Cardano needs to implement the NFTs to its technology and to Smart Financial Contracts of its MARLOWE platform to be a leader in said market
Implement the NFT generation function in the Cardano MARLOWE platform so that each Financial Smart Contract created has its respective NFT
This is the total amount allocated to NFT for each CARDANO Smart Contract.
Overview and objectives:
CARDANO's MARLOWE PLAYGROUND platform is an existing platform exclusively to carry out Smart Financial Contracts, with CARDANO's Blockchain and also designed to work with Blockchain in general. The proposal consists in that for each Smart Financial Contract that is created in said Cardano MARLOWE platform, its respective NFT is generated, as Property Contracts that reflect this as a new important use case of the NFTs. In other words, it is tokenize through NFT the Financial Smart Contracts that are created on the CARDANO platform intended for that and that said NFTs represent Property Contracts of said Smart Contracts created.
It is an innovative project for a new use case of NFTs in Decentralized Finance specifically in Smart Financial Contracts through CARDANO's platform "MARLOWE PLAYGROUND".
CARDANO is currently in the process of migrating NFTs from other BLOCKCHAINS to its own network, as stated by its Founder CHARLES HOSKINSON, which means that NFTs are here to stay at CARDANO.
The idea is that when someone creates an Intelligent Financial Contract on the CARDANO platform provided for it (MARLOWE PLAYGROUND: https://alpha.marlowe.iohkdev.io)) the NFT of said created Contract is also generated; as a new use case of the NFTs that reflects the ownership of the Contract and the possible future trade and valuation of the NFTS of Smart Financial Contracts. In addition, by obtaining the NFT of each Contract created, users are introduced to the NFTs and CARDANO technology.
¿Why did this project arise?
This project arises as an innovative proposal in order to contribute to the economy and the state of financial investments in the world so that a more just and equal world is possible for all. In the same way, because we are immersed in the world of trade and investment of digital assets and, in conclusion: we want to contribute to the development of CARDANO, NFTs, Smart Financial Contracts and Decentralized Finance, etc.
¿Who would create the project?
This project is proposed to be officially created by you CARDANO and the proponents of this project. As for CARDANO, we ask for all your technical, financial and any other kind of support.
The proponents of this project:
Lawyer with a master's degree and studies in Trading, Stock Market, Financial Analysis, programming student and of financial Smart Contracts on CARDANO's MALWORE platform.
Computer security specialist programmer.
NFT artist and programming student.
All proponents are multi-year cryptocurrency traders and CARDANO technology fans.
Need for existence of this project:
Carrying out this project encourages the adoption of NFTs, Cardano technology and contributes to Smart Financial Contracts and Decentralized Finance; which means to tend towards a greater development and adoption of the general and specific CARDANO ecosystem. This project is innovative, to my knowledge no one has done it yet.
Project specific details:
The deliverable digital products would be the following:
Integrate to the Cardano Financial Smart Contract creation platform "MARLOWE PLAYGROUND", the NFT generation function for each Contract created on the platform; that with said NFT the Contract for which it was generated can be consulted. Everything described must be integrated into the same MARLOWE PLAYGROUND platform.
NOTE: The NFT generation service for each Contract created in mention and all deliverable digital products must be integrated in the MARLOWE PLAYGROUND platform and not in an additional platform; to make it more accessible and practical for all users. It must also be compatible with any CARDANO NFT MARKETPLACE that is approved, funded and developed as a result of the Catalyst project in which it is participating; so that users can have that option to trade the NFTs generated in question.
The requested financing would be 10.000 USD, but it can be modified or reformulated between both parties through dialogue. It is also considered whether it is necessary to include computer development companies in the project in order to carry out the project by hiring them with the budget granted.
As soon as we have the possibility of having the resources, the project would enter the stage of full development in order to build the project with great quality and promptness; It will try to carry out the management so that by the end of the year 2021 the deliverable digital products are completed and integrated into Cardano's MARLOWE PLAYGROUND platform. However, the plans are not exempt from any reason, reason or circumstance of force majeure or technical delay and of any other nature regarding the timely fulfillment and postponement of this.
For the generation of the respective NFTs for each Smart Contract that is created as the object of this project, a small fee may be charged for the generation of said NFTs in order to fully sustain the project over time.
All participants of each Smart Financial Contract created on CARDANO's MARLOWE platform, a copy of the NFT generated by said Contract will be sent to their wallet when it is fulfilled.
Performance indicators:
The execution of this NFT integration and generation project on Cardano's MARLOWE PLAYGROUND platform for Smart Financial Contracts; It is intrinsically linked to the correct operation and good use of said MARLOWE platform, since the service will be integrated into it and the number of users who use it will depend on it.
So the first indicator to measure its execution will be to achieve a successful integration that works well and the number of its users will depend on the amount of use of Cardano's MALWORE platform, specifically on how many users create Financial Smart Contracts on said platform. The important thing is that this project will generate greater use of the financial Smart Contracts of CARDANO's MARLOWE PLAYGROUND platform and will generate more transactions and users that use CARDANO's technology.
Project feasibility and impact:
It is true that at present all kinds of digital assets are being Tokenized and we are heading towards a world where everything digital is tokenized through NFT and in this project the same thing happens, being able to tokenize Smart Financial Contracts made on Cardano's MARLOWE platform; what makes it technically feasible.
By implementing this project, it is innovating by creating a new use case of the NFTs that represent Property Contracts of said Financial Smart Contracts created in Cardano and their possible future trade; what it is looking for is a greater adoption of Cardano and its technology, as well as generating greater adoption of NFTs, the Intelligent Financial Contracts of the MARLOWE platform and Decentralized Finance.
Final thoughts:
Taking into account your comments, the requested budget was modified in the proposal finalization stage and the final requested money is USD 10,000, which is the minimum amount necessary for: a) the team making the proposal to develop the integration, b) hire external programmers to help us develop the integration, c) for the economic support necessary for the integration to last over time while it takes off, d) to cover any kind of unforeseen event that may be generated.
Our definition of success is clear: successfully achieve the integration of the proposal, at 3 months: develop the functionality of the integration, at 6 months: that the integration is in operation and at 12 months: that the project has been completed incentivized users to use NFTs, Smart Financial Contracts, and CARDANO technology, etc. The defined public release date is December 2021.
The proponents of this project are very committed to working to make this project a reality, we have great appreciation for you CARDANO and we want to carry out this project with you and receive all your financial, technical and support of all kinds.
¡THANK YOU SO MUCH AND MAY GOD CONTINUE BLESSING YOU!
10000Magister lawyer, programming student and Smart Contracts. Computer security specialist programmer. NFT Artist and Programming Student