NFT re-minting service
Problem
All NFTs are currently created as a custom asset with 1 coin. This dissuades partial ownership and introduces reminting policy problems
Solution
Create a standardized NFT re-minter that can fix policy errors, create partially owned NFTs and trace NFT heritage
Total to date
This is the total amount allocated to NFT re-minting service.
About this idea
This can be created as a centralized service and migrated to a smart contract based solution afterwards. I am in the Plutus Pioneer Class so this will be easily done and fast in mainnet.
As a first solution create a Haskell service interfacing with dbsync and reminting tokens sent to it as described in the metadata. This will also have a small "pay by dust" component. The service in itself will run with two addresses, a payment address where the NFT holder sends their tokens and a burn address (which will be community generated) where the old NFTs get sent after they have been reminted.
Cost estimates:
Create DB Sync Haskell service with simple re-minting - 40hrs
Create and publish Smart Contract that replaces the DB-Sync service - 30hrs
Design and Implement Token Heritage Standard (followup proposal)
Cost Rate: 85€/hr
Total cost phase 1: 70 × 85 × 1.18 =7000$ (7021)
7000Team
Decades of software development experience creating web scale applications and running them.
6+ years of blockchain ops.
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