Bridge Between Real Estate and Cardano Blockchain

[GENERAL] Name and surname of main applicant

António Lopes

[GENERAL] Email address of main applicant

info@metastateproperties.io

Additional applicants

No one.

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

6

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

No

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

No

[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.”

No dependencies.

[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.”

Project will be fully open source.

[METADATA] Category of proposal

RealFi

[IMPACT] Please describe your proposed solution.

Metastate's proposed solution addresses the challenges in traditional real estate transactions by leveraging blockchain technology and tokenization. We recognize the lack of transparency, inefficiency, and limited accessibility as significant issues in the real estate industry.

Our approach is to digitize properties into non-fungible tokens (NFTs), enabling fractional ownership and unlocking global investment opportunities. By utilizing the Cardano blockchain, we ensure secure and transparent property records, smart contracts, and efficient transactions.

Our solution benefits various stakeholders. Property owners gain liquidity, as they can tokenize and sell fractional ownership of their properties. Investors can diversify their portfolios with fractional ownership and tap into previously inaccessible markets. The general public can participate in real estate investment with lower entry barriers.

We will demonstrate the impact of our solution through real-world use cases, showcasing successful property tokenization, increased accessibility, and improved transaction efficiency. Our platform will track property performance, investor returns, and user feedback to provide transparent metrics of the solution's effectiveness.

What sets our solution apart is the integration of Cardano's robust blockchain infrastructure, which offers scalability, security, and sustainability. By aligning with Cardano's principles, we ensure a reliable and future-proof solution for the real estate industry.

Metastate's solution is crucial for Cardano as it showcases the practical application of blockchain technology beyond cryptocurrencies. It highlights Cardano's capabilities in enabling secure and efficient transactions in the real estate sector, fostering financial inclusion, and driving innovation in traditional industries.

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

Our proposed solution aligns with the aims of the Cardano ecosystem in several ways. Firstly, it leverages the robustness and security of the Cardano blockchain to address the challenges of transparency, efficiency, and accessibility in the real estate industry. By tokenizing properties as NFTs on Cardano, we enable secure and transparent transactions, ensuring the integrity of property records and smart contracts.

The impact of our project extends beyond funding the project team. It brings significant value to the Cardano ecosystem by attracting new users and investors who are interested in exploring the potential of blockchain technology in real estate. As more users engage with the Metastate platform, it strengthens the Cardano ecosystem by increasing usage and transaction volume.

Quantifying the impact, we anticipate a substantial increase in the number of users and transactions within a reasonable timeframe. We aim to onboard thousands of users to the Cardano ecosystem through our real estate tokenization platform, expanding the community and fostering adoption. This influx of users will contribute to the growth of the Cardano network, making it more vibrant and robust.

Furthermore, our solution addresses key problems in the real estate industry, such as limited accessibility, high entry barriers, and lack of transparency. By offering fractional ownership and facilitating global property investment, we enable financial inclusion and democratize access to real estate assets. This not only solves industry pain points but also positions Cardano as a pioneer in transforming traditional sectors through blockchain technology.

Overall, our project will bring tangible value to the Cardano ecosystem by driving user adoption, increasing transaction volume, and solving critical challenges in the real estate industry. It strengthens Cardano's reputation as a leading blockchain platform and demonstrates its versatility in addressing real-world problems.

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

We intend to measure the success of our project through various metrics that reflect the benefits it brings to the Cardano ecosystem. These metrics include:

1. User Adoption: We will track the number of users onboarded to the Metastate platform and the growth rate over time. Increasing user adoption indicates the project's relevance and attractiveness to the Cardano community.
2. Transaction Volume: We will monitor the volume of transactions conducted on the Metastate platform. Higher transaction volumes demonstrate increased engagement and utilization of the platform, contributing to Cardano's productivity and growth.
3. Property Tokenization: The number of properties tokenized on the platform will serve as a key measure of the project's impact. Successful tokenization showcases the practical application of blockchain in the real estate sector and signifies Cardano's capability to revolutionize traditional industries.
4. User Satisfaction: We will gather user feedback and opinions through surveys and ratings to gauge their satisfaction with the platform's usability, transparency, and overall experience. Positive feedback indicates that the project is meeting user expectations and driving user engagement.
5. Community Engagement: The level of engagement from the Cardano community, such as active participation in governance, voting on proposals, and involvement in platform discussions, will be an important measure of the project's impact. Increased community engagement strengthens Cardano's ecosystem and fosters a sense of ownership and collaboration.

In the short term, our project will contribute to increased user adoption, transaction volume, and property tokenization on the Cardano blockchain. This will enhance Cardano's productivity by driving network activity and expanding its use cases beyond cryptocurrencies.

In the long term, the innovation of real estate tokenization on Cardano will establish a strong foundation for sustainable growth. It will attract new users and investors to the Cardano ecosystem, further expanding its community and driving network effects. Additionally, the success of our project will position Cardano as a leading blockchain platform for real-world applications, attracting more innovative projects and fostering continued growth and development.

By measuring these metrics and gathering qualitative feedback, we can assess the success and impact of our project on Cardano's productivity, growth, and community engagement.

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

We have comprehensive plans to share the outputs and results of our project to maximize their impact and create opportunities for further development. Here are our strategies:

1. Communication Channels: We will utilize various communication channels such as our website, blog, social media platforms, and newsletters to share regular updates on the project's progress, achievements, and key milestones. These channels will help us engage with our community, investors, and stakeholders, keeping them informed about the project's outputs and impact.
2. Community Engagement: We will actively engage with the Cardano community through forums, online communities, and events to share the outputs of our project. This will foster discussion, gather feedback, and encourage collaboration, allowing us to leverage the collective knowledge and expertise of the community.
3. Research Publications: We will document the research findings, insights, and lessons learned from our project and publish them in relevant research publications, journals, and conferences. By sharing our knowledge and experiences, we contribute to the broader research and development activities in the blockchain and real estate sectors.
4. Partnerships and Collaborations: We will seek partnerships and collaborations with other projects, organizations, and industry players to explore synergies and share the outputs of our project. This includes collaborating with real estate companies, blockchain platforms, and academic institutions to leverage their expertise and expand the reach of our project's impact.
5. Open-Source Contributions: We believe in the power of open-source development and collaboration. As such, we plan to contribute any relevant tools, frameworks, or code developed during our project to the open-source community. This will enable others to benefit from our work, encourage further innovation, and foster a collaborative ecosystem.

The results generated from our project will be utilized in further research and development activities in several ways. Firstly, we will analyze the project's outcomes and lessons learned to identify areas of improvement and optimization for future iterations of the Metastate platform. This continuous improvement process will enhance the platform's functionality and user experience.

Additionally, the results will inform our ongoing research efforts in real estate tokenization, blockchain technology, and decentralized finance (DeFi). We will explore new opportunities, innovative use cases, and potential collaborations based on the insights gained from the project. These research and development activities will contribute to the broader advancement of the blockchain industry and its intersection with the real estate sector.

By actively sharing the outputs and results of our project, we aim to create a lasting impact, inspire further innovation, and catalyze opportunities for collaboration and growth within the Cardano ecosystem and beyond.

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

We have a strong capability to deliver the Metastate project with high levels of trust and accountability. Our team possesses the necessary expertise, experience, and track record in the relevant domains, making us well-suited for this endeavor.

1. Technical Expertise: Our team includes experienced blockchain developers, smart contract specialists, and real estate professionals who have a deep understanding of the technologies and intricacies involved in real estate tokenization on the Cardano blockchain.
2. Track Record: We have a proven track record of delivering projects on time and within budget. Our team has successfully completed previous real estate projects, ensuring that all funds were managed properly and transparently. We adhere to best practices in financial management, ensuring accountability and responsible handling of funds.
3. Governance and Compliance: We understand the importance of proper governance and compliance in the blockchain industry. We will establish robust governance mechanisms and adhere to regulatory requirements to ensure transparency and accountability in project execution. This includes implementing internal controls, auditing processes, and complying with relevant legal and financial regulations.
4. Partnerships and Support: We have established partnerships with reputable organizations in the real estate sectors. These partnerships provide us with access to resources, expertise, and networks that further enhance our capability to deliver the project successfully. We also have a strong support system, including advisors and mentors, who provide guidance and ensure that our actions align with best practices.
5. Communication and Reporting: We prioritize clear and transparent communication with our stakeholders. We will provide regular updates on project progress, financial management, and key milestones. Our reporting processes will be transparent and accessible, ensuring that stakeholders can trust in our ability to manage funds properly.

In managing funds, we will follow a robust process that includes multi-signature wallets, secure storage, and rigorous financial controls. We will establish clear financial management procedures, conduct regular audits, and ensure compliance with industry standards. This approach ensures the proper allocation and management of funds, instilling trust and confidence in our ability to handle financial matters responsibly.

Our demonstrated capabilities, combined with our commitment to transparency, accountability, and adherence to best practices, make us the best-suited team to deliver the Metastate project with high levels of trust and accountability.

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

The main goals for the Metastate project are as follows:

1. Real Estate Tokenization: Our goal is to enable the tokenization of real estate assets on the Cardano blockchain, unlocking liquidity and democratizing access to the real estate market. We will validate this goal by successfully tokenizing a diverse range of properties and facilitating seamless ownership transfers through smart contracts.
2. Platform Functionality: We aim to develop a user-friendly platform that simplifies property tokenization, investment management, and staking processes. We will validate this goal by delivering a fully functional platform that provides intuitive interfaces, comprehensive property details, transparent transaction history, and investment performance tracking.
3. Staking Rewards and Governance: We strive to incentivize token holders to stake their METS tokens and participate in network security and governance. We will validate this goal by implementing a staking mechanism that offers attractive rewards, enabling token holders to earn passive income and actively participate in decision-making processes.
4. Boost Collection NFTs: Our goal is to create a unique collection of NFTs, the Boost Collection, that provides exclusive benefits and boosts profitability within the Metastate platform. We will validate this goal by designing and releasing the Boost Collection NFTs, offering different tiers of rarity and associated benefits to token holders.
5. Community Engagement: We aim to foster an engaged and vibrant community around the Metastate project. We will validate this goal by actively engaging with the Cardano community, hosting events, providing educational resources, and gathering feedback to ensure that our approach aligns with the needs and expectations of our community.

To measure the achievement of these goals, we will employ a combination of quantitative and qualitative metrics. Quantitative metrics may include the number of real estate assets tokenized, the total value locked (TVL) on the platform, the growth in active users, and the staking participation rate. Qualitative metrics may include user satisfaction surveys, community feedback, and the level of engagement in governance activities.

In terms of implementation, our approach will involve leveraging the capabilities of the Cardano blockchain, utilizing smart contracts for property tokenization, developing user-friendly interfaces, and integrating secure payment systems. We will also conduct rigorous testing and security audits to ensure the reliability and robustness of our platform.

By setting clear goals and implementing a comprehensive validation process, we will ensure that our approach is feasible and aligned with the objectives of the Metastate project.

[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 implementation of the Metastate project will be carried out through a series of milestones, each representing a significant stage of progress. The following is a breakdown of the main milestones, tasks, timeline, success criteria, and projected costs:

Milestone 1: Platform Development

• Tasks: Design the platform architecture, develop smart contracts for property tokenization, and implement user-friendly interfaces.
• Timeline: 1 months
• Success Criteria: Completion of platform architecture design, deployment of smart contracts on the Cardano blockchain, and functional user interfaces.
• Projected Cost: $6.000

Milestone 2: Boost Collection NFTs

• Tasks: Conceptualize and design the Boost Collection NFTs, create unique artwork and attributes for each tier, and develop the NFT minting process.
• Timeline: 2 months
• Success Criteria: Completion of Boost Collection NFT designs, minting of NFTs on the Cardano blockchain, and integration of NFT functionality within the platform.
• Projected Cost: $3.000

Milestone 3: Staking and Governance

• Tasks: Implement staking mechanism, develop staking rewards system, and integrate on-chain governance features.
• Timeline: 2 months
• Success Criteria: Activation of staking functionality, distribution of staking rewards, and deployment of on-chain governance capabilities.
• Projected Cost: $5.000

Milestone 4: Real Estate Tokenization

• Tasks: Establish partnerships with real estate entities, develop the process for property tokenization, and ensure compliance with legal and regulatory requirements.
• Timeline: 6 months
• Success Criteria: Successful tokenization of a diverse range of real estate assets, secure ownership transfers, and adherence to legal and regulatory standards.
• Projected Cost: $30.000

Milestone 5: Community Engagement and Marketing

• Tasks: Engage with the Cardano community, conduct marketing campaigns, provide educational resources, and gather feedback.
• Timeline: Ongoing
• Success Criteria: Increased community engagement, positive user feedback, and growth in platform users and stakeholders.
• Projected Cost: $15.000 (ongoing budget)

The overall project management approach will involve a combination of agile methodologies and regular communication channels to ensure efficient coordination among team members and stakeholders. Milestones will be tracked using project management tools, and progress will be regularly reviewed and assessed against the defined success criteria.

Please note that the projected costs provided are estimates and may be subject to change based on market conditions, resource requirements, and other factors.

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

Milestone 1: Platform Development

Deliverables:

• Platform architecture design document
• Smart contracts for property tokenization
• User-friendly interfaces (web and mobile)
• API documentation for integration with payment systems
• Outputs:
• Completed platform architecture design that ensures transparency, security, and immutability of property transactions
• Functional smart contracts deployed on the Cardano blockchain
• User-friendly interfaces that simplify property tokenization, investment management, and staking processes
• Intended Outcomes:
• A fully operational platform that enables users to tokenize properties, transfer ownership, and participate in staking and governance activities
• Measurement:
• Progress will be tracked based on the completion of platform design documents, successful deployment of smart contracts, and positive user feedback on the usability of the interfaces.

Milestone 2: Boost Collection NFTs

Deliverables:

• Boost Collection NFT designs (bronze, silver, and gold tiers)
• Unique artwork and attributes for each NFT
• NFT minting process
• Outputs:
• Completed Boost Collection NFT designs with distinct artwork and attributes for each tier
• Minted NFTs on the Cardano blockchain
• Integration of NFT functionality within the platform
• Intended Outcomes:
• A collection of unique and desirable NFTs that provide additional benefits and boost profitability for token holders
• Measurement:
• Progress will be measured by the completion of NFT designs, successful minting of NFTs on the blockchain, and integration of NFT functionality within the platform.

Milestone 3: Staking and Governance

Deliverables:

• Staking mechanism implementation
• Staking rewards system
• On-chain governance features
• Outputs:
• Activated staking functionality, allowing token holders to stake their METS tokens and earn rewards
• Distribution of staking rewards based on the staked amount and duration
• Deployment of on-chain governance capabilities, enabling token holders to participate in decision-making processes
• Intended Outcomes:
• Increased engagement and participation from token holders through staking and governance activities
• Enhanced security and decentralization of the Metastate network
• Measurement:
• Progress will be assessed by the successful activation of staking functionality, regular distribution of staking rewards, and active participation in on-chain governance activities.

Milestone 4: Real Estate Tokenization

Deliverables:

• Partnerships with real estate entities
• Property tokenization process
• Legal and regulatory compliance framework
• Outputs:
• Established partnerships with real estate entities for the tokenization of properties
• Streamlined process for property tokenization, ensuring secure ownership transfers and efficient transactions
• Compliance with legal and regulatory requirements governing real estate tokenization
• Intended Outcomes:
• Increased accessibility to real estate investments through tokenization, providing broader investment opportunities for users
• Enhanced liquidity and fractional ownership of real estate assets
• Measurement:
• Progress will be evaluated based on the number of successful property tokenizations, secure ownership transfers, and adherence to legal and regulatory standards.

Milestone 5: Community Engagement and Marketing

Deliverables:

• Community engagement initiatives (webinars, forums, social media campaigns)
• Marketing campaigns and materials
• Educational resources on real estate tokenization and NFTs
• Outputs:
• Increased community engagement through informative webinars, active participation in forums, and social media interactions
• Effective marketing campaigns that raise awareness and attract new users to the platform
• Educational resources that provide insights into real estate tokenization and the benefits of the Metastate ecosystem
• Intended Outcomes:
• Expanded user base and stakeholder community, fostering a vibrant ecosystem around Metastate
• Heightened understanding and awareness of real estate tokenization and NFTs among potential users
• Measurement:
• Progress will be measured through community engagement metrics (number of participants in webinars, forum interactions), marketing analytics (reach, engagement, conversions), and user feedback on educational resources.

The measurement of progress and outcomes will involve a combination of quantitative and qualitative metrics, including user engagement, platform usage statistics, feedback surveys, and community sentiment analysis. Regular reporting and analysis of these metrics will help track the project's progress and assess the achievement of intended outcomes.

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

Budget Breakdown:

Milestone 1: Platform Development

• Platform architecture design: $3,000
• Smart contract development: $7,000
• User-friendly interface design and development: $7,000
• Total: $17,000

Milestone 2: Boost Collection NFTs

• NFT design and artwork: $1,000
• NFT minting and integration: $1,000
• Total: $2,000

Milestone 3: Staking and Governance

• Staking mechanism implementation: $7,000
• Staking rewards system development: $6,000
• On-chain governance features: $8,000
• Total: $21,000

Milestone 4: Real Estate Tokenization

• Buying a real estate asset: $200,000
• Property tokenization process: $1,000
• Legal and regulatory compliance framework: $30,000
• Total: $231,000

Milestone 5: Community Engagement and Marketing

• Community engagement initiatives: $6,000
• Marketing campaigns and materials: $10,000
• Educational resources: $4,000
• Total: $20,000

Additional Costs:

• Publicity/Marketing/Promotion: $8,000
• Project Management: $6,000
• Documentation: $4,000
• Reporting back to the community: $3,000
• Total: $21,000

Grand Total: $312,000

Alternative Sources of Funding:

In addition to the requested funding, the project team and will allocate $15,000 from their own resources. The remaining amount will be covered part by the requested funding and the remaining for credit bank.

The budget includes all necessary resources, such as hardware, software licenses, professional services, and third-party tools required for the successful implementation of the project. The costs have been carefully estimated based on market rates and the project team's experience in similar endeavors.

It is the responsibility of the project team to manage the funds provided and ensure they are allocated effectively and transparently for the specified deliverables and objectives. Regular financial reporting and auditing will be conducted to ensure proper financial management and accountability.

[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 due to several factors. Firstly, we have carefully analyzed and benchmarked the costs against industry standards and market rates for similar projects. We have taken into account the complexity and scope of the work involved, ensuring that the costs are proportional and reasonable.

Furthermore, the costs have been allocated strategically to maximize efficiency and effectiveness. We have leveraged our team's expertise and experience to optimize resource allocation and minimize unnecessary expenses. Our focus is on delivering high-quality outputs and outcomes that provide tangible value to the Cardano ecosystem.

Additionally, we have considered the long-term benefits and impact of the project. By investing in the proposed initiatives, we aim to drive adoption, attract new users, and foster ecosystem growth. These outcomes will contribute to the overall success and sustainability of the Cardano ecosystem.

We are committed to transparent budget management and will provide detailed reports on how the funds are utilized throughout the project. This ensures accountability and allows the community to assess the value generated from the allocated resources.

Overall, the project's cost represents value for money by delivering tangible results, aligning with industry standards, and contributing to the long-term growth and success of the Cardano ecosystem.

[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