Locally-Sourced Wada NFT Platform: Empowering African Artists through a Fair and Inclusive NFT Marketplace.

[GENERAL] Name and surname of main applicant

Wada

[GENERAL] Email address of main applicant

hello@wada.org

Additional applicants

Ezekiel Donkor

Afia Owusu

Megan Hess

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

8

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

Yes

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

The dependency on NMKR to release APIs is crucial for our project's delivery as it enables the integration of their services into our NFT platform. These APIs would provide essential functionality and data, such as secure blockchain transactions, authentication, and provenance verification, which are fundamental for ensuring a reliable and trustworthy platform for artists and buyers. By relying on NMKR's APIs, we can leverage their expertise and infrastructure, accelerating the development process and ensuring a robust and efficient platform that meets the needs of our users.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

NFTs

[METADATA] Category of proposal

NFTs

[IMPACT] Please describe your proposed solution.

Proposal Summary

The global art market is a multi-billion dollar industry, but African artists are underrepresented in this market. This is due to a number of factors, including limited access to traditional galleries and online selling platforms, as well as a lack of awareness of African art among international collectors.

The lack of visibility for African artists in the global art market has a number of negative consequences. First, it prevents artists from reaching a wider audience and gaining the recognition they deserve. Second, it limits their opportunities to earn a fair living from their work. Third, it contributes to the perception that African art is not valuable or important.

Rationale

We believe that NFTs (non-fungible tokens) can be a powerful tool for addressing the underrepresentation of African artists in the global art market. NFTs are digital assets that use blockchain technology to verify ownership and authenticity. This makes them ideal for art because they can provide artists with fair compensation and create a transparent and secure marketplace for collectors.

In addition, the digital nature of NFTs allows artists to overcome geographical limitations and engage with a global audience. This means that art enthusiasts from all over the world can discover and support African art, bridging the gap between artists and collectors.

Finally, our platform will empower artists by providing them with the opportunity to earn royalties on secondary sales through smart contracts. This ensures ongoing support for artists and acknowledges the long-term value of their work.

Strategy

Our platform will engage the following stakeholders:

African artists: The platform will empower African artists by providing them with a space to tokenize and sell their art as NFTs. This will offer them fair compensation and exposure to a global market. The platform will be accessible to artists from all backgrounds and levels of experience.

Art collectors and enthusiasts: The platform will engage art collectors and enthusiasts who are interested in discovering and collecting African art. It will offer them a curated selection of high-quality NFTs, providing a unique opportunity to support African artists and own digital representations of their work.

Art institutions and partners: Collaboration with art institutions, galleries, and partners will strengthen our project's impact. These partnerships can provide additional resources, expertise, and exposure to the platform and its participating artists.

Impact

We will demonstrate and prove our impact through the following means:

Artist success stories: We will showcase the success stories of African artists who have gained recognition and received fair compensation through the sale of their NFTs on our platform. These stories will highlight the transformative impact on artists' careers and economic empowerment.

Economic data: By tracking and reporting the sales volume and revenue generated from the platform, we will demonstrate the economic impact on participating artists and the growth of the African art market in the digital space.

Collector feedback: Collectors' testimonials and feedback on their experience with the platform will serve as evidence of its effectiveness in providing a seamless and rewarding buying process. Positive reviews and continued engagement from collectors will demonstrate the platform's success in connecting them with African art.

Market reach and diversity: We will analyze user engagement, geographic reach, and diversity of collectors on the platform to measure the expansion of the global audience for African art. Increased participation and interest from art enthusiasts worldwide will validate our efforts in promoting African art globally.

We believe that our NFT platform has the potential to make a significant impact on the global art market and empower African artists. By monitoring these key indicators and continuously gathering feedback, we will ensure the platform's impact and make improvements based on the needs of artists, collectors, and the art community. Our commitment to empowering artists, promoting fair compensation, and fostering a thriving ecosystem for African art will be evident through the demonstrated impact of our innovative NFT platform.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The integration of the African Art Hub onto the Cardano blockchain will bring significant benefits to the Cardano ecosystem, including:

Expanded use cases: The African Art Hub will showcase the versatility and practicality of the Cardano ecosystem. By utilizing Cardano's robust infrastructure and smart contract capabilities, the platform will ensure secure transactions, verifiable ownership of NFTs, and transparent royalty distributions. This integration will contribute to the expansion of real-world use cases for Cardano.

NFT market development: The African Art Hub will stimulate the growth of the NFT market within the Cardano ecosystem. By providing a dedicated platform for African artists to tokenize their artwork as NFTs, it will attract artists, collectors, and art enthusiasts to engage with Cardano's NFT ecosystem. This increased activity will lead to a vibrant and diverse NFT marketplace within Cardano, attracting further attention and investment.

Community engagement: The African Art Hub will foster an engaged community of artists, collectors, and art enthusiasts within the Cardano ecosystem. This community will contribute to the overall growth and vibrancy of the ecosystem by participating in discussions, collaborations, and events centered around African art and the NFT market. The platform will act as a catalyst for community-building and knowledge sharing, strengthening the Cardano ecosystem's social fabric.

Increased adoption and exposure: Integrating the African Art Hub onto Cardano will attract attention and interest from the wider art community, both within and outside the blockchain space. Artists and collectors who are already familiar with Cardano's ecosystem will be more likely to explore and engage with the African Art Hub, further increasing adoption and exposure for Cardano as a blockchain platform.

Economic opportunities: The African Art Hub's focus on fair compensation and royalties for artists aligns with Cardano's principles of sustainability and empowerment. By providing a platform that ensures artists receive ongoing support and recognition through royalties on secondary sales, the African Art Hub creates economic opportunities for African artists and contributes to the long-term prosperity of the Cardano ecosystem.

[IMPACT] How do you intend to measure the success of your project?

We will employ various key performance indicators (KPIs) and evaluation metrics. The following are some of the ways we intend to measure the success of the African Art Hub:

• Number of Artists Engaged: We will track the number of African artists actively participating on the platform. Increasing artist engagement demonstrates the platform's ability to attract and retain artists, indicating its value and relevance to the artist community.

• Artwork Listings and Sales: We will monitor the number of artwork listings and the volume of sales on the platform. This will provide insights into the platform's effectiveness in facilitating transactions between artists and collectors. Increasing listings and sales demonstrate the platform's growing adoption and commercial viability.

• Engagement: We will assess the level of engagement from art collectors and enthusiasts on the platform, such as the number of registered collectors, frequency of visits, and depth of interactions. Higher collector engagement indicates the platform's appeal and ability to attract and retain a diverse collector base.

• Stories: We will track and showcase success stories of artists who have gained recognition, received opportunities, and earned fair compensation through the platform. This will serve as qualitative evidence of its impact. Positive testimonials and achievements from artists highlight the platform's effectiveness in empowering and supporting artists.

• Reach: We will analyze the geographic distribution of artists and collectors on the platform. This will demonstrate its ability to connect African artists with a global audience. A wider reach indicates the platform's success in overcoming geographical barriers and expanding the visibility of African art internationally.

• Surveys: We will conduct surveys and collect feedback from artists, collectors, and users of the platform. This will provide insights into their satisfaction levels, user experience, and areas for improvement. Positive feedback and high satisfaction scores reflect the platform's effectiveness in meeting the needs and expectations of its users.

• Social Media and Online Presence: We will monitor the growth of the platform's social media followers, website traffic, and online mentions. This will indicate its increasing visibility and influence in the art community. A strong online presence reflects the platform's ability to generate interest, engage with the audience, and amplify the reach of African art.

• Partnerships and Collaborations: We will assess the number and quality of partnerships with art organizations, galleries, and other relevant stakeholders. This will indicate the platform's recognition and credibility within the art ecosystem. Collaborations with established institutions highlight the platform's ability to foster meaningful connections and provide valuable opportunities for artists.

[IMPACT] Please describe your plans to share the outputs and results of your project?

To share the outputs and results of the African Art Hub project, we will employ the following strategies:

• Reports and Case Studies: Generate comprehensive reports and case studies to document progress, impact, and key findings, available on our website and other online channels.

• Social Media: Share regular updates, milestones, success stories, and engaging content on Twitter, Instagram, and LinkedIn to reach a wider audience.

• Community Events: Host virtual events and webinars to engage with artists, collectors, and the wider art community, gathering feedback and answering questions.

• Industry Conferences: Participate in relevant conferences to present project outputs, achievements, and contribute to thought leadership.

• Partnerships: Collaborate with art institutions, galleries, and organizations to share project outputs through joint exhibitions, panel discussions, and publications.

• Press Releases and Media Outreach: Issue press releases and engage with media outlets to announce milestones, partnerships, and achievements.

• Testimonials: Collect and share authentic testimonials from artists and collectors who have benefited from the African Art Hub.

• Project Website: Create a dedicated website as a central hub for sharing updates, reports, success stories, and resources.

• Online Publications: Publish articles and insights related to the project in relevant online publications and industry networks.

• Knowledge Sharing Sessions: Conduct sessions, workshops, or seminars to share project insights and lessons learned with stakeholders, promoting the adoption of findings.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

Cardano-based community network of 25+ professionals focused on connecting the world to Africa using blockchain and AI. 20+ funded proposals with strong partnerships within the Catalyst ecosystem. A trusted source for both Africa-based projects and wider ecosystem contributions.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The following are the project's primary objectives:

1. African artists will be given a platform to display and sell their work as part of the project's effort to empower them. This objective entails raising their profile, encouraging artistic development, and facilitating equitable payment for their artistic endeavors.

2. Increase Access to Global Art Market: The project aims to address the underrepresentation of African artists in the international art market. It aims to close the gap and give African artists more exposure and chances to interact with collectors and art enthusiasts around the world by utilizing technology and digital platforms.

3. Facilitate Artistic Discovery: The project wants to make it possible for art lovers to find and value African art. It aims to develop a user-friendly platform that makes it easier to discover, interact with, and buy African artworks while fostering an appreciation for different cultures.

To ensure that our strategy is workable.

1. We will conduct in-depth market research to understand the current environment, trends, and demands in the global art market as well as the unique difficulties faced by African artists. We can validate the project's need and viability using this analysis.

2. By examining the necessary infrastructure, development resources, and integration capabilities, we will evaluate the technical viability of our platform. This evaluation will make sure that our strategy is compatible with current technology and is practical for use.

3. Creating a proof of concept will enable us to verify the platform's essential features, functionalities, and user interface. We can determine the viability and feasibility of our approach by getting input from artists, collectors, and potential users.

4. User testing and feedback will be gathered from artists, collectors, and art lovers as we move through the development stage. In order to ensure the platform's viability and align it with user expectations, we will use an iterative feedback loop to improve and refine it.

5. Partnership and Stakeholder Engagement: Engaging with pertinent stakeholders, such as artists, galleries, collectors, and art organizations, will yield insightful information and validate our strategy. Creating partnerships with these stakeholders will increase the project's viability and adoption.

6. Financial Viability Assessment: We will carry out a comprehensive financial analysis, taking into account revenue streams, operating expenses, and potential funding sources. This evaluation will confirm that the project is financially feasible and assist us in developing a long-term business strategy.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

The following is a detailed breakdown of the project milestones, along with the main tasks or activities required to reach each milestone, over a 32-week period:

Weeks 1-4: Project Initiation and Planning

Conduct market research and analysis to understand the global art market landscape and the specific challenges faced by African artists.

Define project goals, objectives, and success criteria.

Establish the project team, roles, and responsibilities.

Develop a detailed project plan, including timeline, deliverables, and resource allocation.

Weeks 5-8: Technical Development and Infrastructure Setup

Set up the necessary infrastructure, including servers, databases, and network configurations.

Develop and test the core functionalities of the platform, such as user registration, artwork upload, and search features.

Implement smart contract mechanisms for NFT creation, ownership, and royalty distribution.

Conduct continuous testing and bug fixing to ensure a stable and secure platform.

Weeks 9-12: User Interface Design and User Experience Enhancement

Design an intuitive and visually appealing user interface for the platform.

Implement user feedback mechanisms to gather input and improve the user experience.

Enhance the platform's navigation, artwork display, and filtering options.

Conduct usability testing to validate the effectiveness of the user interface and make necessary adjustments.

Weeks 13-16: Artist Onboarding and Artwork Curation

Develop an artist onboarding process, including verification and profile creation.

Design a robust artwork curation system to ensure high-quality and authentic African artworks.

Engage with artists and collectors to encourage participation and build a diverse art collection on the platform.

Implement a transparent and fair selection process for artwork display and promotion.

Weeks 17-20: Platform Launch and Initial Marketing

Conduct comprehensive platform testing to ensure readiness for the public launch.

Develop a marketing strategy to generate awareness and attract artists and collectors.

Launch the platform, making it accessible to users, and start accepting artwork submissions.

Execute marketing campaigns through social media, online advertising, and partnerships.

Weeks 21-24: User Engagement and Feedback Gathering

Encourage user engagement through targeted community-building efforts.

Gather feedback from artists, collectors, and users to identify areas for improvement.

Implement suggested enhancements and bug fixes based on user feedback.

Conduct surveys and user interviews to gain insights into user satisfaction and suggestions for future development.

Weeks 25-28: Partnership Expansion and Collaborations

Identify potential partnerships with art institutions, galleries, and organizations.

Collaborate with partners to organize joint exhibitions, panel discussions, or promotional events.

Establish strategic alliances to expand the reach and impact of the platform.

Leverage partnerships to attract renowned African artists and collectors to the platform.

Weeks 29-32: Evaluation, Documentation, and Future Roadmap

Evaluate the project's achievements, impact, and adherence to goals and success criteria.

Document project outcomes, lessons learned, and best practices.

Develop a future roadmap for the platform, identifying areas for growth and innovation.

Prepare final project reports and recommendations for scaling and sustainability.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Project Initiation and Planning

Deliverables: Market research report, project goals, success criteria, and project plan.

Outputs: Clear understanding of the global art market landscape and challenges, defined project objectives and milestones, and comprehensive project plan.

Intended Outcomes: Establish a solid foundation for the project, align team members on project objectives, and set a roadmap for successful project execution.

Milestone 2: Technical Development and Infrastructure Setup

Deliverables: Functional platform with core features, configured infrastructure.

Outputs: Working platform with user registration, artwork upload, and search functionalities, established infrastructure to support platform operations.

Intended Outcomes: Lay the groundwork for the platform's functionality and ensure a stable technical foundation for subsequent development.

Milestone 3: User Interface Design and User Experience Enhancement

Deliverables: User interface design, improved user experience.

Outputs: Intuitive and visually appealing platform interface, enhanced navigation, and user feedback mechanisms.

Intended Outcomes: Enhance user engagement and satisfaction by providing an intuitive and aesthetically pleasing user interface, resulting in a positive user experience.

Milestone 4: Artist Onboarding and Artwork Curation

Deliverables: Artist onboarding process, a curated collection of artworks.

Outputs: Streamlined artist onboarding procedure, verified artist profiles, and a diverse and high-quality collection of African artworks.

Intended Outcomes: Empower African artists by providing them with a platform to showcase their work, and curate a collection that reflects the richness and diversity of African art.

Milestone 5: Platform Launch and Initial Marketing

Deliverables: Fully launched platform, initial marketing campaigns.

Outputs: Live platform accessible to users, executed marketing campaigns generating awareness.

Intended Outcomes: Attract artists and collectors to the platform, generate initial user engagement and participation, and create awareness in the art community.

Milestone 6: User Engagement and Feedback Gathering

Deliverables: Enhanced user engagement, and gathered user feedback.

Outputs: Increased user participation and user feedback gathered through surveys and interviews.

Intended Outcomes: Foster an active and engaged user community, and gather valuable insights to improve the platform based on user feedback.

Milestone 7: Partnership Expansion and Collaborations

Deliverables: Established partnerships with art institutions, and collaborations for events.

Outputs: Strategic alliances with art organizations and galleries, joint exhibitions or events organized.

Intended Outcomes: Expand the reach and impact of the platform, attract renowned African artists and collectors, and create opportunities for cross-promotion and collaboration.

Milestone 8: Evaluation, Documentation, and Future Roadmap

Deliverables: Project evaluation report, future roadmap.

Outputs: Evaluation of project achievements, documented outcomes, best practices, and a roadmap for future development.

Intended Outcomes: Assess the project's impact and success, capture lessons learned, and provide guidance for future growth and sustainability of the platform.

These deliverables, outputs, and intended outcomes for each milestone will contribute to the overall success of the project and the achievement of its goals in empowering African artists, increasing access to the global art market, and fostering artistic discovery.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Budget Breakdown:

Technical Development and Infrastructure Setup - 25,000 ADA

Server infrastructure setup: 15,000 ADA

Software development: 10,000 ADA

User Interface Design and User Experience Enhancement - 15,000 ADA

User interface design: 8,000 ADA

User experience enhancement: 7,000 ADA

Artist Onboarding and Artwork Curation - 15,000 ADA

Artist onboarding: 7,000 ADA

Artwork curation: 8,000 ADA

Additional Costs (Admin, Reporting, etc.) - 10,000 ADA

Administration and reporting: 5,000 ADA

Miscellaneous expenses: 5,000 ADA

Total Budget: 65,000 ADA

This budget allocation allows for substantial investment in technical development and infrastructure setup, user interface design, and artist onboarding. These areas are critical to building a robust and user-friendly platform while ensuring the inclusion and representation of African artists.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money for the Cardano ecosystem in the following ways:

• Empowering African Artists: The project invests in the development of a platform that focuses on African artists, creating opportunities for underrepresented artists to showcase their work globally. This inclusivity promotes diversity in the art market and provides artists with a platform to gain recognition and generate income.

• Global Exposure for African Art: The platform's reach and accessibility enable art enthusiasts worldwide to discover and appreciate African art. This exposure helps to bridge the gap between African artists and the global art market, fostering cultural exchange and expanding the appreciation of African art internationally.

• Supporting the Cardano Ecosystem: The project contributes to the growth and adoption of the Cardano ecosystem by utilizing its blockchain technology. By leveraging the security, transparency, and scalability of Cardano, the platform ensures secure transactions, reliable provenance tracking, and immutable records of art ownership.

• Economic Opportunities: The project creates economic opportunities for artists, curators, and other stakeholders in the art industry. By facilitating the sale and purchase of artworks, the platform stimulates economic activity and generates revenue for artists, which, in turn, contributes to the growth of the art market.

• Promoting Cultural Exchange: The platform's emphasis on African art fosters cultural exchange and understanding. By showcasing diverse African artistic expressions, the project helps to break down stereotypes, promote cultural dialogue, and celebrate the rich cultural heritage of the African continent.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept