Art NFTs on Ethereum are expensive to mint and trade and are "linked" to specific platform.
Cardano can be a solution and help artists.
NFT bridge will allow:
Lock original NFT from in any blockchain in a bridge contract and mint a copy on Cardano.
Expand market for artists
This is the total amount allocated to NFT bridge and mega-gallery.
Part of the bridge for Ethereum, BSC and Polygon is close to completion and is in final stages of testing now.
Router sending the information between blockchains needs 3 more weeks with testing.
Next step is to develop Cardano part, estimated at 4 weeks with unit testing in parallel with Router development.
2 weeks of integrated testing and the service is ready to launch.
So 6 weeks in total from the day starting developing on Cardano.
When the bridge is working, start developing nice and bright gallery where the migrated NFTs could be listed.
4 weeks end-to-end as art partner of the project already has a gallery, which will be used as a template to integrate crypto wallets/payments there.
Budget for a 6 weeks project:
4 additional developers for Cardano part - 72000 USD
2 dedicated testers, who will test and document results - 18000 USD
1 dedicated project assistant manager, who will help running daily scrums - 18000 USD
Bridge UI and initial gallery website - 12000 USD
Professional SEO and minimal marketing - 6000 USD in addition to already allocated private funds.
Tracking:
Plan shared 3 days from start.
Weekly report shared with the stakeholders and the community.
List of testing scripts with passed/fails status available online.
Code placed on GitHub every week.
Definition of success:
Bridge fully operational and launched. Intermediary measure not required on top of tracking steps due to short duration of the project.
Public launch:
13 December 2021, taking Fund 6 timeline into account. The team would prefer to launch 11 October 2021.
20+ years in Java/Python.
3+ years in Solidity and Web3 developing yield farms and DeFi.
4m. in Cardano ecosystem.
+ team of 5 devs.