NFT Store Builder

[GENERAL] Summarize your solution to the problem.

An NFT Store builder will allow artists to create their store from the ground up in minutes with pre-built components and no coding knowledge.

[GENERAL] Summarize your relevant experience.

We built Tangocrypto Software as a Service (https://www.tangocrypto.com) providing a Cardano API for blockchain data and NFT minting. We are the developers of cardano-wallet-js (https://github.com/tango-crypto/cardano-wallet-js) and operate the stake pool TANGO. 

[IMPACT] Please describe your proposed solution.

NFT artists have to rely on third-party NFT marketplaces to sell their NFTs. This approach has several benefits because they can use a service that has proven to work. Still, it lacks personalization and restricts the artist from having their brand and providing a customized buying experience. 

The other option for an artist is to hire a minimum team with a web designer and a web developer and pay for the hosting services. This approach can provide the best user experience. Still, it usually incurs extra costs, delays and failures during launch due to the popularity of the collection and an improper assessment of the needed infrastructure. 

In the artistic world, experience, authenticity and craftsmanship are the paramount goals; that's why we want to provide the artist with everything they need to launch a successful NFT collection with a personalized experience for their buyers. And that's NFT Store builder, a platform for creators who want to expose their art in a truly unique way while keeping it simple by dragging and dropping components and customizing templates. Our aim is to lower the entry bar for everyone in the NFT space with this platform. Artists will be able to create and customize their store from the ground up in a matter of minutes, without any upfront cost and coding knowledge required.

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

Our solution addresses the challenges above. Artists want to create their personalized storefront to sell NFTs without relying on developers; they want to employ time in their art and community. 

By integrating the storefront builder into NFT Studio, the NFT project creators would have the right tool to fast-track their collection launch. More NFTs creation & transactions will happen on the Cardano blockchain, which will help boost the chain's usage and adoption among NFT creators.

To measure the success of our project, we estimate the growth of our NFT studio community along with the platform's growth. This growth is reflected in key metrics such as the number of collections created, the number of storefronts published and the number of NFTs sold. We will regularly communicate the project's progress through our social channels and community groups. 

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

To guarantee success for this project, we anticipated several risks and challenges which we’ll be going through below:

Risks and challenges: 

• The current market leader in the Cardano NFT landscape is NFT Maker-pro and they can develop something similar. Big players joining the Cardano NFT space like NFTically and NiftyKit.

Risk mitigation: 

• We will constantly release new features that make our platform the most compelling choice for users. Launch marketing campaigns and partner with artists. 
• Focus on improving our platform's core strengths, intuitive UI/UX, customizable features and direct customer support. We will create easy-to-digest video tutorials, specially created for people with no coding background. 

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

Month 1: 

• NFT Studio integration.
• Custom domain.
• Banner designer.
• Highlight section designer.
• Collection designer.
• About us designer.
• Roadmap designer.

Month 2:

• FAQ Designer.
• Privacy policy designer.
• Terms and conditions designer.
• Footer designer.
• Design and implementation of 5 default templates.
• Sitemap.xml editor.
• Robots.txt editor.
• Favicon editor.

Month 3:

• Random sale and specific sale of NFTs.
• Payment in Ada with wallet integration.
• Manage revenue.
• Royalties support.
• Payout group using Multisig.
• Integrated marketing measurement tools ( Google Analytics, Facebook Pixel, etc)

Our user growth milestones will be:

• By end of Q1 2023
• 20 stores created
• 100 000 NFTs sold

• By end of Q2, 2023
• 30 stores created
• 150 000 NFTs sold 

• By end of Q4, 2023
• 60 stores created
• 300 000 NFT sold

[FEASIBILITY] Please provide a detailed budget breakdown.

We'll need the following:

• 1 Product Manager/Solutions Architect ($5000 x3 month: $15000)
• 1 Backend Developer: ($5000 x3 month: $15000)
• 1 Frontend Developer: ($4000 x3 month: $12000)
• 1 Designer ($4000 x2 month: $8000)

Total estimate: $50000

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

Product Manager & Solutions Architect: Javier Toledo Cordova

Professional solutions architect with more than 10 years of experience in technology, specialized in software architecture and cloud computing. Started his career as a network architect designing data center networks and now focuses on cloud architecture and product design.

Linkedin: https://www.linkedin.com/in/javiertc

Email: javier@tangocrypto.com

Twitter: https://twitter.com/javiertc86

Sr Full Stack Developer: Leobel Izquierdo

Software Engineer with a Bachelor's Degree in Computer Science and over 7 years of experience in the Software Industry. Working for the past year with blockchain technologies like: Ripple, Ethereum and Cardano.

Linkedin: https://www.linkedin.com/in/leobel-izquierdo-30b96086

Email: leobel@tangocrypto.com

Twitter: https://twitter.com/leobelizquierdo

DevOps: Manuel Morejon Espinosa

Cloud Engineer and Docker Captain, passionate about Cloud-Native Architectures topics and more than 10 years of experience. Has technical and communication skills to help teams to improve their workflow and to reduce deployment times. The goal is always to maximize productivity by minimizing errors. Enthusiastic about teaching and sharing the knowledge with the Community.

Linkedin: https://www.linkedin.com/in/manuelmorejon

Email: manuel.morejon.85@gmail.com

Twitter: https://twitter.com/morejon85

Front-end developer: Juan Manuel Menendez. Senior Front End Developer with over 8 years of experience in software development.Advanced experience in JavaScript, Typescript, ReactJS, Apollo GraphQL, CSS, HTML, NextJS, Responsive Web Design, NodeJS, OOP and Functional Programming. Familiar with VueJS, Angular and common practices like Scrum, Git, Continuous Integration, and Testing.

Linkedin: https://www.linkedin.com/in/juan-manuel-menendez

Email: juanma@gmail.com

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

TBD

[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?

Please describe how you will measure the progress and the development of the project?

We will report our development and user growth on our social media channels (Twitter, LinkedIn, medium and Youtube).

All stores created and transaction volume on Cardano chain data can be shared within Cardano NFT communities on a quarterly basis.

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

Become one of the major revenue generators for artists in the ecosystem. Reaching 60 stores and minting 300 000 NFT in 2023 will look like a success for this project.

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

Is a new one.

Sustainable Development Goals (SDG) Rating

TBD