Fractionalized NFTs with Marlowe

[GENERAL] Summarize your solution to the problem.

Minting tokens with GameChanger Wallet and distributing them with Marlowe could provide an easy and auditable solution for NFT Fractionalization.

[GENERAL] Summarize your relevant experience.

Relevant Experience;

Marlowe Pioneer Program

Plutus Pioneer Program

Gamechanger Wallet Development

[GENERAL] Requested funds in USD.

[IMPACT] Please describe your proposed solution.

A more automated process of Fractionalizing NFTs could be achieved with Marlowe. And GameChanger Wallet would provide an easy way for Cardano Users to mint collections of "Fractions" of an NFT.

Using Marlowe we can have an Auditable Solution for Distributing these Fractions and a way to Assure the Original NFT is going to stay in a contract with whatever conditions the user wants to set.

Here is a concept of how this could would work shown in the Marlowe Playground.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Integrating Marlowe and Gamechanger deeper into the ecosystem by providing automated tools for the community will help strengthen our core foundations in Cardano. Open-source and Auditable tools should be at the forefront of our ideas and Community Tools.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

Fractionalized NFTs in Marlowe will have to wait for Marlowe Release, but simulations can be created and tested while we wait.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Multiple Solutions will be built out in the Marlowe Playground and be launched on testnet when it becomes available. The more tools that Marlowe can release to us, the more we can automate.

We will write a Gamechanger Script to mint multiple tokens in one transaction, and focus on ease of use for the user. We can gather user inputs using a form similar to the NFT Creator GameChanger already provides.

Snippet of GameChanger Wallet's NFT Creator

[FEASIBILITY] Please provide a detailed budget breakdown.

Marlowe Development - $3000

Gamechanger Script Development and Automation - $5000

[FEASIBILITY] Please provide details of the people who will work on the project.

Derrick Oatway - Marlowe Development - https://twitter.com/AlpineOracle -

https://adagotchi.io/

https://gist.github.com/Alpine-Oracle

Dominick Garey - Cardano CLI/Plutus Development - dagwell@dagwelldev.com

https://www.linkedin.com/in/dominick-garey-878a65117/

https://github.com/dgarey/

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

We could further automate this idea by creating tools to create the "Fraction" images. This could be part of a Future proposal after we see how users interact with the current process.

Currently this will have to be up to the user as there are so many possible ways to Fractionalize an NFT.

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

We will be collaborating through miro, trello, github and various discord channels to help identify team member and user needs throughout the development Process.

[AUDITABILITY] What does success for this project look like?

The finished product of this idea should be an automated way for the Community to build something like this. Here is a concept for an unsig to be fractionalized into 8 pieces and is what we will have in mind while building these tools.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

Using Marlowe and Gamechanger for Fractionalization is a new concept we haven't seen in Catalyst, or Cardano.