Last updated a year ago
VERKO: 3D & Digital Assets Marketplace, Contests, Funding Platform
Problem
The problem we aim to solve is the lack of a decentralized platform for architects and digital creators to trade and collaborate on projects securely and efficiently.
Total to date
This is the total amount allocated to VERKO: 3D & Digital Assets Marketplace, Contests, Funding Platform.
[GENERAL] Name and surname of main applicant
Fabo Hax[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
72500[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] Summarize your solution to the problem (200-character limit including spaces)
We will create a decentralized platform on Cardano for architects and creators to trade digital assets and participate in project contests securely and efficiently.
[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?
Yes[GENERAL] Please provide here more information on the open source status of your project outputs
Our project outputs will be open source, available under the MIT License. The entire codebase, including smart contracts, frontend applications, and any supporting libraries or tools, will be publicly accessible on our GitHub repository throughout the entire lifecycle of the project. We are committed to promoting transparency, collaboration, and community-driven development by sharing our code openly with the community. This will allow others to review, contribute to, and build upon our work, fostering innovation and growth within the ecosystem.
[SOLUTION] Please describe your proposed solution
Our proposed solution is to create VERKO, a decentralized platform built on Cardano blockchain, addressing the need for a secure and efficient marketplace for architects, modelers, and digital creators to trade and collaborate on projects.
We perceive the problem as the lack of a centralized platform that adequately addresses the specific needs of architects and digital creators, leading to inefficiencies, security concerns, and limited opportunities for collaboration and monetization.
Our approach leverages Cardano's robust blockchain infrastructure to ensure trust, security, and transparency in all transactions. By utilizing smart contracts, VERKO enables secure trading of digital assets, automated contest participation, and transparent fund allocation for project financing.
Our project will engage architects, modelers, and digital creators, providing them with a user-friendly platform to showcase their work, collaborate with peers, and monetize their creations. Additionally, VERKO will benefit users by offering funding opportunities for project realization, fostering innovation and growth within the digital design community.
What sets VERKO apart is its decentralized nature, which ensures fairness, transparency, and inclusivity for all participants. This aligns with Cardano's vision of creating a decentralized and inclusive financial ecosystem, making VERKO an important addition to the Cardano ecosystem.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community
The success of VERKO will bring significant value to the wider Cardano community in several ways. Firstly, by providing a decentralized marketplace for digital creators, VERKO will attract new users to the Cardano ecosystem, increasing adoption and engagement. Secondly, by utilizing Cardano's blockchain technology, VERKO will contribute to the network's growth and sustainability, further enhancing Cardano's reputation as a leading blockchain platform.
We will measure the impact of our project through both quantitative and qualitative metrics. Quantitatively, we will track metrics such as the number of users onboarded, volume of transactions processed, and growth in community engagement. Qualitatively, we will gather feedback from users to assess their satisfaction with the platform and its impact on their digital creation endeavors.
To share our outputs and opportunities, we will actively engage with the Cardano community through various channels, including social media, forums, and community events. Additionally, we will collaborate with other projects within the Cardano ecosystem to explore synergies and promote cross-platform integration. By sharing our successes and lessons learned openly, we aim to inspire and empower others to contribute to the growth and development of 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?
Based on the extensive experience and diverse skill set of our team, we are well-equipped to deliver the VERKO project with high levels of trust and accountability. Our team consists of 3 blockchain developers with over 2 years of experience in Solidity and Bitcoin Lightning development, specializing in wallet and platform creation. Additionally, we have 3 modelers with years of experience in architectural modeling and web3 applications, as well as 1 industrial engineer.
Our track record includes the successful establishment of a DAO since November 8, 2023, as evidenced by our presence on https://nexu.club/dao. This demonstrates our ability to implement decentralized governance structures effectively. Furthermore, our extensive research into blockchain technology since 2018, 2020, and 2023, coupled with our active participation in blockchain conferences and web3 networking events, showcases our deep understanding and immersion in the field.
We have established connections with the Informatics Office at the National University of Engineering and have been fostering forums within the university for years, indicating our commitment to collaboration and community engagement. Additionally, our openness to recording a DAO within the Cardano Network further underscores our dedication to transparency and accountability.
To validate the feasibility of our approach, we will conduct thorough market research, analyze competitor landscapes, and leverage our network of industry experts and academic connections. We will also develop a detailed project roadmap and conduct regular progress updates to ensure transparency and accountability to our stakeholders.
In terms of fund management, we will implement multi-signature wallets and smart contracts with strict governance protocols to safeguard funds and ensure responsible allocation. Regular audits and financial reporting will be conducted to provide transparency and accountability to our community and stakeholders.
[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?
Milestone 1: Platform Development
A: Completion of smart contracts for decentralized marketplace and contest automation. Frontend interface design and implementation.
B: Smart contracts must be functional, allowing users to buy/sell digital assets and participate in contests. Frontend interface should be user-friendly and responsive.
C: Code repository demonstrating smart contract implementation and frontend design mockups.
Milestone 2: Testing and Optimization
A: Completion of extensive testing of platform functionalities and security features. Implementation of improvements based on feedback.
B: Testing must demonstrate platform reliability, security, and efficiency. Feedback from beta testers must be positive, with identified issues addressed.
C: Testing documentation and reports, user feedback summaries, and evidence of implemented improvements.
Milestone 3: Community Engagement and Launch
A: Launch marketing and promotional campaigns. Engagement with Cardano community. Platform deployment to mainnet.
B: Marketing campaigns must attract users and creators. Engagement metrics should show active participation from the community. Platform must be accessible and functional on mainnet.
C: Project Close-out Report and Video. Marketing materials, engagement metrics, and mainnet deployment confirmation.
[RESOURCES] Who is in the project team and what are their roles?
Fabo Hax
Architect & Developer
IT Project Lead - Product Design - Frontend Development
Brian Herrera
Blockchain Developer
Backend Development
Gregoris Pereira
Blockchain Developer
Smart Contracts Functionality
Yamileth De La Cruz
Project Manager
Project Tasks Monitoring
Eric Camborda
3D Modeler / TedX Talk Scenographer
Modeler Relations
Pedro Román
3D Modeler
Artstation | X
Community Manager
Jimmy Riojas
Industrial Engineer
Soft System Management
Evelin Espinoza
Architect / 3D Modeler
UX Testing
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources
Budget Breakdown for 72,500 ADAs:
Development Costs:
- Smart Contract Development: 20,000 ADA
- Frontend Development: 15,000 ADA
- Backend Development: 10,000 ADA
- Testing and Optimization: 6,000 ADA
Platform Infrastructure:
- Hosting Services: 8,000 ADA
- Domain Registration: 2,000 ADA
Community Engagement and Marketing:
- Marketing Campaigns: 10,000 ADA
- Community Events: 4,000 ADA
- Publicity and Promotion: 4,000 ADA
Project Management:
- Project Management Tools: 3,000 ADA
- Documentation and Reporting: 4,000 ADA
Miscellaneous:
- Contingency Fund (10% of total budget): 7,500 ADA
Total Budget Requested: 72,500 ADA
This budget allocation ensures that essential project components, including development, infrastructure, community engagement, marketing, project management, and contingencies, are adequately funded within the specified budget limit, considering local prices in Peru.
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
The project's cost-effectiveness stems from meticulous cost evaluation and justification, incorporating industry standards, task complexity, and local economic factors in Perú. Our budget allocation reflects a balanced strategy, ensuring essential components like development, infrastructure, and community engagement are well-funded without excess. By prioritizing efficiency, we optimize every ADA spent, delivering high-quality outcomes while maximizing resource utilization. Furthermore, our team's expertise in blockchain development and commitment to transparency enhance the project's value for money, assuring stakeholders of responsible fund management.
Transactions on the VERKO platform will actively boost the Cardano ecosystem by stimulating activity and demand for ADA. Through digital asset trading and contest participation using ADA, creators directly contribute to ecosystem growth, reinforcing Cardano's position as a premier blockchain platform. This increased transaction volume not only strengthens the Cardano network but also fosters a vibrant ecosystem where digital creators thrive, solidifying Cardano's role in decentralized innovation and commerce.
