[IMPACT] Please describe your proposed solution.
CNFT Jungle Portfolio Tracker will allow investors to take a deeper dive into the details of their NFT
portfolios.
Clicking on an NFT will allow them to access key data of their NFT, information such as:
- Profit and Loss history
- Name/collection
- NFT Image
- Current floor prices
- Recent sale price
- Collection size
- Asset rarity
- Sales history
- Marketplace volume
- Listings history
- Minting history
- Profit and Loss history
As well as allow direct transaction export to widely-used tax reporting tools.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
While most NFT portfolio trackers have a single data point (i.e., sales, listings), CNFT Jungle Portfolio Tracker will leverage the full spectrum of NFT data to not only show the portfolio performance, but also provide future estimations based on trends.
The tax reporting tool will be built on the same platform, allowing investors tracking their portfolio with CNFT Jungle to become tax compliant seamlessly: CNFT Jungle Tax Reporting Tool helps you become fully compliant with NFT tax rules and download your tax reports in minutes.
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The wallet queries are quite heavy and would require a lot of optimization, apart from that they are no challenges that we foresee we will have issues with.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
- Planning backend infrastructure: 1 week
- Gathering portfolio data points: 1 week
- Creating necessary backend endpoints: 1 week
- Setting portfolio endpoints: 1 week
- Making portfolio UI and UX: 2 weeks
- Optimizing wallet queries: 1 week
- Wiring UI to backend: 1 week
- Testing and polishing: 1 week
- Creating tax reporting endpoints: 1 week
- Creating tax reporting UI: 1 week
[FEASIBILITY] Please provide a detailed budget breakdown.
- Planning backend infrastructure: 1 week
- Gathering portfolio data points: 1 week
- Creating necessary backend endpoints: 1 week
- Setting portfolio endpoints: 1 week
- Making portfolio UI and UX: 2 weeks
- Optimizing wallet queries: 1 week
- Wiring UI to backend: 1 week
- Testing and polishing: 1 week
- Creating tax reporting endpoints: 1 week
- Creating tax reporting UI: 1 week
Each week requires us approximately $8000 for 3 engineers.
[FEASIBILITY] Please provide details of the people who will work on the project.
CNFT Jungle team has built and delivered many successful NFT tools in the past:
- CNFT Jungle Platform: https://cnftjungle.io
- CNFT Predator | NFT Sniping Browser Extension: https://bit.ly/3x9E0K3
At CNFT Jungle, we leverage our NFT knowledge and expertise to build NFT tools and applications that help thousands of users daily fulfill their NFT needs.
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
No, the amount requested is enough to build the proposed tool
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
We usually complete projects by elements so it'll be trackable by completes pages/components
[AUDITABILITY] What does success for this project look like?
Fully working portfolio with historical data and easy to use profit/loss tax exporting to existing tax management tools.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
Entirely new one
