Creation of the ‘Crypto of Things’ and bringing non-tech and non-finance people closer to the ever growing blockchain industry.

[GENERAL] Name and surname of main applicant

Alvils Poots

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

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

Maciej Giedzinski - Co-Founder

Jesse Brooks – Co-Founder

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

Embedding crypto in real-world assets creating crypto loaded objects

for variety of purposes.

[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

Our service would be available to anyone

[SOLUTION] Please describe your proposed solution

Creation of the ‘Crypto of Things’ and bringing non-tech and non-finance people closer to the ever growing blockchain industry. Crypto, in its current form, is still “magic internet money” to many users and our goal is to embed crypto into real world assets creating crypto loaded objects for a variety of purposes.

 

Our goal is to connect Web3 and Real World assets in a tight way that has never been seen before. The aim is to have the NFT combined with any physical asset or any type of merch by a mechanism called “proof of possession”. It is a great, playful and easy way how to broaden your customer reach and for more end users to gain access to the crypto ecosystem.

 

We have planned to offer 3 options for our services. 

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

Our project will create a great link to the real world offering an easier way to reach customers.

Through our innovative mechanism called „proof of possession“ of the real world asset ,we offer a

unique gateway for interacting with different project’s ecosystems, guaranteeing sales of the real

world assets in order to use it.

We have a great opportunity to broaden the horizons of Cardano and cryptocurrencies since our

service builds a bridge between the real world and web3.

Our focus would be to:

 Bring non-tech and non-Finance people closer to crypto

 Premium quality Items connected to web3 world

 Driving sales up through participation in the booming crypto industry

 Beginner friendly explanation on how to use and connect to the often mysterious crypto

world

 Sustainable supply reduction, thus using basic laws of economics in our favor

Cardano community and Web3 in general would benefit in many ways:

Outreach: We are creating an easier start for potential users who may not have even thought

about joining the Cardano community. If they join via BabySnek, there is a high possibility that

will be eager to explore other projects and invest.

Innovation and Economic Growth: Integrating BabySnek or any other cryptocurrenct into the

real world assets fosters innovation in various ways. This innovation can drive economic growth

by creating new business opportunities, fostering entrepreneurship, and improving efficiency in

existing processes.

Empowering Individuals: We empower individuals to have greater control over their finances,

offering financial sovereignty and the ability to participate in a global economy without relying on

intermediaries. This can lead to greater financial independence and autonomy for users

worldwide.

[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?

Since we have started our project, we have always been honest and open about the process of

our work. We plan to continue to be transparent and build an even tighter trust between us and

the community.

We will continue to build by keeping the Blockchain Immutability, Decentralization, Security

and Community Engagement as our priorities.

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

Our custom made plushie launch (lockables) and listing on the webstore.

Launching other 2 types of plushies (Loadables and burnables)

Finding 1ts partner/retailer for collaborations. There are two ways on how we are able to

collaborate with them – selling our already custom made plushie or embedding crypto

into their existing physical asset

Cross chain collaborations - offering our service to other blockchain projects who are interested

in broadening their possibilities and having a real world asset

Creation of Tamagotchi game.

Connect real life assets with blockchain technology "crypto of things"

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

Maciej Giedzinski - Co-Founder / Logistics and procurement

Jesse Brooks - Co-Founder / Consultation and VC financial support

Jimmy Londo / Fred Tarasevicius - Technical and wallet / NFT Support

Gerda Poota- Retail and Crypto Sales Coordinator

Alvils Poots – Communication and Media Coordinator

Nikki Schmid – Automation Engineer, Web Developer and Artist

Kann Cakir – BabySnek Intern

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

Own expenses until now:

Website: 705,74 EUR

Physical product: 10 230,29 EUR (Trademarks, samples, plushie, box design etc)

Shipping costs: 2 808,95 €

NFT costs: 3 503,00 EUR

Software: 4807,50 EUR

Marketing: 8 820,60 EUR

Game: 8820,60 EUR

Required expenses for project development:

Website: 2672 EUR (website development, hosting, domain and webshop development, etct)

Physical product: 27 869 EUR (development of plushies, etc)

Shipping costs: 13 543 EUR (increase of demand, packaging license, delivery of boxes, etc)

NFT costs: 3 653 EUR (New designs, traits payments, etc)

Software: 150 000 EUR (development)

Marketing: 10 000 EUR (Ads, ad design, etc)

Game: 1 000 000 EUR

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

The starting costs are high, but we know it is worth the investment.

Being able to build a bridge between web3 and retail stores is the best investment there

could be since It has the potential of bringing in so many new people who can bring positive

change to the ecosystem and grow it even further. Our project has the possibility to expand

to unknow horizons since we are able to embed it into any physical asset of customers

choice.