🇻🇳 Vietnam Cardano Catalyst - NFT Exchange testing and development environment helps young people approach with the Web3.0 platform

[GENERAL] Name and Surname of Main Applicant

[GENERAL] Email address of Main Applicant

Additional Applicants

Son Nguyen

Email: son211204228@lms.utc.edu.vn

TienTung

Email: tung211200893@lms.utc.edu.vn

Tien Dung

Email: dung201200061@st.utc.edu.vn

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

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

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

[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.” .

This is independent project

[GENERAL] Will your project outputs be fully Open Source?

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

This is open source project

[METADATA] Category of proposal

[IMPACT] Please describe your proposed solution.

Solution:

• Creating MVP NFT Marketplace allows users to easily access, experience web3.0 based on Cardano Blockchain platform, create monetization opportunities and ensure safety, transparency and accuracy for users.

My project will provide users with some features:

• Users can protect their intellectual product by registering copyright.
• Users can list their intellectual products on the NFT marketplace MVP to buy, sell (transfer ownership rights). And rest assured that they will still be credited as the authors of those intellectual products because the transaction history records them as the initial owners of these NFTs, even though they no longer have ownership rights.

When users want to purchase any intellectual product, we have several options for everyone:

• Before considering purchasing a digital product from another marketplace or buying from current owners, you can verify and track the ownership rights of the product through our digital product ownership tracking page. This will allow you to verify the origin and transaction history of the product, helping you determine its authenticity. If you directly purchase a product on our NFT Market MVP, you will have access to the product's transaction history.
• Users can also sell their ownership rights to the product, and it will be directly listed on our NFT marketplace MVP. 

Communication strategy: 

• We will conduct some discussion online to the community to share about our project, and hire media KOL for this Dapp.
• We will build Youtube channels, Facebook, Tiktok to advertise about our dApp test. 
• We believe that with communication strategy our project will be interesting and used by many people and will gradually replace web traditional.

Our team has conducted research on how to make the project approach to users. Therefore, any user, even those with limited knowledge or academic background in blockchain technology, can still use and interact with it easily.

This project is important for the Cardano Community because it will bring for Cardano a large number of people to the Cardano network.

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

Our solution directly solves the worrying challenge of many people: 

• Promoting awareness and education:
• Educate and provide knowledge about Blockchain technology, NFT, web 3 to people.
•  Protecting intellectual products property rights:
• Verify intellectual property rights helps prevent illicit activities on their intellectual products
• Giving people peace of mind in ensuring that they are the rightful authors
• Executing secure transactions:
• The transaction process will be more transparent than conventional transactions because they have to verify everything about the product like product information, transfer history, and transaction details
• When users have clear knowledge of the origin of a product, it helps build their trust during transactions and also prevents them from mistakenly purchasing counterfeit or ambiguously-sourced products.
• Promoting creativity:
• The owner will receive a royalty fee each time ownership of the product is transferred. Therefore, it will be a motivation for passionate and confident users to create intellectual products.
• This goal will help users generate a small income through intellectual property later.

Benefits for Cardano:

• Provide a platform trial: Our platform will bring user experiences to perform services such as mint NFT, buy and sell NFT exchange for users to gradually approach web 3.0
• Users participation: By providing web 3.0 experiences we will attract more people to the platform
• User’s positive feedback: Our platform will satisfy many people's need to experience and access Web 3.0 so that they can leave positive feedback about the platform and the community.
• Develop community: Our platform aims to provide web 3.0 experiences from creating NFTs to buying and selling NFTs. Users will have a practical experience, and gain more knowledge about Web 3.0, attracting users to join the community to expand community development.

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

We will base on the criteria: 

• Platform User participation: Number of users participating in using the platform
• Services provided to users: Number of NFTs minted, number of transaction history retrievals, ownership verification of NFTs coming from users
• Community feedback: The number of user feedback is one of the important factors to evaluate the success of the project but the user feedback will provide us with the quality of our service, and the evaluation of the features that the service provides. services we provide, and suggestions for us to improve our products.
• Develop community: The number of people who know about and join Cardano through our platform.

In short, by the criteria that we set, we are sure that our project will soon be successful.

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

Plan to share output and results of project:

• Works on GitHub: GitHub is an environment where project code is stored, where team members can work together without working directly with each other, saves a lot of time for members, and can be public for everyone to see and measure our progress written in the proposal. Each weekend, the tech lead summarizes what the team members have done and will publish it on GitHub so everyone can follow our progress.
• Implement the marketing campaign, and product advertising. 
• Implement promotional events, and discounts on services provided to users in order to attract users to the project.
• Create videos posted on social networking platforms such as Facebook, youtube, and Twitter to serve as documents to introduce and guide users to use the platform's functions.

The output of the project:

• If this proposal is funded and successfully completed the project. The product we launched is a dApp test that helps solve people's problems: securing the copyright of intellectual products, making transactions on the Blockchain more reliable, and becoming an easy-to-use, user-friendly dApp, and attracting many students.

• In addition, we will spend a part of the money received to market and advertise the project to users. Our first target audience will be people community (This is the largest part of users, this department has the easiest and fastest access to technology, and quickly grasps the most opportunities and trends in technology. so the project will quickly reach the department.)
• Currently, many people in Vietnam community still do not have much knowledge about Blockchain technology, NFT, web3, Cardano community, we will conduct a number of discussions, and seminars to share knowledge and disseminate to everyone. We used to be popularized, shared, and inspired by this, and now we want to continue spreading the word so that the community grows.

Next development direction:

If this project is successful, it will serve as a foundation for the team to develop and expand its scope, toward the people in Vietnam. This is also a topic that people in Vietnam are interested in and expect products that can solve their life issues.

• Deploy the platform to a production environment: Run dApp on mainnet network for Cardano. 
• Expand service: Expand the NFT Marketplace by providing additional services and new features. For example, you can create a tool that allows users to create their own NFTs from various types of assets like images, videos, music, and even open-source code.
• Cooperate with artists and brands: Build relationships with artists ,brands, and pioneers in the NFT field to create a strong community and attract users. Organize digital art exhibitions, online events, or collaborations to develop unique products and introduce them to the community.
• Expansion into new fields: Explore new application fields for NFT technology, such as education, real estate, sports, or music. This can open up new business opportunities and attract potential partners.
• 
  

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

Here are some pieces of evidence showcasing our capabilities to execute the project:

• Expertise and Experience: Our team members include one professional as an instructor, with several years of experience in the Blockchain field and success in funding calls in fund phases 6, 7, and 8. Additionally, There are 3 students who have experience working on and developing the Cardano blockchain. They have programming experience with languages such as Haskell, Plutus, Python, PHP, Java, etc. They also have experience participating in research projects to build applications on the Cardano blockchain platform.
• Some of reports for our activities in scientific research :

+ Report 1: https://s.net.vn/gBBa

+ Report 2: https://s.net.vn/xT9b

+ Report 3: https://s.net.vn/D97p

• Transparent Governance and Communication: We believe in maintaining transparency throughout the project lifecycle. We will establish clear communication channels to keep stakeholders informed about project updates, progress, and challenges. Regular reports and updates will be shared to ensure transparency and accountability.
• Financial management: Effective fund management is extremely important. To demonstrate responsible fund management for a project, we will follow the following steps and procedures:

+ Budget planning: We will develop a detailed budget plan outlining the allocation of funds for each milestone and activity of the project. This plan will be shared with stakeholders for review and approval.

+ Financial control: We will establish strong financial control measures to ensure that funds are used in accordance with the approved budget. This includes maintaining accurate records, implementing cost monitoring mechanisms, and conducting regular audits.

+ Escrow services: To enhance trust and accountability, we may engage the services of a reliable third-party escrow provider. This will ensure that funds are released based on achieving predetermined milestones and defined outcomes.

+ Transparent reporting: Regular financial reports will be prepared and shared with stakeholders, providing visibility into the project's financial status. These reports will include details on costs, income, and any deviations from the budget.

+ Compliance and legal considerations: We will adhere to all legal requirements and regulations pertaining to financial management, ensuring proper governance and compliance throughout the project.

By combining our expertise, transparent management practices, financial control, and a commitment to open communication, we are confident in our ability to deliver the project with a high level of reliability and accountability.

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

We have several goals:

• Developing the dApp test: The main objective is to develop a dApp test platform that allows individuals to validate their intellectual products. Additionally, they can engage in transactions, buy and sell, and earn additional income from their intellectual products. This fosters the creativity of students in Vietnam.
• Enhancing user experience: Designing an intuitive interface that is accessible and user-friendly for everyone. This objective is a crucial qualitative goal for long-term success.
• Attracting users to experience the platform: Increasing the number of users extensively utilizing our products.

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

• Technical verification: The team will conduct rigorous protocol testing to ensure smooth operation of the platform. This includes testing smart contracts.
• User testing and feedback: We will perform user testing to gather feedback on the platform's usability. We will actively seek input from individuals, analyze their experiences, and make necessary improvements based on their feedback.
• Continual improvement: We are committed to continuously improving the platform based on the results of technical verification and user feedback. This iterative process will ensure that the platform meets the needs and expectations of its users.

• Market analysis and validation: We will conduct market analysis to assess the demand for marketing solutions on the platform. By analyzing market trends and people's needs, we can validate the feasibility of the approach in meeting the requirements to address people's issues.
• Iterative development: Our development process will follow an iterative approach, expanding the scope across the entire territory of Vietnam to gather feedback. Additionally, we will continuously validate and adjust our approach throughout the project's lifecycle.

Regarding the implementation of our approach, we will leverage our expertise in blockchain development and smart contract programming to build the dApp platform. We will adhere to best practices in software development, conducting rigorous testing to ensure security and scalability of the platform. Regular user feedback and testing cycles will be utilized to iterate and improve platform features and user experience.

In deploying our approach, we will leverage our expertise in blockchain development and smart contract programming to construct the dApp platform. We will adhere to best practices in software development, conducting thorough testing to ensure both security and scalability of the platform. Regular user feedback and testing cycles will be employed to iterate and enhance platform features, as well as improve user experience.

You can follow the data flow of our web system model for the future in here:

https://app.diagrams.net/#G1xx1IfRhXEC_3tlMpxTruOyhr2ZRLpuh9

[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: Project Initiation and Planning ( 1 months )

• Conduct research on Cardano ecosystem and market.
• Conduct analyst goals, requirement of user
• Define dApp infrastructure and architecture
• Develop wireframe, sitemap và design UI, UX for user interface
• Identify project team members and assign roles and responsibilities.

Milestone 2: Platform Development and Testing Phase 1 ( 1 month )

• Develop smart contract
• Frontend Development ( develop user interface )
• Develop backend ( integrate API, design database, ...)
• Design UI, UX for the platform ( design platform, interview and finalize )

Milestone 3: Platform Development and Testing Phase 2 ( 2 months )

• Develop smart contracts ( develop royalty distribution system )
• Develop backend ( Develop modules: login, register, create and manage auction, statistics, ... )
• Frontend Development ( develop user interface )

Milestone 4: Documentation and Launch Preparation ( 1 month )

• Deploy the platform to a production environment 
• Interact with the community through social networks, forums and events
• Collect user feedback and contributions
• Create a BUG BOUNTY program.
• Monitor platform usage and make improvements.

Milestone 5: Finalize Product Launch and Operating( Ongoing )

• Improve user experience
• Mining feature based on user feedback
• Improve and secure problems

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

Milestone 1: Project Initiation and Planning 

Deliverables: 

• Completed project plan, including user goals, requirements.
• Define the technical architecture and infrastructure for dApps 
• Develop wireframes and design prototypes for user interfaces.
• Assign tasks to members 

Outputs: 

• Project plan documents. 
• Architecture and infrastructure 
• Duties and responsibilities of each member.

Intended Outcomes: 

• Define the project scope and implementation plan. 
• Team members are assigned clear roles.

Milestone 2: Platform Development and Testing Phase 1

Deliverables:

• Frontend Development ( develop user interface )
• Develop backend ( integrate API, design database, ...)
• Design UI, UX for the platform ( design platform, interview and finalize )
• Develop smart contracts with user interfaces to enable interaction between buyers and sellers.

Outputs:

• Smart contracts according to the initial criteria 
• Friendly, beautiful user interface 
• Test reports and documentation. 

Intended Outcomes:

• Complete the foundation blueprint 
• User interface design 
• API integration, foundational database design

Milestone 3: Platform Development and Testing Phase 2

Deliverables:

• Develop smart contracts ( develop royalty distribution system )
• Develop backend ( Develop modules: login, register, statistics, ... )
• Frontend Development ( develop user interface )

Outputs:

• Smart contracts according to the initial criteria 
• Friendly, beautiful user interface 
• Test reports and documentation. 

Intended Outcomes:

• The platform operates
• Test report documents

Milestone 4: Documentation and launch preparation

Deliverables:

• Prepare comprehensive documentation, including installation instructions and user manuals. 
• Develop video tutorials on installation and instructions for using the platform
• Create brochures and website content 
• Prepare for launch, including setting up storage infrastructure and deploying on testnet network 

Outputs:

• Platform installation and usage documentation (PDF)
• Video tutorials 
• Brochures and website content
• Set up storage infrastructure and deploy

Intended Outcomes:

• Users can interact with an attractive user interface. 
• Extremely easy-to-understand documentation and video tutorials
• Ready-to-launch promotional materials and marketing strategies
• Users can test our platform 

Milestone 5: Finalize Product Launch and Operating

Deliverables:

• Implement features based on user feedback 
• Improved user experience
• Maintenance and improvement of the platform

Outputs:

• Features based on user feedback 
• Make sure the platform runs smoothly 
• Enhance user experience 

Intended Outcomes:

• Make sure the platform runs smoothly
• Improve user experience through community feedback

To track the progress of the project, the following measures can be used:

• Works on github: GitHub is an environment where project code is stored, where team members can work together without working directly with each other, saves a lot of time for members, and can be public for everyone to see and measure our progress written in the proposal. Each weekend, the tech lead summarizes what the team members have done and will publish it on GitHub so everyone can follow our progress.
• Time milestones: Monitor the completion of milestones and tasks within the specified timeframes to ensure timely progress.
• Deliverable completion: Assess the completion of deliverables set for each milestone to evaluate progress and adherence to project objectives.
• User feedback: Gather feedback and opinions from users at different stages of the project to understand satisfaction levels, usability, and areas for improvement.
• Community engagement: Monitor community engagement through social media, forums, and events to assess interest and participation in the project.

By monitoring these measures, the project team can assess progress, identify areas for improvement, and ensure that the project is on track to achieve the expected outcomes.

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

Budget:

• Research Costs: 1500 ADA
• Development Costs: 12850 ADA 
• Infrastructure and Hosting: 1000 ADA 
• Marketing and Interacting Community: 5000 ADA
• Operating: 4150 ADA
• Project management Costs: 7500 ADA

Total Costs: 32000 ADA 

You can see the details of our budget: 

https://docs.google.com/spreadsheets/d/1-Eh5uJtQw8ScN_-kxirxnw099d3R417U/edit#gid=1964447701

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

• The personnel costs for this project are based on the average salaries in Vietnam and have been reviewed and approved by experts to ensure their appropriateness for the project.
• The budget includes funds allocated for personnel, platform development, and hiring experienced experts to provide high-quality results.
• The costs are based on industry standards and reasonable compensation rates, taking into account the average salaries and freelance work rates in the digital art and technology field.
• The goal of the project is to provide resources and opportunities to promote the creation of intellectual products and their development within the Cardano community. By aligning the costs with these objectives, the budget ensures efficient allocation of resources and maximizes the impact of the project.

[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.