Rarety - SC based NFT drop platform
Problem
There is no smart contract based CNFT drops platform for new projects to launch.
Solution
We are developing a smart contract based CNFT drop platform that also supports trading along with royalties to support artists.
Completed outcome
Total to date
This is the total amount allocated to Rarety - SC based NFT drop platform.
About this idea
Currently, there is no such platform that enables artists to facilitate their drop with smart contracts which results in messy drops with a bad user experience for minters.
At Rarety.io, we are aiming to develop a platform that empowers artists to launch their CNFT projects with the help of smart contracts in a smooth and hassle-free manner. We are also planning to build a dedicated SC-based trading platform for individual drops which have been launched through our platform along with royalties to support artists.
Our platform will allow entertainers/influencers to be a part of the NFT creation process, from start to finish. We will assist in creating the NFT including the overall complete NFT layout, auctioning and marketing and promoting. This gives influencers and athletes a way to break into the NFT world, learn about the process along the way, and get paid for doing so.
We already have developed a functional website and are looking forward to integrating smart contracts with the help of Catalyst funds.
Roadmap:
Quarter 1, 2022:
Launch of the drop platform
1. Smart contract enabled drop and auction.
2. System to deliver physical Items that have been sold as NFTs.
3. NFT designing and marketing assistance.
Relevant Experience:
Team of six including fund six winners of Cardsec (https://github.com/SkryptLabs/Cardsec/) and Cardonex. We are also Plutus pioneers, Smart contracts, and WebApp developers. Team members have 5 years of experience in marketing and have several contacts in the sports and entertainment industry of the USA.
How does success look like:
We are aiming to launch at least 20 premium CNFT drops from the sports and entertainment industry of the USA in the first few months from our launch to drive mass adoption of Cardano and CNFTs.
Metrics/KPIs:
1. Number of drops in first 3 months from launch.
2. Number of transactions per day.
3. The total volume of ADA being traded on the platform.
4. Number of website visitors.
Budget:
1. Plutus Contract Development: 8000
2. Website Integration: 2000
Monthly report
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Progress report
Team
Team of six: fund6 funded proposers, Plutus Pioneers, Graphic designers, WebApp Developers and having five years of experience in Marketing.
