[Grant application] NFT Factory & Marketplace project

NFT Factory & Marketplace project

Project category

Development: NFT, Market

Project Description

NFT (Non-Fungible Token) is trending to become the next big thing for the crypto space after DeFi, we believe enabling an NFT based ecosystem will be invaluable for the ICON network and now is the time. We also believe that this will generate decent organic activities and vitalize our community with a genuine use case.

The platform will have a marketplace for creators to mint NFTs, list them for sale, and gain royalties from each sale. Collectors can also direct buy from the marketplace to build their collection of interest. The NFTs can be in the form of digital collectibles, such as art NFTs. We also plan to expand the service to other forms of digital items such as crypto domain service INS (ICON Name Service).

We also envision the service to be built upon with other independent projects and add-on services. One example is an NFT based game sorare where players will buy a pack of cards with random players, and build a team to play in a fantasy football match.

Last but not least, the project will be DAO based with its own governance token, where holders can weigh in on platform development directions, community to decide what content to feature, and artist to approve etc. Here’s a reference article from rarible for token economics and distribution: https://medium.com/@rarible/introducing-rari-the-first-governance-token-in-the-nft-space-5dbcc55b6c43

Project Duration

3 months to complete phase 1

Project Milestone

Phase 1

  • Brand and token identity
  • UX/UI prototypes
  • MVP of the webApp with selling/buying feature
  • Create, buy and sell NFTs (royalties, commission fees)
  • User profile, ICONex and ledger login
  • NFT profile, gallery, and purchase history
  • Governance token, reward distribution
  • Collections, and “featured” section
  • Discussion forum
  • Discord community
  • DAO vote

Phase 2

  • Bridge login (account) and payments (deposit, withdrawal)
  • INS (ICON Name Service) NFTs
  • Tangible NFTs
  • Social features (likes, comments, share on twitter etc)

Funding Amount Requested

We’re not requiring any funds to work on this platform, we would require:

1 million ICX delegation for the duration of the project.

Official Team Name

Sharpn (to be rebranded soon)

PRep address

hx6f89b2c25c15f6294c79810221753131067ed3f8

Contact Information

hello@sharpn.tech

@LucasSharpn on Telegram

This is very close to what we envisioned, but better! Hope this gets approved :slight_smile:

Initial Review Result Comments

Review Result

Approve

Review Comments

  • We believe this project can be great to bootstrap the growth of ICON’s NFT ecosystem
  • We also think this project is synergetic with Project Nebula and INS from WalletX
  • This project has a revenue and DAO model to it so we are also excited about that

Next Procedure

ICON Foundation provided the Initial Review Result Comments on the proposal. Grants recipients will respond to the Foundation’s response. Depending on your comments, the foundation will provide the Final Review Result Comments.

1 Like

Funding Amount Requested
We’re not requiring any funds to work on this platform, we would require:
1 million ICX delegation for the duration of the project

This is really nice approach to see existing rewards from network being spent back on the network, it is unfortunate however that requires sponsorship beyond the community itself.

Good luck with your project.

2 Likes

Final Review Result Comments

Review Result

Approved

Reporting Period

Grant recipients should produce Periodic Reports in order to continue to receive grant funding. If the Periodic Report is showing that the initiative is not meeting expectations, the ICON Foundation has the option to halt continued funding. Please check the link (ICON Community Grant Program (“ICON CGP”)) and leave reports on this page (https://forum.icon.community/c/g/pr )

The team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/12/15 02:00 AM (UTC)
  • 2021/01/13 02:00 AM (UTC)
  • 2021/02/13 02:00 AM (UTC)