[IMPACT]
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 a simple 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.
<u>How Does NFTPass Work?</u>
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.
<u>Scope Of Works:</u>
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>Marketing The Solution:</u>
We will market our solution through lead generation at business events, promotional material and setting up workshops for DID & NFT Education at business hubs in London.
We will approach businesses through local industry connections and create exposure through marketing at events and online
<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.
We are building a B2B business that provides a solution with the potential to have a huge impact on B2C relationships and how customers experience events, with widescale adoption on the horizon for Blockchain and more specifically Cardano.
The main challenge will be pitching businesses to trial the project, however we have a few connections in the industry that are able to get us in the door and once we have the product built fully we can demo its use very easily.
[FEASIBILITY]
Phase 1 - Product Development 3 months
- application built from wireframes
- lite wallet integration
- NFT mint
- infrastructure in place
- pitch deck for product marketing
3 Months - Functioning BETA used to pitch businesses in all verticals to trial on small venues / areas
Phase 2 - Pitching Business 3-6 months
- create multimedia marketing kit for pitching
- test environment for minting NFTs and verification in real time
- discovery sessions and onboarding process for businesses
6-9 Months - Trials of infrastructure on Mainnet agreed in at least one vertical
- 1 Trial in place with agreements to expand based on the results of trial
Phase 3 - Small Scale Adoption 6 months
- expansion between verticals
- leveraging existing relationships to create new business opportunities
- refine and iterate pitch and media deck
- small scale trials and rollout in different areas
12-18 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.
15K App Development (2-3 months)
15K Lite Wallet Dev & Integration (2-3 months)
10K Servers and Infrastructure to run the App and Nodes needed inc redundancy
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.
Rhys - SPO, Plutus Pioneer, Ux Ui
https://www.linkedin.com/in/rhys-morgan-pt/
Maxime - Web Developer, App Developer
https://www.linkedin.com/in/maxime-julian-9b72a999/
Anthony - Web Developer, App Developer, Ux Ui
https://www.linkedin.com/in/anthony-riera-96aba3133/
Rob - Software Developer, Project Manager
Robert - Creative Media Marketing, Metaverse & NFTs
https://www.linkedin.com/in/robwtrmn/
[AUDITABILITY]
We will be looking to develop the app fast and have a series of example NFT Tickets with extended experiences to enable us to pitch multiple businesses within 3 months.
We will have a public github repo in place to demonstrate the work we are doing and a public kanban board available to show our current goals and milestones achieved.
Once we have the Alpha product developed we will measure our progress by tracking lead generation, meetings and discovery sessions conducted with different businesses.
We will also record monthly update videos which we will publish on Rhys' YouTube Channel
Success for this project is widescale adoption of the Cardano Blockchain through NFT tickets being used in countries all over the world
This was an unfunded proposal from Fund7 NFTPass returning with a clearer project proposal and bigger team
