Empowering Communities: Social Features & Forums Integration in a Cardano Marketplace

[GENERAL] Name and surname of main applicant

Chadi Nassar

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Not Incorporated)

[GENERAL] Requested funds in ada

100000

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

10

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

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Integrating user profiles, chat functions, and community forums in our Cardano marketplace to foster interaction among NFT enthusiasts and open source the development.

[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.”

Collaboration with experienced blockchain developers and community managers is essential, we are planning on talking to teams that are already developing such features and see how we can integrate their work into this project. The project will utilize open-source contributions and align with community feedback.

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

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

Post-development, the project will be open-sourced under the MIT license. This allows for broader community collaboration and improvements, enhancing platform interoperability and user experience.

[SOLUTION] Please describe your proposed solution.

Our solution aims to transform the Cardano NFT marketplace from a purely transactional platform to a vibrant community hub. We propose integrating user profiles, real-time chat, and community forums. These features are designed to foster deeper connections among users, enabling artists and collectors to share insights, showcase collections, and engage in meaningful discussions.

This approach is unique as it transcends traditional marketplace functionalities, emphasizing the importance of community building within the digital art space. By enhancing user interaction, we aim to create a more inclusive and engaging environment, thereby attracting a broader audience to the Cardano ecosystem. The beneficiaries of this solution are both current and future users of the marketplace, including artists, collectors, and digital art enthusiasts.

Our solution underscores the value of community in the digital era, contributing to the sustainability and growth of the Cardano ecosystem. It's not just about trading digital assets but about creating a space where people can connect, learn, and grow together.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

Among others:

• Strengthen community building in the Cardano ecosystem.
• Foster artist and collector engagement on the platform.
• Boost transaction volume and user interaction.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Success Metrics:

• Increased user base and transaction volume.
• Enhanced community engagement and satisfaction.
• Positive user feedback and diverse representation.

Output Sharing Plan:

• Regular progress reports and community updates.
• Beta testing feedback and user engagement metrics.

Capability & Feasibility:

• Experienced team with a track record in blockchain and community management.
• Clear milestones with defined deliverables and timelines.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Design and Development of Social Features (Months 1-3):

• Development of user profiles, chat functionality, and community forums.
• Key Deliverables: Functional design documents, completed code for social features.
• Acceptance Criteria: Features meet specified design and functionality requirements.

Testing and Integration (Months 4-5):

• Rigorous testing of developed features for reliability and user-friendliness.
• Integration of features into the existing marketplace platform.
• Key Deliverables: Test reports, integrated features on the platform.
• Acceptance Criteria: Successful integration, positive test results with minimal bugs.

Community Building & Engagement Initiatives (Months 6-7):

• Launch of community outreach programs, marketing campaigns, and user feedback collection.
• Key Deliverables: Marketing materials, community engagement reports.
• Acceptance Criteria: Growth in user engagement metrics, positive community feedback.

Monitoring and Iterative Improvements (Months 8-10):

• Ongoing monitoring of platform usage, collection of user feedback, and implementation of improvements.
• Key Deliverables: Updated platform features, performance and user satisfaction reports.
• Acceptance Criteria: Enhanced user satisfaction, improved platform performance metrics.

[RESOURCES] Who is in the project team and what are their roles?

Project Team:

• Chadi Nassar: Project Lead
• Stale: Dev Lead
• Nic: Marketing Lead

Team members to hire:

• Cardano dev
• UI/UX dev
• Full Stack dev

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

• Design & Development (Months 1-3):
• UX/UI Design: 20,000 ADA
• Backend Development: 30,000 ADA
• Testing & Integration (Months 4-5):
• Testing: 17,500 ADA
• Integration: 17,500 ADA
• Community Engagement (Months 6-7):
• Marketing and Outreach: 3,000 ADA
• Monitoring & Improvements (Months 8-10):
• Ongoing Support & Updates: 10,000 ADA
• Contingency and Miscellaneous: 2,000 ADA

Total: 100,000 ADA

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

Investing in this project promises substantial long-term value for the Cardano ecosystem. By integrating social features into the NFT marketplace, we're not just enhancing a single platform but enriching the entire ecosystem. This project aims to boost user engagement and retention, attract a diverse audience, and stimulate more transactions within the marketplace. The social aspect is expected to foster a strong community around Cardano NFTs, leading to increased visibility and adoption of Cardano's blockchain technology. The return on investment is reflected not only in immediate user growth and platform activity but also in the long-term strengthening of the Cardano community and its appeal to a broader audience.

[IMPORTANT NOTE] The Applicant agrees to Fund 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