Create and launch a custom NFT marketplace with ease.

[GENERAL] Name and surname of main applicant

Michal Urbanek

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

Entity (Incorporated)

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

3

[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)

Build an open-sourced, ready-made marketplace for general resellers, collection creators, niche industries, individuals, or web2 companies. Set up, configure, and deploy in minutes.

[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

• Front-end code will be fully open-sourced and customizable.
• The Smart Contract used is already open-sourced and audited.
• Full documentation will be provided.

[METADATA] Horizons

Marketplace

[SOLUTION] Please describe your proposed solution

Currently. the NFT industry on Cardano is highly randomized and on almost all marketplaces you find gaming, utility, defi, art, PfP, RWA, and other NFTs all mixed up together. With this solution, anyone can start marketplaces dedicated to a specific category and at the same time not draw liquidity away from current marketplaces thanks to the unique Smart Contract revenue sharing mechanism that keeps the liquidity available to anyone utilizing it for their own business.

This solution also caters to (not only!) collection creators who want to run their marketplace on their website instead of linking to an external marketplace. This helps smooth the friction between creators and collectors.

Real-world utility businesses like real estate, sports clubs, fan clubs, ticket portals, asset tokenizing platforms, and others are facing technical and financial barriers to entry. This solution removes the barriers to entry and eases the process of tokenization using NFT technology.

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

We plan to create a platform for both developers to build on and non-developers to start their marketplace business. Existing Cardano products can be integrated. 

Customizable front-end and no-code platforms will allow quick onboarding of new businesses and more competitive and better-targeted platforms for specific niche NFT areas. Cardano can become a go-to blockchain to onboard new businesses with ease once the barriers of entry are lowered to the minimum.

[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?

We are fully transparent with our business entity based in Prague, Czech Republic and we are building with guidance and cooperation with strong entities in Cardano. Since we have been through the journey and have been building a functional marketplace for over 2 years we want to spare anyone else from making the same redundant efforts and spend hundreds of thousands of dollars. Our experience in marketplace building from scratch gives us a good idea of what needs to be done and how long it will take so we can offer a ready-made product to anyone who can launch such a marketplace with their own design within a week.

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

Designing and basic documentation

• Output: Figma and PDF document.
• Acceptance criteria: Usable visual and API design.
• Evidence of milestone completion: Screenshots from Figma and PDF document provided.

Alpha release

• Output: Create a prototype of MVP including private GitHub source code.
• Acceptance criteria: Frames for code-base for MVP that can be further developed.
• Evidence of milestone completion: Github repo with marketplace's MVP (screenshots as proof).

Beta release

• Output: Further developed MVP from the previous milestone which is ready for testing.
• Acceptance criteria: All features are put in place and the marketplace can be used for testing on the Testnet site.
• Evidence of milestone completion: Publicly accessible marketplace on Testnet.

Road map and vision for further development

• Output: Marketing and feedback collecting for the next phase of development
• Acceptance Criteria: Document summarizing feedback and clear road map for this open-sourced marketplace solution.
• Evidence: Public document with all gathered feedback and next steps for further development. Project Close-out Report and Video.

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

Michal - CEO - Product management

Josef - CTO - Project manager, testing and QA

Martin - BE - Blockchain integration

Pavel - BE - Back-end build

Ondrej - BE - Back-end build

Dominik - FE - UX & Design and FE coding

David - FE - FE coding and testing

Filip - Product Design and Marketing

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

Milestone 1: 40.000 ADA

• 300 hours of UX, design, coding, and API designing.
• 40 hours overhead - Project and product management.

Milestone 2: 40.000 ADA

• 300 hours of coding.
• 40 hours overhead - Project and product management.

Milestone 3: 40.000 ADA

• 300 hours of coding.
• 40 hours overhead - Project and product management.

Final Milestone: 30.000 ADA

• Documentation.
• Project close-out report and video + feedback collecting and road-map creation.
• Marketing in and outside of the Cardano community.
• Legal and accounting costs.
• Dedicated server for the testing phase onwards for another year.

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

Building FE, BE, and SC for a brand new marketplace would have cost any new entrant 600k+ ADA and a full year of development (been there, done that) with the same issues as in any other ecosystem including Cardano -> any new marketplace with its own Smart Contract takes away the liquidity from current players and fractions the liquidity into even smaller pieces.

We will build an off-the-shelf marketplace that works so hundreds of businesses can onboard Cardano with minimum costs within a week. This is the first phase of the product to create MVP and launch on testnet. For a final product on mainnet, another catalyst with similar funding will be necessary. Let's help the adoption grow!