WottleNFT: SDGs Driven NFT Auction

WottleNFT aims to align the values of Cardano to SDGs by having the highest bidder choose the SDG and Social Enterprise that they support.

9 NUS Students

8 Full-Stack / Plutus Pioneer Developers , with experiences in IOS/Mobile dev and Security.

1 Artist / Designer

Cardano has branded itself to be a sustainable, scalable and interoperable blockchain. To continue down this path of being the "most environmentally sustainable" cryptocurrency, Cardano should further align its values and goals to the 17 UN Sustainable Development Goals (https://sdgs.un.org/goals). UN has 169 associated targets and over 5000 active actions with various sectors to build a sustainable future. UN has set a 2030 Agenda, called Catalyst 2030, that has over 39,000 full-time employees in 71 countries serving over 180 countries and has reached over 4 billion people worldwide. By aligning Cardano's values with the SDGs, Cardano will be able to connect with a vast number of corporations that are actively supporting SDGs which can in turn increase mass adoption rate towards Cardano. To bring Cardano's vision of success a reality, WottleNFT aims to do just that.

WottleNFT strives to be the first Sustainable NFT Auction Site that aims to build an interconnected ecosystem between Cardano NFTs and Social Enterprises. The reason why Cardano should work with Social Enterprises is because they are the driving forces behind SDGs. In 2020, there are more than 600 member institutions and 900 individuals working in more than 190 countries that are covering all 17 UN SDGs. The impact of collaborations with social enterprises is also shifting philanthropies by breaking down traditional silos that are interconnected, such as education, health or nutrition. If Cardano were to assist Social Enterprises worldwide, it can not only accelerate UN's progress towards achieving the 2030 SDGs goals, but will also be able to change the hearts and minds of funders to a more holistic and systemic approach towards fundings.

Tim Hanstad, a former social entrepreneur and current CEO of the philanthropic Chandler Foundation shares that "You can't effectively educate a systemically malnourished child, and by tapping into networks such as Catalyst 2030, philanthropic organisations can more effectively evaluate need and apply their respective funding strategies to the problem as a whole. This way of working is not without its challenges, but we are seeing this is increasingly accepted as the way to go in the future."

Social Entrepreneurs are fuelled by a sense of urgency and a passion to deliver an impact. There is only have nine years left to achieve the SDGs. Only by working together can we stand a chance of making a difference to the lives that matters most.

How does WottleNFT work?

The business model of WottleNFT works similar to that of a social enterprise, with a twist. On top of royalties, a portion of the auction fees that WottleNFT collects, are channeled towards social enterprises. After an NFT auction has ended, the highest bidder will get to choose one of the 17 SDG goal that he/she supports. Afterwhich, he/she will choose a social enterprise that supports that underlying SDG goal. Once chosen, the smart contract will automate the auction transaction and channels the fees towards the chosen social enterprise. Since these donations came from the highest bidder, his/her efforts will not go unnoticed. Each profile on WottleNFT will have a transparent track-record of his/her contributions to Social Enterprises worldwide. Doing so, WottleNFT will not just be an ordinary NFT Auction Site, but an interoperable gateway to connect Social Enterprises with the Cardano Community.

RoadMap

Phase 1 (May - Aug 2021)

- Ideation

- Launch of Instagram

- Launch of Twitter

- Launch of Discord Server

- Launch of Landing Page v1.0

- Launch of Staking Pool [WOT]

- Tokenomics Ideation

Phase 2 (Sep - Dec 2021)

- RoadMap

- Launch of WottleNFT Tokenomics (More details will be released soon)

- Building a global community with Social Enterprises, NFT Collectors and Creators 

- Launch of Landing Page v2.0 with Auction Testing

- Minting of Utility Tokens / NFTs

Phase 3 (Jan - Mar 2022)

- Launch of WottleNFT Auction Site v1.0

- Expanding WottleNFT Team

Phase 4 (Apr 2022 -)

- Upgrade of WottleNFT Auction Site v2.0

- Minting of Utility Tokens / NFTs

- Expanding WottleNFT Team

Funding Breakdown

Staking Pool 

- Raspberry Pis ($500)

- Set-Up Cost ($2000)

Minting Utility Tokens / NFTs 

- $1000 ($10 per Utility Token / NFTs)

Software

- AWS EC2 Instance ($120/month) -> $1200 for one year

- Dynamo DB ($40/month) -> $480 for one year

- Blockfrost API ($69/month) -> $828 for one year

- Professional Email ($21/month) -> $252 for one year (for one user)

- Typeform ($40/month) -> $480 for one year

- Domain ($1/month) -> $12 for one year

Smart Contracts

-> $10,000

Grand Total = $2500 + $1000 + $3252 + $10000 = $16,725