Please describe your proposed solution
We, at the NFT Guild, believe that NFTs are currently the best available technology for the representation of property. Regardless if the property represented by NFTs are artworks, collectibles or real world assets (RWAs), the fundamentals of the technology are the same, and the potential applications and use cases are almost limitless. When coupled with Cardano, their potential to revolutionise how property is recorded, in almost every aspect of society becomes clear. That’s what motivates us to continue building around the technology of NFTs, even though the hype cycle has ended, and especially to try and create easy to use, but powerful solutions that are freely available to anyone.
Much of the existing Cardano NFT services and infrastructure are centered around financial aspects. Marketplaces, lending protocols, staking platforms and statistics websites are all focused on the financial aspect. However, most NFTs are primarily digital collectibles, not financial products. Yet there are almost no services built specifically with collectors in mind. We aim to provide comprehensive and complex swapping templates that any creator can easily deploy with our 1-click deployment solution.
This proposal builds upon our successful completion of Phase 1 of the "Open-Source NFT Swap Infrastructure Templates" project (<https://projectcatalyst.io/funds/8/f8-open-source-development-ecosystem/nft-swap-infrastructure-templates-1>), funded in Cardano Catalyst Fund 8, and the almost completed Phase 2 (<https://milestones.projectcatalyst.io/projects/1100202>). In Phase 1 & 2, we delivered specific token swaps and random swaps from a community pool. We exceeded our initial objectives by creating a user-friendly, one-click deployment system for swap pool smart contracts, empowering even non-developers to participate. In addition to the smart contract templates we also open sourced the entire dApp code and the UI templates.
Now we aim to significantly enhance these existing open-source templates with advanced features and capabilities, transforming the swap experience for both creators and collectors.
The enhancements that we want to develop are:
For Collectors:
Collector Album: Gamified completion tracking with customizable templates to encourage collection growth and user engagement.
User Swap History: Detailed records of all swaps, including received and given NFTs, for informed decision-making and provenance tracking.
NFT-Specific Swap History: Track the complete swap history of individual NFTs within a collection.
Rewards and Recognition: A system of badges and achievements to incentivize participation and foster community.
Subcategory Random Swapping: Ability to specify desired NFT subcategories (e.g., rarity) during random swaps for more controlled swapping.
For Creators:
Easy Swap Fee Setting Directly in the Admin Panel: Directly set swap fees within the admin panel, when a new swap pool is created, for streamlined pool management.
Activity Dashboard: Comprehensive analytics on pool swap activity, user activity, and transaction volumes for data-driven insights.
Create Swap Pools for Multiple Policy IDs: Enable the creation of pools that allow for the swap of NFTs from 2 or more policy IDs. This will require the creation of new smart contracts, and can work with both the policy-wide specific swap and random swaps pool.
Our solution stands out due to its open-source nature, encouraging collaboration and community-driven development within the Cardano ecosystem.
It prioritizes both creator and collector needs, providing tools for customization, analysis, and engagement by expanding upon a proven foundation of existing open-source templates, ensuring a robust and reliable solution.
The advanced templates will provide the tools to build more engaging and dynamic NFT communities, offer greater transparency, control, and incentives for participation. They will encourage experimentation with new swap mechanics and utility within the space.