Real World Asset Tokenization Minting Capabilities in NMKR Studio

[GENERAL] Name and surname of main applicant

Patrick Tobler

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

750000

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

8

[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)

Enhancement of NMKR Studio's minting capabilities to enable seamless templatized minting of real-world assets, including fungible tokens, and to facilitate the issuance of new real-world assets.

[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 dependency

[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

NMKR Studio is partially open-sourced will be further open sourced in the future

[SOLUTION] Please describe your proposed solution.

We plan to execute the following solutions:

• Templatized Minting: Develop templates for various asset types, simplifying the tokenization process.
• UI Enhancement: Redesign NMKR Studio for a user-friendly experience, facilitating asset creation.
• Fractionalization Smart Contract: Integrate smart contracts allowing fractional ownership of assets.
• Real World Asset Issuance: Identify, tokenize, and sell at least two real-world assets on Cardano.

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

Our project will:

• Democratize asset tokenization by simplifying the process for creators.
• Expand the utility of NMKR Studio, attracting a wider user base.
• Position Cardano as a leader in real-world asset tokenization and fractionalization.
• Showcase real-world asset use cases, inspiring innovation within the Cardano community.

[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?

The project will be delivered by Patrick Tobler and the NMKR team, who have extensive experience in blockchain development and have successfully delivered several projects in the Cardano ecosystem. NMKR is a leading NFT Creation, Minting & Trading Infrastructure provider on the Cardano blockchain, with a proven history of delivering robust and reliable solutions.

The company has minted over 2 million NFTs and has worked with high-profile clients, including celebrities like Martin Lawrence and foundational entities of the Cardano Blockchain: IOHK (IOG), Emurgo, and the Cardano Foundation.

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

Templatized Minting Implementation

Acceptance Criteria: Is it technically possible to issue a standardized Real World Asset through NMKR Studio?

UI Enhancement and Redesign

Acceptance Criteria: Is it possible for users to issue a Real World Asset via selecting a template in the NMKR Studio UI? This might only be shown as a video or on a staging environment until finally released.

Fractionalization Smart Contract Integration

Acceptance Criteria: Is there a frationalization Smart Contract integrated in NMKR Studio?

Selection, Tokenization, and Sale of First Real World Asset

Acceptance Criteria: Has at least 1 Real World Asset been put up for sale using the templatized services in NMKR Studio?

Release of this upgrade to the public

Acceptance Criteria: Are the templatized Real World Asset Minting capabilities available to the public?

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

The project will be delivered by Patrick Tobler and the NMKR team, who have extensive experience in blockchain development and have successfully delivered several projects in the Cardano ecosystem. NMKR is a leading NFT Creation, Minting & Trading Infrastructure provider on the Cardano blockchain, with a proven history of delivering robust and reliable solutions.

The company has minted over 2 million NFTs and has worked with high-profile clients, including celebrities like Martin Lawrence and foundational entities of the Cardano Blockchain: IOHK (IOG), Emurgo, and the Cardano Foundation.

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

• Templatized Minting Development: 300,000 ADA
• UI Enhancement: 200,000 ADA
• Smart Contract Integration: 100,000 ADA
• Real World Asset Tokenization (x2): 200,000 ADA
• Marketing and Promotion: 50,000 ADA
• Miscellaneous and Contingency: 100,000 ADA
• Total Budget: 750,000 ADA

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

The project represents excellent value for the Cardano ecosystem by:

• Expanding NMKR Studio's capabilities, making it more accessible and attractive to users.
• Enabling the tokenization and fractionalization of real-world assets on Cardano, a valuable use case.
• Positioning Cardano as a leader in asset tokenization and demonstrating its real-world utility.
• Encouraging the broader Cardano community to explore innovative asset tokenization projects.

This investment will contribute to Cardano's growth and leadership in the realm of real-world asset tokenization, creating lasting value for the ecosystem.

[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