Asset Management on the Ledger
Problem
1. Currently, to launch an NFT, it requires extensive technical knowledge.
2. There are no metadata standards besides a general 721 format
Solution
1. Allow users to simply follow a form submission, varying by asset.
2. Reach legal and technical consensus on various asset standards.
Total to date
This is the total amount allocated to Asset Management on the Ledger.
About this idea
The goal of this project is to push utilization of NFTs for managing a user or organization's assets on the public ledger. Issuance of these assets should be as simple as filling out a specified form, varying in detail depending on the type of asset selected.
Business Model
Charge user 1 ₳ per asset issuance or a preferred rate for enterprise customers.
We forecast an impact of 1000 users in the first month that will generate 3000 ADA in fees, assuming the average user will tokenize 3 assets.
KPI
Development Milestones
- Set up a series of well-defined metadata standards for various assets:
- Documents (ie. Whitepapers, academic papers, legal documents, presentations, design specifications, tickets, licenses, etc.)
- Real Estate Properties
- Deploy web interface for users to automatically instate these assets
- Deploy backend to instantiate assets on the blockchain
Usage Metrics
- Issue 1000 user requested assets or collect 3000 ADA in fees
Development Notes
Progress exists on the following fronts:
Partially developed python wrapper for the Cardano node with the following functionality:
- Managing and creating "accounts" (policyIDs)
- Issuing token(s) based on pre-existing metadata file
- Feed in transaction queue
- Feed in minting queue (WIP)
Partially developed full stack solution to submit mint requests for:
- General Document
- Real Estate
- Physical Art
- Virtual Art
Integrated payment systems
- Stripe (Credit/Debit)
- Cardano transaction listener
Team
Partial development exists for: Form UI+backend (Documents, Real Estate, Art: physical/virtual) and python code to execute minting
