funded

Real World Asset Tokenization Minting Capabilities in NMKR Studio

₳60,000.00 Received
₳750,000.00 Requested
Ideascale logo View on ideascale
Community Review Results (1 reviewers)
Impact Alignment
Feasibility
Value for money
Solution

rwa-398ef6.png

Enhancement of NMKR Studio's minting capabilities to enable seamless templatized minting of real-world assets, including fungible tokens, and to facilitate the issuance of new real-world assets.

Problem:

rwa-398ef6.png

Absence of a streamlined, templatized method for issuing real-world assets on the Cardano blockchain from a technical perspective.

Yes Votes:
₳ 178,597,781
No Votes:
Votes Cast:
699

This proposal was approved and funded by the Cardano Community via Project F11: Cardano Use Cases: Product Catalyst funding round.

[SOLUTION] Please describe your proposed solution.

We plan to execute the following solutions:

  • Templatized Minting: Develop templates for various asset types, simplifying the tokenization process.

  • UI Enhancement: Redesign NMKR Studio for a user-friendly experience, facilitating asset creation.

  • Fractionalization Smart Contract: Integrate smart contracts allowing fractional ownership of assets.

  • Real World Asset Issuance: Identify, tokenize, and sell at least two real-world assets on Cardano.

    [IMPACT] Please define the positive impact your project will have on the wider Cardano community.

Our project will:

  • Democratize asset tokenization by simplifying the process for creators.

  • Expand the utility of NMKR Studio, attracting a wider user base.

  • Position Cardano as a leader in real-world asset tokenization and fractionalization.

  • Showcase real-world asset use cases, inspiring innovation within the Cardano community.

    [CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

The project will be delivered by Patrick Tobler and the NMKR team, who have extensive experience in blockchain development and have successfully delivered several projects in the Cardano ecosystem. NMKR is a leading NFT Creation, Minting & Trading Infrastructure provider on the Cardano blockchain, with a proven history of delivering robust and reliable solutions.

The company has minted over 2 million NFTs and has worked with high-profile clients, including celebrities like Martin Lawrence and foundational entities of the Cardano Blockchain: IOHK (IOG), Emurgo, and the Cardano Foundation.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Templatized Minting Implementation

Acceptance Criteria: Is it technically possible to issue a standardized Real World Asset through NMKR Studio?

>UI Enhancement and Redesign

Acceptance Criteria: Is it possible for users to issue a Real World Asset via selecting a template in the NMKR Studio UI? This might only be shown as a video or on a staging environment until finally released.

>Fractionalization Smart Contract Integration

Acceptance Criteria: Is there a frationalization Smart Contract integrated in NMKR Studio?

>Selection, Tokenization, and Sale of First Real World Asset

Acceptance Criteria: Has at least 1 Real World Asset been put up for sale using the templatized services in NMKR Studio?

>Release of this upgrade to the public

Acceptance Criteria: Are the templatized Real World Asset Minting capabilities available to the public?

[RESOURCES] Who is in the project team and what are their roles?

The project will be delivered by Patrick Tobler and the NMKR team, who have extensive experience in blockchain development and have successfully delivered several projects in the Cardano ecosystem. NMKR is a leading NFT Creation, Minting & Trading Infrastructure provider on the Cardano blockchain, with a proven history of delivering robust and reliable solutions.

The company has minted over 2 million NFTs and has worked with high-profile clients, including celebrities like Martin Lawrence and foundational entities of the Cardano Blockchain: IOHK (IOG), Emurgo, and the Cardano Foundation.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

  • Templatized Minting Development: 300,000 ADA

  • UI Enhancement: 200,000 ADA

  • Smart Contract Integration: 100,000 ADA

  • Real World Asset Tokenization (x2): 200,000 ADA

  • Marketing and Promotion: 50,000 ADA

  • Miscellaneous and Contingency: 100,000 ADA

  • Total Budget: 750,000 ADA

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

The project represents excellent value for the Cardano ecosystem by:

  • Expanding NMKR Studio's capabilities, making it more accessible and attractive to users.
  • Enabling the tokenization and fractionalization of real-world assets on Cardano, a valuable use case.
  • Positioning Cardano as a leader in asset tokenization and demonstrating its real-world utility.
  • Encouraging the broader Cardano community to explore innovative asset tokenization projects.

This investment will contribute to Cardano's growth and leadership in the realm of real-world asset tokenization, creating lasting value for the ecosystem.

Community Reviews (1)

Comments

Monthly Reports

close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
0:00
/
~0:00