projectNEWM Marketplace Creation

[GENERAL] Summarize your solution to the problem.

We will build an integrated marketplace that will facilitate the trading and swapping of fungible and non-fungible tokens to enable a realfi solution of tradable IP rights on the blockchain.

[GENERAL] Summarize your relevant experience.

Andrew Westberg (Creator of Phyrhose, JorManager, PoolPerks, etc) leads our dev team with over 60 cumulative years of professional experience. Our legal team has over 25 years of legal experience.

[IMPACT] Please describe your proposed solution.

Due to the nature of the real life assets it has to serve the mass market. Therefore, we need a strong backend which is easily adjustable (kind of white label solution) and a polished front end (UI/UX) to serve the mass market demands.

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

We are creating an open-source marketplace with all relevant documentation for the community.

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

Too Little funding. If we require more, projectNEWM will cover the remaining costs from our reserves.

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

First Month: System Architecture

Second Month: Design (UI/UX)

Third Month: MVP Deliverable

[FEASIBILITY] Please provide a detailed budget breakdown.

$300/hr x 100 - Architecture

$250/hr x 450 - Development Time/Documentation

$200/hr x 250 - Design (UI/UX)

Remaining $42,500 will be covered by projectNEWM treasury.

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

All project members can be found at projectnewm.io

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

Yes. Maintaining open-source infrastructure requires continued capital and time.

[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?

GitHub Commits and bi-weekly kpi updates.

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

Successful Testnet implementation followed by successful deployment to mainnet.

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

It is an entirely new proposal.