What is NFT3D Live?
NFT3D Live is the first Metaverse marketplace for hyper-interactive 3D NFTs. It protects the rights of both NFT artists and their fans. The artists create exciting, interactive content exclusive to each NFT that their fans buy in real-time NFT auctions held in NFT3D Live.
NOTE: This proposal is in the Miscellaneous Challenge because there is no specific challenge for either Metaverse or NFT proposals.
How does it work?
The artists and their fans mingle in NFT Showcase worlds that integrate high quality video conferencing, resulting in a rich, lifelike environment where everyone can see each other's actual faces instead of cartoon characters that don't capture the full joy of human interaction like NFT3D Live does. Live auctions are held in these showcase rooms with human auctioneers, creating a fun, safe, exciting meeting place where an NFT artist can entertain their fans while enticing them in real-time to buy their latest works.
On the flips ide the NFT Viewer worlds act as custom "viewing rooms" that ensure that only the NFT owner gets to experience the custom content the NFT artist embedded in their purchase. However the NFT owner can also grant viewing rights to any friends or family members they choose. NFT3D Live uses advanced security features to ensure that only those people whose public addresses are whitelisted for access, can view the custom NFT content. Finally the NFT3D Live smart contract supports derivative commissions, so fans can earn profits when they sell an artist's NFTs, if the artist grants them that right.
(Please see the white paper and pitch deck in the Resources section for further details including technical details on the technology involved.)
Awards
Neo3D Live was a winner in the SocialFi (social finance) category of the recent Metathon Hackathon held by the Metaverse Alliance. Please visit their web site to see the impressive list of blockchain investment groups and cryptocurrency companies that sponsored the hackathon.
Metathon results page (look for Neo3D Live in the SocialFi track):
<https://metaversealliance.com/results>
It is also a two-time winner in the recently concluded Hack the Inevitable contest:
<https://hack-the-inevitable.devpost.com/>
<https://devpost.com/software/nft3d-live-3d-interactive-metaverse>
This contest was put on by Rich Kopcho's group as a way to encourage people to enter proposals into F8.
Resources
NOTE: Remember, Neo3D Live will become NFT3D Live when it is migrated to Cardano!
Neo3D Live (live dApp)
(Contact the proposal author for access)
GitHub repository
<https://github.com/Android-Technologies-Inc/neo-metaverse>
Metathon winner announcement (see the SocialFi track)
<https://github.com/Android-Technologies-Inc/neo-metaverse>
LinkedIn Page for Robert Oschler
<https://www.linkedin.com/in/natlang/>
Risks and Challenges
Here is a list of potential pitfalls and possible solutions that might affect the project:
Scalability: The DolbyIO video conferencing service supports up to 25 people per conference. Obviously there will be many virtual worlds. Every NFT artist can have their own, or several of their own. But if people want to have giant NFT showcases, then significant additional work will have to be done to either restrict the number of people that can broadcast video (show their camera), or other measures to mitigate that desire. This proposal does not cover the expense of that additional work and resources.
Plutus Developer: It may be hard to find an available Plutus developer given the small size of the available developer pool when weighed against the sizable needs of the Cardano ecosystem. However, this is not a fatal issue. I have already begun initial learning of Haskell and Plutus and if need be, I will do the migration of the NEO smart contracts to Cardano myself. However, that might introduce a delay into the delivery schedule.