Extended NFT Ownership models + NFT Equity stock option

[GENERAL] Name and surname of main applicant

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

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

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

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

With NFT Ownership + NFT Equity we introduce 2 new models to NFT's that allows for multiple owners of a NFT along with the option to split/sell pieces of it instead of its full 100%

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[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?

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

Open source license: Creative Commons Zero [CC0 1.0]

[METADATA] SDG rating

This proposal conforms to several of the goals, but most importantly UN SDG 1: No Poverty

If you have no money, digital identity, bank account or even a patent office in your country, you shall still be able to use this solution to earn money from your ideas, collaborate with others, set up your own business and/or organization around your effort.

[SOLUTION] Please describe your proposed solution

The reason behind this proposal is because we have found a new use-case for NFT's where they earn a revenue every time a Consumer purchase products through the published NFT with its defined Bills of Material.

In order to conform to this new use-case we need to extend the current capabilities of the NFT's around its ownership model along with allowing NFT's to be handled as a stock/share option.

Before publishing a NFT, the NFT Author is able to set Ownership model that includes multiple Authors (a collaboration) around a NFT, splitting the ownership between the Team.

I.e. Alice did most of the work and is allocated 78% of the Owner model. Bob is allocated 22% of the remaining 100%.

After publishing a NFT, the NFT Owners are able to sell parts of their NFT as a stock option

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

• The solution is part of disrupting a 200 year old rule around patents, opening up for collaboration across borders and embracing open source by introducing new incentive models to its creators.

• It will create new information channels between the Industry and its consumers, optimizing both ends of the chain, along with new information channels around actual value generation around idea sharing and collaboration.

• Lowering the threshold so everyone can create NFT’s without the technological know-how.

This will be measured through our platform once we go live with;

• Amount of Registered Users/Organizations/Companies in the solution
• Amount of new NFT's created
• Amount of Teams of collaborators around NFT's
• Amount of Value generated through the new incentive model attached to NFT's
• Follow-ups towards Manufacturer/Distributors around their use of these new information channels where the reports will be openly published

[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?

This is a solution I have been doing R&D around for the past 11 years, optimizing e-commerce and idea sharing to conform to both the undeveloped world and the industrial world.

I have proposed the solution since F3, but for F12 I have simplified it a lot to just contain the starting elements to get the train going.

In 2017, we started research on how to align it with Cardano.

In 2022, we found a new use-case for NFT's that allows for ideas and open collaboration around projects to be sold in the open space.

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

• A: Implement a functional Ownership model that extends the NFT Authors solution which allows for several Users to earn incentives from the same NFT
• B: Incentive/revenue is shared between NFT Owners each time a sale is done based on Bills of Materials connected to the NFT
• C: Transaction successful on blockchain

• A: NFT Owners are able to sell parts of their NFT as a stock option
• B: A request for purchase (demand) and a request for sale (supply) is an option when purchasing/selling a NFT
• C: Transaction is successful on blockchain, along with new UI elements on front end DApp that shows active supply/demand.

• A: Project Close-out Report and Video
• B: Present a functional DApp through the Cardano Catalyst meeting and with reports for the new data structure.
• C: It works as expected.

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

Linkedin profiles:

• Roar Holte
• Jerry Vu
• Zoey Dao
• Faizan Shaikh

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

UI/UX Design : 15,000 ADA

Code Auditing : 5,000 ADA

Backend Development : 15,000 ADA

Frontend Development: 15,000 ADA

Marketing and Promotion: 5,000 ADA

Documentation : 1,000 ADA

Project Management : 5,000 ADA

Miscellaneous and Contingency: 3,000 ADA

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

This investment will help the development of the Cardano ecosystem by creating more project founders, increasing chain usage, trading volume, and visibility; and giving founders from other chains a one stop shop to create new businesses on our chain.