Detailed Plan

A lot of people know that NFTs can provide real world utility beyond art and gaming, but struggle to implement solutions because of transaction fees and the need to wait for blocks on-chain.

NFTPass is an off-chain solution that authenticates NFTs without the need for transactions enabling a better user experience for individuals and enterprises.

Out Patent Pending solution solves the issues other businesses and startups have with implementing a solution like this.

The finished product will have 2 mobile apps, one for the enterprise and one for the user.

The user will have a simple lite wallet that can hold NFTs (this will be the same app for all uses), with access to the private keys so the wallet can be restored in another full function wallet (this will enable people to access / backup their wallet and keep the NFTs)

The enterprise will have an application that initiates the verification process for users to prove their NFTs and allow access.

The main part of development work will be creating the apps and UI, which will essentially look like Apple's Wallet application for the user, the lite wallet itself will just need and address for receiving NFTs and potentially sending (although we will not build this function into the Alpha)

As I have already wireframed the apps, we are seeking the initial funding from Catalyst to build the Alpha version of the Apps with the server back end for minting NFTs for businesses, as well as an enterprise level media kit to approach businesses so we can onboard companies and begin small scale testing in the real world.

The finished product will include a mint for businesses to create NFTs as well as a standardised metadata structure to enable simple design and creation of NFTs to conform with the applications.

<u>Targeted Industries:</u>

Music Events - Gigs / Festivals

Sports Events

Film / Cinema

Travel

This could also be something that could be implemented in other industries where access needs to be managed - e.g. banks, gyms, building sites and more

<u>How The Proposal Will Encourage Adoption</u>

This proposal will enable real world utility of NFTs on the Cardano Blockchain, taking crypto into the mainstream by putting NFT wallets into the hands of the general public; and crypto into enterprises with simple infrastructure that can replace current system to create immutability and prevent fraud.

<u>What Does Success Look Like?</u>

3 Months - Functioning BETA used to pitch businesses in all verticals to trial on small venues / areas

6 Months - Trials of infrastructure on Mainnet agreed in at least one vertical

12 Months - Small scale adoption with trials running in multiple verticals

We also want to integrate into Atala Prism as a way of merging the NFT pass system with digital identity and adding functionality to the DID ecosystem within Cardano.

<u>Funding & Budget Breakdown:</u>

15K App Development

15K Lite Wallet Dev & Integration

5K Branding/Media Kit & Marketing Materials

5K NFT Mint & Standardised Metadata Structure System

One of the most important things for this project is developing an enterprise level media kit and promotional material that we can use to approach big businesses. In order for to companies to take this seriously we need to make sure this is the highest level we can make it, and there is already a lot of high level competition with big budgets.

<u>Team:</u>

Rhys - SPO, Sales & Marketing

Rob - Software Dev, Project Manager

We have access to a team of App, UX and Blockchain devs through our network who are ready to build out our wireframes when funded. But the long term work on the project will be done by ourselves.