Detailed Plan
The goal of this project is to push utilization of NFTs for managing a user or organization's assets on the public ledger. Issuance of these assets should be as simple as filling out a specified form, varying in detail depending on the type of asset selected.
<u>Business Model</u>
Charge user 1 ₳ per asset issuance or a preferred rate for enterprise customers.
We forecast an impact of 1000 users in the first month that will generate 3000 ADA in fees, assuming the average user will tokenize 3 assets.
<u>KPI</u>
Development Milestones
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Set up a series of well-defined metadata standards for various assets:
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Documents (ie. Whitepapers, academic papers, legal documents, presentations, design specifications, tickets, licenses, etc.)
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Real Estate Properties
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Deploy web interface for users to automatically instate these assets
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Deploy backend to instantiate assets on the blockchain
Usage Metrics
- Issue 1000 user requested assets or collect 3000 ADA in fees
<u>Development Notes</u>
Progress exists on the following fronts:
Partially developed python wrapper for the Cardano node with the following functionality:
- Managing and creating "accounts" (policyIDs)
- Issuing token(s) based on pre-existing metadata file
- Feed in transaction queue
- Feed in minting queue (WIP)
Partially developed full stack solution to submit mint requests for:
- General Document
- Real Estate
- Physical Art
- Virtual Art
Integrated payment systems
- Stripe (Credit/Debit)
- Cardano transaction listener