their project is successful.The team has shared a detailed plan for how they'll use the money for each goal. This helps show that their project could work.

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I do think given the plan associated with the budget and the skills, experience capability, and capacity of this team I do think success is archivable in that. First I think this project is part of dcSpark and Paima Studios which are well-renowned companies in the Cardano ecosystem that have a long history of delivering on Catalyst proposals. You can find progress on grants we have previously received at https://dcspark.io/grants. More so on the aspect of milestones and the budget, this project will follow an iterative and agile development approach. This involves breaking down the development process into smaller sprints (of 2 weeks each - 10 working days), each focused on specific features or enhancements. Regular feedback from users, event organizers, and the community can guide the iterative development process and ensure that the project aligns with their needs and expectations. Continuous testing, quality assurance, and bug fixing will be integral parts of the development process to ensure a stable and reliable platform. As per the budget, I do think the breakdown is clear, and even though it looks a bit too much but am sure it will be worth it for the community

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Based on the information provided, it seems like the project team has a good understanding of the project goals and are taking a methodical approach with agile sprints to achieve them. They have demonstrated their capability to deliver on previous proposals and have a strong team of developers with relevant skills. However, it would be helpful to see more detailed information on their capabilities, such as how they plan to ensure security and scalability, and how they plan to engage with the Cardano community. Based on the scope of the project, it seems like the proposed budget of $6,001 to $25,000 is realistic, and they seem to have a clear plan for spending the funds on development, testing, and outreach. Based on the information provided, the project seeks to develop an open-source POAP creation, transfer, and verification Dapp on the Milkomeda blockchain, integrate it with a user-friendly front-end interface on the Cardano blockchain, and conduct end-to-end testing using a real event with actual users. The project is being approached with an agile project management approach, and it is divided into sprints with quarterly milestones aligned with the deliverables and outcomes. The project will be tracked using specific metrics, and user feedback and engagement levels will be used to measure success. Overall, the capabilities and feasibility of the project seem positive and realistic, and the provided breakdown of the project's milestones and tasks is well-organized and detailed. I would rate the capability/feasibility of this proposal as 4 out of 5.

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dcSpark, Paima Studios, Matias Falcone, and Sebastien Guillemot are well-known in the Cardano ecosystem. They completed many other projects from Catalyst and have a special page on the official website which has detailed information and reports on the funds used. The milestones and the budget for this proposal are detailed and the Implementation Plan is clear.

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The project team consists of experienced and well-known entities in the Cardano ecosystem, including Matias Falcone, dcSpark, and Paima Studios. They have a proven track record of delivering successful projects in previous Fund rounds. The proposed milestones and implementation plan are well-structured, with a clear focus on building a user-friendly platform, fostering community engagement, and ensuring scalability and security. The budget breakdown is reasonable and accounts for essential resources, including development, testing, and documentation.

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The afesibility of the project is promising based on the proposal submitted. The team, comprised of dcSpark and Paima Studios, has a strong track record of successfully delivering on previous Catalyst proposals, which instills trust and accountability. They boast Full Stack Engineers and Senior Solidity Developers, which aligns with the project's requirements. The proposed milestones and associated budget seem achievable, with a well-structured plan for developing the Paima DApp backend, creating a user-friendly website, developing a web portal, and conducting end-to-end testing using real events. The team intends to use an iterative and agile development approach, gathering regular feedback to ensure alignment with user needs.

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The idea is capable and feasible. The team have already established companies in the Cardano Ecosystem and having successfully executed a number of catalyst proposals, they can be trusted with the credibility and integrity to implement the idea of creating a user friendly platform for POAPs successfully. The project milestones are tact with tangible deliverables, outputs and overall outcomes making the project feasible.

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I think this project is possible based on the proposal submitted, because: Building a POAP in Cardano has four main goals:

Create a user-friendly platform

The goal is to develop a user-friendly platform where users can easily mint, distribute, and manage POAPs. The platform should have a simple and intuitive interface that is accessible to a wide range of users, mainly non-developers.

We will conduct user testing and feedback surveys to gauge the ease of use and user satisfaction with the platform. Analyzing user engagement metrics, such as lead times or number of support requests received, can provide insights into the usability of the platform.

Promote Cardano Community Engagement

We focus on creating an active and vibrant community around POAP, where users can showcase their token collection, participate in challenges or competitions, and participate in discussions. with other token holders in Discord and Twitter.

Track user activity in the community, such as the number of POAPs minted, participate in challenges or contribute to discussions and pull requests, can gauge community engagement . Collecting feedback from users about their experience with community features can also provide insights into how effective it is to drive engagement.

Ensure scalability and security

The goal is to build a robust and scalable infrastructure that can handle the growing user base and ensure the security of POAP and user data. This includes taking appropriate security measures, conducting regular audits, and optimizing the platform's performance.

While our current budget doesn't allow us to do security testing by a third-party expert in the first place, we'll keep this in mind for the next iteration as it can help identify issues. vulnerabilities and ensure the security of the platform. Monitor system performance metrics, such as response time and uptime, which can indicate platform scalability. Conducting periodic user satisfaction surveys on security and performance can also provide valuable insights.

Enhance the event organizer experience

The aim is to provide event organizers with an efficient and streamlined process for creating and managing POAPs for their events. This includes features like event registration, token customization, attendee verification and analytics.

Feedback from event organizers can be collected through surveys or interviews to gauge their satisfaction with the platform's features and functionality. Tracking the number of events held, POAPs generated, and overall engagement by organizers can also indicate a platform's success in enhancing their experience.

Implementation plan

To accomplish the above-mentioned goals, the project will follow an iterative and agile development approach. This involves breaking down the development process into smaller sprints (2 weeks - 10 business days each), each focusing on specific features or improvements. Regular feedback from users, event organizers, and the community can guide the iterative development process and ensure that the project matches their needs and expectations. Continuous testing, quality assurance, and bug fixes will be integral parts of the development process to ensure a stable and reliable platform.

Overall, the success of the project will be measured by the achievement of the project goals, user satisfaction, increased adoption of the POAP token, and the development of an active community and stick around the platform. I think the plan and the milestones are achievable, because: They have clear specific plans and have completed some tasks on time and in detail

Milestone 1: Open Source Paima DApp Backend

Hand over:

• Open source on GitHub • Smart contract source code for POAP generation, transfer (if applicable to POAP type) and verification on the Milkomeda/Cardano blockchain. • Automated tests written in Mocha/Chai for smart contracts. • Implemented smart contracts for the Milkomeda mainnet.

Expected results:

• The smart contract is deployed on the Milkomeda mainnet and works as expected. • Interoperability with Cardano is established through the Wrapped Smart Contract feature. • Users can interact with smart contracts on both the Milkomeda and Cardano blockchains.

Measure and Track:

• Successfully deployed smart contracts on the Milkomeda mainnet. • Verify interoperability with Cardano. • Complete testing and functional validation.

Milestone 2: Website development and indexer integration

Hand over:

• Open source website on GitHub • AdaSouls platform-friendly user interface. • UI integration with Milkomeda and Cardano blockchains. • Implemented features such as event registration, token minting, customization and user account management. • Smart contract features are updated based on user interaction with the user interface.

Expected results:

• Visually attractive and intuitive front-end interface. • Seamless UI integration with the Milkomeda and Cardano blockchains. • Fully functional features for event registration, tokenization, customization and user account management.

Measure and Track:

• Complete and test the functionality of the front-end interface. • Successfully integrated user interface with Milkomeda and Cardano blockchains. • User acceptance and satisfaction with implemented features.

Milestone 3: Portal and Documentation Development

Hand over:

• Open source on GitHub (features added to Website from Milestone 2) • Detailed test plan to test from start to finish with a real event. • Comprehensive report documenting findings, including problems and their solutions. • Updated platform with resolved issues and enhanced functionality based on testing insights.

Expected results:

• Validate the platform's performance, usability, and reliability in actual event settings. • Identify and resolve any issues or bugs affecting user experience and functionality. • Secure and robust SPOAP token verification and transfer measures.

Measure and Track:

• Monitor platform performance metrics such as response time, error rate, and user response. • Track identified issues, resolve them, and measure user experience through feedback and surveys. • Monitor the successful issuance, transfer and verification of SPOAP tokens to ensure the security measures are working properly.

Milestone 4: E2E testing with real events

Hand over:

• A real SPOAP delivered to users by a real project • Test plan outlines scenarios and test cases for end to end testing with a real event. • The test event is held with a wide range of participants, including registration and interaction with platform features. • Comprehensive report documenting findings, including identified problems and their solutions. • Updated platform with resolved issues and improved functionality based on testing insights.

Expected results:

• Validate the platform's performance, usability, and reliability in a real event environment. • Identify and resolve any issues or errors encountered during testing for a seamless user experience. • Thoroughly test SPOAP token transfer and verification practices for security and functionality.

Measure and Track:

• Monitor platform performance metrics, such as response time, error rate, and user response during a test event. • Track identified issues, solutions, and evaluate user experience through participant feedback and surveys. • Verify the successful issuance, transfer and verification of SPOAP tokens to ensure the effectiveness of security measures.

The expected outcomes and deliverables of each milestone will be used to track the project's progress and measure its success. Test completion and functionality of deliverables, user adoption metrics, user feedback, and engagement will be used as indicators of progress and success. I think the relevant budget and milestones are achievable, because: They have listed and managed the funds in a very detailed and systematic way. Milestone 1: Open Source Paima DApp Backend

• Backend development using Paima Engine: 10,000 USD • Smart contract development: 20,000 USD • Smart contract testing: 10,000 USD • Project management: 8,000 USD

Milestone Total: 48,000 USD

Milestone 2: Website development and indexer integration

• User interface design and development: $5,000 • Index development: $5,000 • Integration with Milkomeda and Cardano blockchains (using Indexer): $5,000 • Event registration and token minting: 2,500 USD • Customize and manage user accounts: $2,500 • Project management: 6,000 USD

Total milestone: 26,000 USD

Milestone 3: Portal and Documentation Development

• Portal development: 15,000 USD • Create documentation and tutorials: $2,500 • Example and code snippet with repo: $2,500 • Project management: 6,000 USD

Total milestone: 26,000 USD

Milestone 4: E2E testing with real events

• Reach out to projects to let them know about our platform • comprehensive test • Fixes • performance optimization • Project management: 4,000 USD

Milestone Total: 4,000 USD

Total project budget : 104,000 USD (considering ADA price = 0.2882 USD) / 360,860 ADA

The budget breakdown includes costs for each milestone, such as development, testing, deployment, and marketing activities. It also includes essential elements such as project management, documentation, and community engagement. The proposed funding request of $104,000 will cover all costs required to successfully execute the project. The project team is responsible for managing the allocated funds efficiently and effectively. Tôi nghĩ nhóm có kỹ năng, kinh nghiệm, khả năng và năng lực để hoàn thành dự án thành công, bởi vì: họ có kinh nghiệm trong lĩnh vự này và là chuyên gia trong lĩnh vực này, bên cạnh đó họ phân chia nhiệm vụ rõ ràng Nhóm dự án cho công việc đề xuất xây dựng nền tảng AdaSouls ở Cardano bao gồm Matias Falcone, dcSpark và Paima Studios:

Matias Falcone

• Vai trò: Trưởng dự án & Tác giả dự án • Kinh nghiệm: Matias Falcone có nền tảng vững chắc về phát triển phần mềm và đã tích cực tham gia vào cộng đồng Cardano. Anh ấy có kinh nghiệm làm việc trong các dự án blockchain và đã thành lập Cardano Stake Pool (FALCO) của riêng mình, do anh ấy điều hành. Matias cũng có kỹ năng phát triển front-end và back-end, cũng như phát triển hợp đồng thông minh. • liên kết: • LinkedIn • danh mục đầu tư • GitHub • Nhóm cổ phần Cardano GitHub

dcSpark

• Vai trò: Tác giả dự án • Kinh nghiệm: Được thành lập bởi Nicolas Arqueros , Sebastien Guillemot và Robert Kornacki , dcSpark là người tạo ra Milkomeda và Flint Wallet . Họ tập trung vào việc xây dựng các sản phẩm tiền điện tử chất lượng cao, thống nhất trải nghiệm người dùng trong hệ sinh thái chuỗi khối. • liên kết: • Trang mạng • GitHub

Hãng phim Paima

• Vai trò: Nhà cung cấp động cơ • Mô tả: Paima Engine cho phép các nhà phát triển sử dụng lại các bộ kỹ năng lập trình Web2 để xây dựng thế hệ tiếp theo của trò chơi và ứng dụng Web3, được hỗ trợ bởi những cải tiến mới nhất trong công nghệ Blockchain Layer-2. • liên kết: • Trang mạng • GitHub

Lưu ý: nếu các thành viên nhóm bổ sung được tuyển dụng, các kỹ năng cụ thể như phát triển giao diện người dùng, tích hợp chuỗi khối, tài liệu và quản lý cộng đồng sẽ được tìm kiếm. With this answer I rate as GREAT ANSWER!

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Experienced and completely trustworthy project team with multiple finished proposals and major Cardano developments. Fully trust this team will deliver the project as stated.

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Evaluation of the project's feasibility, I find that the project team is fully capable of achieving the set objectives. The involvement of renowned companies in the Cardano ecosystem, along with the Project Lead's successful management and implementation of previous proposals, adds credibility to the project. This demonstrates a level of expertise and experience that can positively influence the project's execution.

The presence of Full Stack Engineers and Senior Solidity Developers with relevant experience makes the team well-equipped to handle the technical challenges of the project.

The project's objectives are well-defined and focused on creating a user-friendly platform, fostering community engagement, ensuring scalability and security, and enhancing the experience for event organizers. The milestone breakdown outlines specific tasks and timelines for each phase, providing a clear roadmap for the project.

The project provides a detailed budget analysis, bringing transparency to the financial plan. Cost estimates for each important milestone seem reasonable, considering the scope of work and deliverables.

However, a few concerns leave me somewhat uncertain:

The project mentions the intention to conduct a security audit by an external expert in a subsequent phase. While this approach may be acceptable for some projects, prioritizing security, especially in blockchain projects, is crucial. The lack of a security audit in the initial phase may pose risks and vulnerabilities that could impact the platform's reputation and user trust.

The success of the project relies on the acceptance and adoption by the Cardano community. While the team has a track record of successful Catalyst proposals, community participation and support will be essential for the widespread adoption and success of POAP.

A thorough analysis of the market and potential competitors should be considered to understand the uniqueness and requirements of the proposed platform. Identifying key differentiators and value propositions will strengthen the project's positioning.

In conclusion, the project to build the POAP platform in the Cardano ecosystem appears feasible and well-planned, with an experienced team, clear objectives, and a flexible development approach. However, addressing security concerns and garnering community support will be crucial factors for the project's long-term success.

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The proposer has clearly explained the problem their are trying to resolve and also they have considered the issues that may arise while implementing the proposal. They have also provided clear details regarding the implementation hence it is safe to say that the project is feasible based on the proposal submitted. After looking into the people involved and their previous projects it can be said that they do have the required skill and experience to complete this proposal successfully. The proposal do consist of clear milestones and budget breakdown therefore the proposal look achievable.

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Value for money

4.55 / 5
11 Reviews

Is the funding amount requested for this project reasonable and does it provide good Value for Money to the Treasury?

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The budget seems fair for a project this big and complex. It looks like they've planned to spend the money wisely on important parts of the project like building, testing, setting up, and managing it.There are many ways to use NFTs and lots of interest in them and in taking part in events in the digital money world. This means the project could do a lot of good for Cardano and be worth the investment.

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The funding amount requested for the project appears reasonable and offers good value for money to the Treasury and the Cardano community. The budget breakdown provides a clear allocation of funds for each milestone, covering essential aspects such as development, testing, documentation, and community engagement. The team's expertise and experience in blockchain development and the Cardano ecosystem instill confidence in their ability to deliver the project successfully. Moreover, the project's value for money is further emphasized by the team's decision to apply a lower monthly salary to represent even more value for the Cardano community. Overall, the proposed funding amount aligns well with the project's objectives and deliverables, making it a good use of resources for the Cardano ecosystem.

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In addition to the proposed budget, the project team includes experienced industry professionals who have expertise and experience in blockchain development, the Cardano ecosystem, and smart contract implementation. The team also includes representatives from dcSpark and Paima Studios, who have expertise in building high-quality crypto products and providing game and app development solutions, repsectively. The proposed budget allocation is reasonable and takes into account development time, project management, documentation, and community involvement. The cost of the project represents value for money for the Cardano ecosystem, as it aims to create a user-friendly interface for event registration, token minting and community participation, where anyone can mint tokens without technical knowledge. Overall, the project team is well-equipped to carry out the project efficiently and effectively, and the budget analysis demonstrates a reasonable cost allocation, aligns with industry standards, and justify the proposed funding request.. Verdict: The project's resources and value for money are favorable, and the cost represents a significant addition to the Cardano ecosystem. The team's expertise and experience, combined with their understanding of the Cardano ecosystem and the proposed funding request of $104,000, represents value for money to the Cardano community and makes the project become a valuable addition to the ecosystem.

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I can see some monetary value this project might give to the treasury. This project says that Value Creation for Cardano Ecosystem will happen through The AdaSouls platform, once developed and launched, will contribute to the Cardano ecosystem by providing a user-friendly interface for event registration, token minting, and community engagement, where anyone can mint tokens with no technical knowledge required and web2 company looking for platforms to do commemorative NFT for their attendees can make use of it which means mass adoption for Cardano and Monetary value for the ADA treasury. Also, this project discloses that The proposed costs are based on industry standards in Melbourne, Australia (where our team is based). You can find the average salary of a Project Manager in Melbourne, Australia here, which is AUD 120,000 a year, or USD 6,600 a month more or less. Even considering all this, we have decided to apply a monthly salary of USD 4,000 (USD 2,600 deduction per month) to our budget calculation, so this can represent more value for money for the Cardano community. A team ready to take pay cut just I get the project completed I bet on such a team to make to the end this exception money value project and team for the ADA treasury.

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The first 3 milestones: Milestone 1: Open Source Paima DApp Backend, Milestone 2: Website Development and Indexer Integration and Milestone 3: Portal Development and Documentation look expensive. Together they are $100 000. Fortunately in this Fund10 the budget for category allows such expenses and we understand that high-quality developers prefer high salaries. The overall budget is 360860 ADA which is $113 245 at the moment of writing this review. The proposers’ experience and portfolio are well presented. In general, I think this is a good proposal in terms of Value for money so I put 5 stars.

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The proposed budget represents value for money for the Cardano ecosystem. The allocated funds are justified by the expertise and experience of the project team, the significance of the project's objectives, and the potential impact on the Cardano ecosystem. The budget breakdown covers all essential aspects of the project, from development and testing to project management and community engagement. The team's decision to apply a lower salary than industry standards demonstrates their commitment to maximizing value for the Cardano community.

Overall this project demonstrates a high potential for positive impact on the Cardano ecosystem, coupled with a feasible implementation plan and a justified budget allocation. The team's expertise and track record further add to the credibility and potential success of the project. This project holds great promise in enhancing the NFT landscape on Cardano and promoting broader adoption of commemorative NFTs in a cost-effective manner.

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Value for money for the Cardano ecosystem is established in the purview of a detailed budget breakdown as highlighted in the budget allocation and cost efficiency. The POAPs platform will enhance retention of users and increase engagement in the Cardano Community through the provision of easy-to-use NFT drops. In sum, the project is a valuable addition to the Cardano brand and value for money is established.

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Evaluation of the project's value for money: Based on the provided budget analysis, the value for money of the project is reasonable. The total project budget is 104,000 USD, equivalent to approximately 360,860 ADA, assuming the ADA price is 0.2882 USD.

Overall, the budget allocation in the plan appears to be reasonable and aligned with the project's objectives and requirements. However, the project team needs to implement responsible financial management to ensure the efficient and effective use of resources.

It is important to note that the budget is presented in both USD and ADA. The assumption of ADA price at 0.2882 USD may be subject to market fluctuations; thus, the project team should be prepared to face price changes to avoid any impact on project execution.

The project has the potential to positively impact the value of the Cardano ecosystem. The AdaSouls platform, once developed and launched, will contribute to the Cardano ecosystem by providing a user-friendly interface for event registration, token creation, and community engagement, allowing anyone to create tokens without technical knowledge.

The proposed costs are based on industry standards in Melbourne, Australia, where the project team is based. This reflects the competitiveness and reasonableness of the proposed budget. Additionally, the team has decided to apply a monthly salary of 4,000 USD (a deduction of 2,600 USD per month) for budget calculation to provide value for money to the Cardano community.

In conclusion, the project has the potential to bring about positive impacts on the value of the Cardano ecosystem through the development of the AdaSouls platform, and the proposed budget represents a suitable and reasonable value for money for the Cardano ecosystem.

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The overall budget amount is somewhat high but the potential impact is great and the team is well suited to complete the project. I am confident that the people involved are worth the costs proposed.

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I think the amount of funding requested for this project is reasonable and does it provide a good Value for Money to the Treasury, because: NFT is one of the biggest volume drivers in the Cardano ecosystem, and this can be further enhanced by unlocking proof-of-attendance use cases. By being able to easily and cheaply create commemorative NFTs, it will be possible to increase user retention in the Cardano ecosystem. In addition, this system will be more efficient than many alternatives on the market that can be offered to web2 companies looking to reduce the commemorative NFT for the Cardano ecosystem.

The cost of the project represents value for money to the Cardano ecosystem through a combination of elements that justify the proposed budget:

• Expertise and experience: The project team possesses the necessary expertise and experience in blockchain development, the Cardano ecosystem, and smart contract implementation

• Products and milestones: The proposed milestones and deliverables align with the project goals and are essential for the successful development and implementation of the AdaSouls platform on Cardan

• Reasonable budget allocation: Budget allocation takes into account the required resources, including development time, project management, documentation, and community involvement

• Create Value for Cardano Ecosystem: AdaSouls Platform, once developed and launched, will contribute to Cardano ecosystem by providing user-friendly interface for event registration, minting notify and join the community where anyone can mint tokens without technical knowledge

Suggested costs are based on industry standards in Melbourne, Australia (where our team works). You can find the average Project Manager salary in Melbourne, Australia here, which is AU$120,000 a year, equivalent to or less than US$6,600 a month. Even taking all of this into consideration, we've decided to use a monthly salary of $4,000 (with a deduction of $2,600 per month) to calculate our budget, so this can make a lot of money. More value for money for the Cardano community. I rate your answer GREAT ANSWER!

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The fund requested do look a lot but by taking into the account of the people and teams involved in the project it seems justified and also if this proposal is successful implemented it would save a lot of funds to projects working on cardano and also help to attract new brands looking for cost efficient chain to launch their projects and NFT tokens. Which will help in the growth of the whole cardano ecosystem. By taking all this future applications into account it can be said that the proposal do provide good Value for Money to the Treasure

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Impact / Alignment

4.6 / 5
11 Reviews

Has this project clearly demonstrated in all aspects of the proposal that it will positively impact the Cardano Ecosystem?

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Impact Point: 4/5 The issue identified in the submission is that NFT commemorative projects on Cardano are currently restricted due to transaction fees and minimal UTxO restrictions. The project aims to solve this problem by creating online games using a system called Stateful NFT, which allows users to receive a unique NFT that is updated over time as they participate in the game event, instead of being minted a new NFT each time. Milkomeda's use of the Development SDK and Wrapped Smart Contracts provides accessibility, efficiency, and a way of soul engagement for Cardano users to measure user engagement on-chain. The project measures its success by tracking on-chain interactions, collecting user feedback, and sharing the project's output and results. The project's impact on the Cardano ecosystem is huge, by providing a solution to the current limitations of commemorative NFT projects, which will enhance the user experience and encourage new projects to explore these novel use cases using POAPs. Overall, the submission demonstrates a clear understanding of the current issue and provides a solution to the limitations of the Anniversary NFT projects on Cardano, enhancing user experience and encouraging the exploration of novel use cases. The proposed method for measuring success, which includes tracking on-chain interactions and gathering user feedback, is also impressive.

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AdaSouls is bringing a new idea to Cardano, called Proof of Attendance Protocol (POAP). This idea has already worked well on Ethereum and other similar systems. By bringing this to Cardano, more people might start using it.AdaSouls is also showing a new way to use NFTs that's different from just art. This could make NFTs on Cardano even more usefull.But, it's not clear how much AdaSouls will help Cardano as a whole. While POAPs can get people more involved, it's not certain if they can really boost Cardano's economy.To make sure AdaSouls helps as much as possible, the project could share a strong plan to get people to use it. This could include teaming up with other projects, advertising, or giving special deals to people who run events.

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The proposed project aims to bring Proof of Attendance Protocol (POAP) to the Cardano ecosystem, allowing for the creation of commemorative NFTs for event attendees. This has the potential to significantly increase user retention and engagement in the Cardano ecosystem, as well as attract web2 companies interested in conducting commemorative NFT drops. The project addresses a clear problem in the current NFT landscape on Cardano and offers a unique solution to bridge the gap between the physical and crypto worlds. The potential impact on Cardano's adoption and NFT ecosystem is substantial.

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Proof of Attendance Protocol (POAP) seems to be an essential and very perspective application of blockchain technology. My position is that the more protocols we have - the better it will be for the ecosystem. And then market forces will decide which will have the best positive impact on the Cardano Ecosystem. Personally, I attended many crypto events and the notion of NFT usage as a ticket or entrance proof is not new for me. But usually, in such cases, Ethereum is used or any other EVM blockchain, for example, Polygon. POAP is one of the Real-World application of NFT and cryptocurrencies, which will be understood even by your small children or even your grandma. That’s why I think it’s necessary to have this development in Cardano and this proposal is well written and presented by a reputable company. That’s why I put 5 stars.

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The proposal has clearly demonstrated its positive impact on the Cardano ecosystem. By introducing Proof of Attendance Protocol (POAP) to Cardano, the project addresses the challenge of distributing commemorative NFTs to event attendees without the need for significant ADA transactions. The solution leverages Stateful NFTs on Milkomeda, ensuring cost-effective distribution of NFTs to both new and recurring users, making it an attractive marketing strategy. The project also aims to bridge the gap between the physical and crypto worlds, linking off-chain attendance to on-chain presence, which is crucial for Cardano's adoption. The proposal's roadmap and plans to measure success are well-structured, including tracking on-chain interactions and seeking user feedback. The team's intention to share outputs and results with the Cardano community, along with open-sourcing all research and development activities, adds further value.

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This proposal will have a positive impact on the Cardano ecosystem in that. First this relatively beautiful tech and very new to the blockchain community and one being built on Cardano shows we are positioning ourselves to be leaders in niches in the blockchain space. Also, it's a very simple but rather beautiful solution to enhance and reward attendance and a rather great way to record and store things and access them and improve their usage thanks for this simple solution. More so this project says that… Additionally, to enable building soulbond NFTs, these NFTs will be minted on Milkomeda (Cardano sidechain). This has the added benefit that transaction fees are also significantly cheaper than the Cardano L1, allowing for much larger and more regular drops and also bypassing the min UTxO issue. Thanks to Milkomeda's work on wrapped smart contracts, it's still possible for Cardano users to fully control their SPoA directly from any Cardano wallet (Nami/Eternl/Flint/etc) and will not require any new wallets to be installed for either event organizers or regular participants this reduces redundancy and outs Cardano on an enterprise level which is a positive impact for the community.

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Gamification of proof of attendance NFTs on the Cardano ecosystem would have a hugely positive impact on the Cardano ecosystem. The plan to use updatable NFTs and an L2 to significantly lower the marketing cost for event organizers is a big step towards mass adoption

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In my assessment, the proposed solution is highly effective in addressing the current issue, which is the lack of a cost-effective way to distribute event-related NFTs to participants on Cardano due to the minimal ADA value on the UTxO model.

The proposed solution involves using Stateful NFTs with the Paima Engine technology, combined with the Proof of Attendance Protocol (POAP). By implementing Stateful NFTs, a unique NFT can be created for each user, and this NFT can evolve over time to encode all the events the user has participated in. This approach reduces costs and complexities by allowing event organizers to update existing NFTs for regular attendees instead of issuing new ones.

The solution brings numerous benefits and unique features:

Using Stateful NFTs and POAP enables the creation of a reliable record of user activities in both the physical and digital worlds. The project offers the option to issue Soulbound SPOAPs, which are non-transferable POAPs linked only to the user's wallet, opening up new opportunities such as digital identity and membership, loyalty programs, marketing campaigns, professional skill certifications, and credit profiles. The proposed solution seems to be a creative and feasible approach to address the issue of distributing event-related NFTs to participants on Cardano. By utilizing Stateful NFTs and POAP, the project aims to reduce costs, improve usability, and bridge the gap between the physical and digital worlds. Additionally, the option to issue Soulbound SPOAPs adds uniqueness to the project and potential for expanding use cases beyond traditional NFTs.

However, the success of the project will depend on its implementation, acceptance within the Cardano community, and the ability to deliver the intended benefits.

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The proposed idea has a positive impact on the Cardano ecosystem. The assertion is true to the extent that a successful implementation of the project will bring about interoperability and integrations, community involvement, cost-effective rewards, broader adoption. Interoperability and integrations for instance refer to the potential to leverage the Wrapped Smart Contracts on Milkomeda to provide interoperability and integration with Cardano products, protocol and services to augment end-user experience.

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This proposal will be very helpful to attract new brands into ecosystem and also help to reduce the marketing expenses which the companies need to incur to reward all the attendees of an in-person event. By implementing this proposal successfully the projects will be able to save funds which could be further spent on marketing for their projects. Which in turn help them to get new users into their projects and helping cardano to get new people into it's ecosystem. Therefore this proposal do have positive impact on the cardano ecosystem

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I think this project has clearly demonstrated in all aspects of the proposal that it will have a positive impact on the Cardano Ecosystem, because: Create or improve various products that bring value to the Cardano community and wider ecosystem: thanks to the Milkomeda Wrapped Smart Contract feature, we will provide interoperability with Cardano. This will allow us to issue POAPs with very low transaction fees, creating a whole new tool for the wider ecosystem. Integration with other existing services, products, and protocols improves end-user experience. This could mean giving users more options or making something easier to use, benefiting the broader ecosystem: as mentioned before, we'll improve improve end-user experience by integrating POAP with existing Cardano projects and protocols. This will be achieved using our Developer SDK. What impact will this project have on Cardano? We have seen very important brands exploring POAP in the Ethereum ecosystem, such as Adidas, Warner Music, and Gary Vaynerchuk. We strongly believe that we can leverage Cardano's game by providing companies, communities, entrepreneurs, developers and end users with tools that have proven to be successful in blockchain space, but not yet offered in Cardano space. POAP alone generated 6.5 million NFTs: that's more than 75% of the ENTIRE NFT ECOSYSTEM in Cardano! I rate this answer as GREAT ANSWER!

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