Agora Suite Expansion: NFT Standards and Novel Token Structures Integration

[GENERAL] Name and surname of main applicant

John Valdez

[GENERAL] Email address of main applicant

john@uniscroll.io

Additional applicants

• ADAO Contributors

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

12

[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

DAO

[METADATA] SDG rating

SDG 9: Industry, Innovation, and Infrastructure – This proposal aligns with SDG 9 by expanding the functionality of the Agora suite through the integration of more comprehensive NFT standards and the creation of novel token structures. This expansion enhances the infrastructure and capabilities of the Cardano ecosystem, fostering innovation and promoting the development of unique decentralized applications.

[IMPACT] Please describe your proposed solution.

We aim to expand Agora, the suite of smart contracts on the Cardano network, to incorporate more comprehensive NFT standards such as CIP-25, CIP-68 and others, as well as to create novel structures that use fungible tokens in tandem with NFTs. This includes features for enhanced fungible token use cases. By doing so, we seek to empower ADAo's decentralized DAO with richer functionality and increased versatility, opening the door to a wider range of decentralized applications and use cases

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

Our solution addresses the challenge by extending the functionality of the Agora suite, thus providing developers with a broader toolkit for designing dApps on the Cardano network. The integration of various NFT standards and the creation of new structures involving fungible tokens will provide a richer ecosystem for the development of unique, innovative applications. This expansion will consequently attract more developers and users to Cardano, promoting greater network activity and boosting the ecosystem's overall growth and sustainability.

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

Phase 1: Integration and Expansion (Months 1-3)

Milestone 1: Integration of Additional NFT Standards

• Develop and implement the integration of new NFT standards into the Agora suite.
• Measure the successful integration by the number of additional NFT standards supported.

Milestone 2: Creation of Novel Structures

• Design and build innovative structures that combine fungible tokens and NFTs within the Agora suite.
• Evaluate the success of these structures based on their uniqueness and potential for new use cases.

Phase 2: Developer Adoption and Feedback (Months 4-6)

Milestone 3: Increased dApp Development

• Encourage and support the development of decentralized applications (dApps) using the expanded Agora suite.
• Measure success by tracking the number of new dApps built and their adoption within the Cardano developer community.

Milestone 4: Positive Feedback and Adoption

• Engage with developers and users to gather feedback on the usability and effectiveness of the expanded Agora suite.
• Evaluate success based on the positive feedback received and the increasing adoption of the suite.

Phase 3: Network Activity and Engagement (Months 7-9)

Milestone 5: Increased Network Activity

• Monitor the number of transactions involving NFTs and integrated token structures within the Cardano ecosystem.
• Measure success by observing a steady rise in network activity related to NFTs and integrated token structures.

Phase 4: Communication and Knowledge Sharing (Months 10-12)

Milestone 6: Effective Communication and Knowledge Sharing

• Regularly provide updates on major development platforms like GitHub, highlighting progress and key achievements.
• Conduct webinars and AMA sessions to share knowledge, gather feedback, and foster community involvement.
• Measure success by the level of engagement, participation, and positive response from the Cardano community.

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

We are committed to maintaining transparency and regularly updating the Cardano community on our progress. We will:

1. Regular Updates: We will publish regular updates on major development platforms, such as GitHub, where we will share code, documentation, and progress reports. This will provide transparency and allow the community to track our project's advancements.

1. Community Forums: We will actively participate in community forums, such as Cardano's official forum and other relevant platforms, to share updates, engage in discussions, and address any questions or concerns from community members.

1. Social Media Presence: We will leverage social media platforms, including Twitter, Telegram, and Discord, to share major achievements, milestones, and important announcements related to our project. This will help us reach a wider audience and generate excitement within the community.

1. Webinars and AMA Sessions: We will organize webinars and Ask-Me-Anything (AMA) sessions to provide a deeper understanding of our project, address community queries, and gather feedback. These interactive sessions will foster engagement and ensure that community members have an opportunity to participate and contribute.

1. Open-Source Approach: We believe in the power of open-source collaboration. Therefore, we will make our project code open-source, allowing other developers and enthusiasts to study, contribute to, and build upon our work. This will encourage knowledge sharing and enable the broader Cardano community to benefit from our project's outputs.

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

Our team comprises experienced developers and project managers who have an in-depth understanding of Cardano's blockchain technology and have contributed to the initial development of the Agora suite of smart contracts. We've delivered complex blockchain projects on schedule and within budget in the past, and have a proven track record of providing regular updates and maintaining transparency with the community. We will adopt the same approach for this project to ensure 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?

1. Development of Plug-and-Play EVM Node: Our primary goal is to successfully develop a user-friendly Plug-and-Play EVM Node that simplifies blockchain interactions and fosters wider adoption of EVM technology within the Cardano ecosystem.
2. Streamlined Integration with Cardano: We aim to seamlessly integrate the EVM Node with the Cardano blockchain, ensuring compatibility and interoperability between the EVM ecosystem and Cardano's native infrastructure.
3. Enhanced User Experience: Our project aims to provide a smooth and intuitive user experience for individuals and developers seeking to interact with EVM-based applications on the Cardano network. We strive to remove barriers and technical complexities, making it easier for users to engage with the technology.

To validate the feasibility of our approach, we will undertake the following measures:

1. Proof of Concept (PoC): We will develop a proof of concept to demonstrate the functionality and capabilities of the Plug-and-Play EVM Node. This PoC will serve as a validation of our technical approach and showcase the feasibility of our solution.
2. Testing and Feedback: We will conduct rigorous testing of the EVM Node to ensure its stability, security, and performance. By gathering feedback from users, developers, and the community, we will validate the user-friendliness and effectiveness of our approach.
3. Collaboration with Stakeholders: We will collaborate closely with relevant stakeholders within the Cardano ecosystem, including developers, community members, and project catalysts, to gather insights, address concerns, and refine our approach. Their feedback and involvement will play a crucial role in validating the feasibility of our project.
4. Continuous Improvement: Throughout the development process, we will remain open to iteration and improvement. Regular evaluations and assessments will allow us to identify areas for enhancement and refine our approach based on real-world testing and user feedback.

[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.

Milestone 1: Concept Development and Planning (Month 1)

1. Conduct research on existing EVM integration solutions and analyze their strengths and weaknesses.
2. Identify the specific requirements and objectives of the Plug-and-Play EVM Node project.
3. Define the technical specifications and architecture of the EVM Node.
4. Develop a detailed project plan, including timelines, resource allocation, and dependencies.

Milestone 2: Development of the Plug-and-Play EVM Node (Months 2-5)

1. Set up the development environment and infrastructure for building the EVM Node.
2. Implement the necessary components and functionalities to enable seamless interaction with the EVM ecosystem.
3. Integrate with Cardano's native infrastructure, ensuring compatibility and interoperability.
4. Conduct rigorous testing to ensure the stability, security, and performance of the EVM Node.

Milestone 3: Testing and Refinement (Month 6)

1. Perform comprehensive testing of the EVM Node to identify and resolve any bugs or issues.
2. Gather feedback from users and developers to assess the user-friendliness and effectiveness of the EVM Node.
3. Refine the user interface and experience based on feedback and testing results.
4. Optimize performance and ensure compatibility with a wide range of EVM-based applications.

Milestone 4: Beta Launch and User Feedback (Months 7-8)

1. Release a beta version of the Plug-and-Play EVM Node to a select group of users and developers.
2. Collect feedback and insights from beta testers regarding the functionality, usability, and overall experience.
3. Analyze the feedback to identify areas for improvement and make necessary adjustments.
4. Engage with the beta testing community to address questions, provide support, and gather additional feedback.

Milestone 5: User Onboarding and Marketing Campaign (Months 9-10)

1. Develop comprehensive documentation and user guides to facilitate the onboarding process.
2. Launch a marketing campaign to raise awareness and attract users and developers to the EVM Node.
3. Conduct webinars, tutorials, and workshops to educate the community about the benefits and usage of the EVM Node.
4. Collaborate with Cardano community leaders and influencers to promote the Plug-and-Play EVM Node.

Milestone 6: Review, Refinement, and Full Launch (Months 11-12)

1. Evaluate the feedback received during the beta phase and make final refinements to the EVM Node.
2. Perform a thorough review of the entire project, addressing any remaining issues or enhancements.
3. Prepare for the full launch of the Plug-and-Play EVM Node, ensuring readiness for widespread adoption.
4. Celebrate the official launch and promote the availability of the EVM Node to the Cardano community.

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

Milestone 1: Concept Development and Planning (Month 1)

• Deliverables: Research report on existing EVM integration solutions, project requirements document, technical specifications and architecture plan, detailed project plan.
• Outputs: Clear understanding of existing solutions, well-defined project requirements and objectives, established project plan.
• Intended Outcomes: Solid foundation for the development phase, alignment of project goals and expectations.

Milestone 2: Development of the Plug-and-Play EVM Node (Months 2-5)

• Deliverables: Functional Plug-and-Play EVM Node, integration with Cardano infrastructure, testing documentation.
• Outputs: Developed infrastructure and protocols, functional EVM Node, integration with Cardano ecosystem.
• Intended Outcomes: Seamless interaction with EVM ecosystem, compatibility with existing platforms, enhanced development capabilities.

Milestone 3: Testing and Refinement (Month 6)

• Deliverables: Bug reports, testing documentation, refined user interface and experience.
• Outputs: Resolved bugs and issues, improved user experience, optimized performance.
• Intended Outcomes: Stable and secure EVM Node, positive user feedback, readiness for beta testing.

Milestone 4: Beta Launch and User Feedback (Months 7-8)

• Deliverables: Beta version of the Plug-and-Play EVM Node, feedback collection mechanism.
• Outputs: User feedback, insights, and suggestions, improved features based on user input.
• Intended Outcomes: Valuable insights for further refinement, engaged beta testing community, enhanced user satisfaction.

Milestone 5: User Onboarding and Marketing Campaign (Months 9-10)

• Deliverables: Comprehensive documentation, user guides, marketing materials, educational content.
• Outputs: Increased user onboarding, awareness of the EVM Node, educational resources.
• Intended Outcomes: Smooth user onboarding, wider adoption, community engagement, increased developer interest.

Milestone 6: Review, Refinement, and Full Launch (Months 11-12)

• Deliverables: Final version of the Plug-and-Play EVM Node, launch materials, readiness assessment.
• Outputs: Refined and optimized EVM Node, launch materials for promotion, project evaluation.
• Intended Outcomes: Successful full launch, widespread adoption, positive community response, achievement of project goals.

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

Project Management & Research (55,000 ADA): This constitutes 20% of the total budget. It covers the planning, administration, and research activities necessary for effective project management and strategic decision-making.

Integration Development (146,675 ADA): This represents approximately 53.33% of the project budget. It includes the development of the necessary infrastructure and protocols for seamless integration with existing systems or platforms. The budget covers developer salaries and technological resources.

Testing & Refinement (36,675 ADA): This allocation corresponds to about 13.33% of the budget. It encompasses thorough testing and refinement to ensure the project's functionality and quality standards are met. The budget addresses the associated costs for testing and making necessary improvements.

Documentation (36,675 ADA): This portion, constituting approximately 13.33% of the total budget, is dedicated to developing comprehensive user documentation and sample dApps. This supports user understanding and serves as a showcase of the project's capabilities.

Contingency Reserve (25,000 ADA): A contingency reserve of 10% is set aside to account for any unforeseen costs or challenges that may arise during the project's execution, ensuring flexibility and adaptability.

The budget breakdown ensures that the allocated 250,000 ADA, along with the 10% contingency, totals to 275,000 ADA. This comprehensive budget allocation enables the successful implementation of the project, covering key areas such as project management, integration development, testing, refinement, documentation, and contingency

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

The cost of this project represents a strategic investment for the Cardano ecosystem. The integration of additional NFT standards and the creation of novel token structures will significantly enhance the Agora suite's functionality, making it more versatile and user-friendly for dApp developers. This will likely attract more developers to the Cardano ecosystem, increasing its overall usage and visibility. While the upfront cost may seem significant, the potential for boosting the network's utility and user base offers substantial value for money.

[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