XFORGE: Building the ultimate mint platform for Cardano native assets, allowing creators to set up sales pages with ease.

[GENERAL] Name and surname of main applicant

Eric Tsai

[GENERAL] Email address of main applicant

eric248550@gmail.com

Additional applicants

Midas = Project and Marketing Lead

Email or contact: xforgestudio@gmail.com

[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?

No

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

We have plans to fully open-source the project. However, before doing that, it is important for us to conduct a thorough code audit and ensure its stability by eliminating any potential bugs. As a minting platform, any vulnerabilities could have a huge impact on our users since their development funds rely on the reliability and security of our platform.

[METADATA] Category of Proposal

NFTs

[IMPACT] Please describe your proposed solution.

Our proposed solution, XFORGE, addresses the existing problem of a lack of mint platforms for Cardano native assets that have the combination of these qualities: user-friendly, affordable, secure, no-code, and multi-signature. While we do have access to a variety of mint services, it is important to note that many of them have prohibitively high service fees. In addition, it is important to point out that the current operational methods for these mint platforms are quite complex for non-coding creators.

Our approach is to create a no-code mint platform that simplifies the process of minting and setting up sales pages. By removing the need for coding skills, we lower the entry barrier and make it accessible to a wider range of creators. This inclusivity is essential as it allows artists, creators, and entrepreneurs from diverse backgrounds to participate in the Cardano ecosystem and unlock the potential of their digital asset creations.

Here are the most important features that we are developing:

• Creating and minting of Cardano native assets
• Creating customizable sales page for project creators
• Easy bulk upload of files and their metadata
• Policy or project snapshot
• Token Airdrop (ADA/NFT/FT)
• NFT Image Layering and Generation with Metadata

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

XFORGE's importance to Cardano lies in its contribution to the growth and vibrancy of the NFT ecosystem. By attracting a diverse range of creators and providing a user-friendly, affordable, and secure mint platform, XFORGE enhances the richness of Cardano's native asset ecosystem. This strengthens Cardano's position as a leading blockchain for digital asset creation and management, particularly in the context of NFTs. XFORGE empowers creators, attracts a broader audience of users, and solidifies Cardano's reputation for quality, security, and accessibility in the digital asset world.

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

To measure the success of XFORGE, we will utilize these metrics:

• Number of Native Assets Minted: Tracking the adoption and utilization of XFORGE by monitoring the number of digital assets minted on the platform in a certain amount of time.
• User Feedback and Satisfaction: Collect qualitative data through user feedback to assess satisfaction with the platform, the user experience, and ease of use.
• Community Engagement: Tracking the level of engagement and participation within the Cardano community surrounding XFORGE, including active involvement in discussions, development contributions, and testing phases.

In the short term, XFORGE will attract new users, facilitate digital asset minting, and stimulate activity within the Cardano NFT ecosystem. In the long term, XFORGE will position Cardano as a hub for digital asset management, attracting more users, creators, and businesses and enhancing Cardano's productivity and growth.

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

We plan to share the outputs and results of the XFORGE through documentation, reporting, and community engagement on Twitter and Discord. These efforts aim to disseminate the project's impact and opportunities to the Cardano community.

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

AIDEV is an accomplished developer agency with a proven track record in app development on the Cardano blockchain platform. Their extensive experience and expertise in this domain have led to the successful completion of numerous applications on the Cardano network. With each app completed on Cardano, they showcase their deep understanding of the platform's architecture and protocols.

In partnership with Unbothered Wolves, we will be able to make XFORGE a great success. They were able to launch their main collection in times of bear market last year, which sold out almost instantly. Despite receiving less funding than other projects, they are able to deliver the initial development phase of XFORGE. Overall, they have a stellar reputation for producing great artwork, engaging the community actively, and delivering their roadmap.

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

The main goal for XFORGE is to become the leading platform for NFT creators. We aim to achieve this by adding new features to the platform, including token airdrop (ADA/NFT/FT), NFT image layering and generation with metadata, and more. We will measure the platform's success in becoming the go-to choice for NFT creators by evaluating user satisfaction, the number of active users, and positive industry recognition.

In summary, our main goal is to establish XFORGE as the preferred platform for NFT creators and help them deliver their goals much easier in a user-friendly and cost-effective manner.

[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.

Milestones:

1) Launch the Platform

• Key Activities: Develop minting functionality; bulk upload files and their metadata; implement collection sale features; integrate policy snapshot services. Thorough testing of all functionalities before the public launch.
• Timeline: Completion by the end of July.

Here's a quick early preview of Milestone #1

https://youtu.be/01Lywdi9eBk

2) Token Airdrop

• Key Activities: Design and develop Token Airdrop functionality for ADA, NFTs, and FTs, ensure seamless integration with the platform.
• Timeline: 3 months from the start of development

3) NFT Image Layering and Generation with Metadata

• Key Activities: Design and implement NFT image layering and generation with metadata; conduct testing and refinement.
• Timeline: 3 months from the start of development

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

Milestones:

 

1) Launch the Platform

• Deliverables: A fully functional platform with minting functionality, collection sale features, bulk upload files and their metadata, and policy snapshot services. This includes a user-friendly interface, secure transaction capabilities, and seamless integration of policy snapshots.
• Intended Outcomes: The outcome is an accessible and reliable platform for creators and users to engage in minting and selling digital assets on Cardano.
• Progress Measurement: The progress towards this milestone will be measured based on the successful launch of the platform and the seamless integration of all listed functionalities.

2) Token Airdrop

• Deliverables: Implementation of Token Airdrop functionality compatible with ADA, NFTs, and FTs. This includes the development of a mechanism for distributing tokens to targeted recipients and ensuring compatibility with different asset types.
• Intended Outcomes: The Token Airdrop feature will enable users to distribute tokens to specific individuals, groups, or wallets from a policy snapshot.
• Progress Measurement: The progress towards this milestone will be measured based on the successful implementation of Token Airdrop, compatibility with different asset types, and the functionality of the distribution mechanism.

 

3) NFT Image Layering and Generation with Metadata

• Deliverables: Implementation of image layering and generation with metadata functionality within the platform.
• Intended Outcomes: The Image Layering and Generation with Metadata feature will provide users with the ability to create their own generative collection on the platform without coding knowledge.
• Progress Measurement: The progress towards this milestone will be measured based on the successful implementation of The Image Layering and Generation with Metadata functionalities and the accessibility and quality of the user experience.

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

1) Launch the platform

• Cost: 100k ADA - This milestone is already funded and does not require an additional budget allocation. The specified amount of 100k ADA is available for covering the costs associated with the development, testing, and launch of the platform with the mentioned features.

2) Complete development for the Token Airdrop

• Cost: 65k ADA - This budget allocation covers the expenses related to the development, integration, and testing of the Token Airdrop functionality.

3) Complete development for NFT Image Layering and Generation with Metadata

• Cost: 85k ADA - This budget allocation encompasses the expenses associated with the development, integration, and testing of the NFT Image Layering and Generation with Metadata features.

Promotion and Community Engagement:

• The cost of promotion and community engagement is included within the budget allocations for each milestone. It is accounted for as part of the overall development and implementation expenses. This encompasses activities such as marketing campaigns, community outreach, content creation, and engagement initiatives to raise awareness and attract users to the platform.

Total amount asked: 150k ADA

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

As a team, we have deliberated and calculated the right amount, ensuring that the budget is proportional to the project's scope and difficulty, thereby ensuring the successful implementation of the proposed features. The cost of the project represents excellent value for 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