not approved
Enhancing Access to Token and NFT Analytics: Proposal for Upgrading Wallet Analytics Functionality
Current Project Status
Unfunded
Amount
Received
₳0
Amount
Requested
₳214,666
Percentage
Received
0.00%
Solution

Developing a NPM library and backend infrastructure for real-time NFT and token analytics for wallet infrastructure, enabling accurate and comprehensive market information.

Problem

The existing Cardano wallets lack comprehensive built-in token and NFT analytics capabilities relative to alternative blockchains, posing a significant limitation for Cardano users.

Feasibility
Value for money
Impact / Alignment

Team

1 member

Enhancing Access to Token and NFT Analytics: Proposal for Upgrading Wallet Analytics Functionality

Please describe your proposed solution.

Our proposed solution involves developing a comprehensive NPM library for NFT and token analytics in the Cardano ecosystem. We believe the unique value proposition is for individuals to have access to this information readily available in their preferred Cardano wallet without having to navigate outside to a 2nd or 3rd party application. This library will enable developers to extract, process, and present real-time data about NFTs and tokens from multiple sources including the blockchain itself, marketplaces, and decentralized exchanges. Furthermore, we plan to establish a robust backend server infrastructure to support data queries. This infrastructure will be freely accessible for those who prefer not to maintain their own. The aim of this initiative is to make essential market information easily accessible to all users, thereby fostering informed decision-making and boosting the value and utility of NFTs within the Cardano ecosystem.

To be more more specific, The libray will enable information as requested by the community including: NFT and token price charting, aggregation of data across multiple marketplaces, floor prices, wallet holders, number of NFTs, rarity, recent sales, trait value, utility description, trading insights. This is not an exhaustive list but examples of information that will be provided within libraries.

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our proposed solution directly addresses the challenge by offering a robust and versatile toolset for NFT and token analytics in the Cardano ecosystem. The libraries we aim to develop will fill the existing gap, enabling projects to easily fetch, analyze, and present essential market data to their users. This unprecedented access to real-time information will empower users to make informed decisions, thereby enhancing the overall engagement and activity within the ecosystem.

The benefits to the Cardano ecosystem are multifold. First, it will enhance the transparency of NFTs and tokens by providing essential information such as price, transaction history, and holders. Second, it will lower the barrier to entry for new and existing projects, as they won't need to build analytics tools from scratch.

Third, having analytics provided directly in the individuals preferred Cardano wallet provides a superior and efficient user experience. Individuals will not need to navigate outside of the wallet to digest information related to their assets.

Lastly, it will foster an informed and active community, a crucial factor for the long-term growth and sustainability of the Cardano ecosystem.

How do you intend to measure the success of your project?

The success of our project will be measured by the following KPIs:

  1. The successful development and launch of our libraries and backend server infrastructure, which will be validated by the completion of all milestones and tasks in our roadmap.
  2. The number of Cardano projects utilizing our analytics tools, a high adoption rate will indicate the effectiveness and usefulness of our solution.
  3. The number of users utilizing the analytics tools, a higher usage rate will indicate success of the analytics proposal.
  4. Level of Satisfaction, feedback from the Cardano community and developers. We aim to achieve high satisfaction rates, which will reflect the value our solution adds to the ecosystem.

Please describe your plans to share the outputs and results of your project?

We will be using a combination of methods to ensure that the outputs and results of our project reach as many stakeholders as possible.

Open Source Code: As a fully open-source project, our code will be available on GitHub, making it accessible to developers across the globe.

Documentation and Tutorials: We will create comprehensive guides and tutorials explaining how to use our tools and navigate the libraries and backend infrastructure. E.g. Medium, YouTube.

Active Communication: Regular project updates will be posted on our website and shared across our social media platforms. We also plan to engage with the community on platforms like Twitter, Telegram, Discord, Medium, YouTube.

Live Demonstrations/Webinars: To provide hands-on experience and direct interaction, we will host live demonstrations or webinars showing the use and integration of our tools.

What is your capability to deliver your project with high levels of trust and accountability?

GeroWallet, the team behind this project, has a proven track record of delivering high-quality projects within the Cardano ecosystem. Our expertise and deep understanding of blockchain technology, combined with our commitment to transparency and open communication, make us highly capable of executing this project.

Our team is composed of experienced professionals in their respective fields. Kostas has over 30 years developing in web2 and for developing on trading platforms with 2 years on Cardano. Shawn has a masters degree in human factors with previous experience working in silicon valley for several tech companies. Chris has a master’s degree, previous experience as an adjunct professor instructing cybersecurity courses and several years working in the security industry. Jason is a veteran designer with prior experience designing for notable companies such as Apple, HBO, and Coinbase. Team blurbs and links to LinkedIn are below.

We have successfully launched many milestones into production over the course of the last 2 years.

Notable but Non-exhaustive list of successful milestones

  • Founding member of the Cardano DeFi Alliance
  • Emurgo DeFi Course first cohort Instructor
  • Non-custodial Cardano wallet web extension
  • Non-custodial Cardano wallet android application
  • Non-custodial Cardano wallet Apple application
  • Gero Media Player- Play audio NFTs directly in your wallet
  • The first mobile Cardano DEX aggregator functionality
  • ADA wallet staking functionality
  • ADA wallet Hardware wallet support (Ledger, Trezor)
  • ADA wallet multi-asset sending functionality
  • Store, send, view, Cardano NFTs and CNTs directly in the wallet
  • GERO Cardano node stake pool operations
  • 2 successfully sold out NFT policies
  • In-wallet Fiat on-ramp integration

This project will be guided by the same principles of trust, accountability, and excellence that we have adhered to throughout our work in the ecosystem. Our team is known for adhering closely to our roadmap, and delivering on expectations in web2 and on Cardano. With our history and prior experience we are confident approved proposals will be completed by or exceed milestone expectations.

What are the main goals for the project and how will you validate if your approach is feasible?

The primary goal of this project is to create libraries and backend server infrastructure that simplifies and democratizes access to real-time analytics for NFTs and tokens on the Cardano network. The project seeks to empower Cardano projects to provide their users with easy access to information about price, holders, recent transactions, and historical data.

Feasibility will be validated through several key indicators:

  • Successful completion of all development stages outlined in our roadmap.
  • Adoption and usage of our tools by other Cardano projects.
  • Our solution is solving a real problem and is user-friendly, we expect it to be adopted by a significant number of projects. Positive feedback, and community engagement are strong early qualitative signs of feasibility. Long Term, library integration and individual usage are objective measures of the proposals feasibility.

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Project Planning and Design (Month 1)

Tasks:

Define, align, and lock in the requirements and specifications for the libraries.

Develop a detailed project plan and timeline.

Begin architectural design of the libraries.

Complete foundational research

Develop happy path user journeys

Prototyping

UX Research for community testing + feedback

Milestone 2: Development of Core Components (Months 2-4)

Tasks:

Translation of designs

Build the back-end systems to gather and compile data from various sources.

Develop the front-end libraries to fetch and display the data. E.g. charts, information architecture, data aggregation.

Start of initial testing and debugging of components.

Milestone 3: Testing and Improvement (Months 4-5)

Tasks:

Intensive QA testing and debugging of the libraries.

Conduct a third-party security and performance audit.

Refine and improve the libraries based on feedback and audit findings.

Qualitative testing for community feedback

Iterations for technical bugs and UX Research insights

Milestone 4: Launch and Documentation (Months 5-6)

Tasks:

Develop comprehensive documentation and usage guides.

Launch the analytics solutions for public use.

Monitor and address any post-launch issues.

Adjust and iterate changes as needed

Fix less common bugs, issues

Share open sourcing documentation

Wrap up Catalyst milestone requirements

Milestone 5: Maintenance and Updates (month 6-Post-Project)

Tasks:

Continue to update the libraries based on user feedback and changes in the ecosystem.

Monitor and maintain the back-end infrastructure.

Ensure the libraries stays up-to-date with the latest Cardano developments.

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Project Planning and Design (Month 1)

Deliverables: Comprehensive project plan, including a clear set of requirements and a roadmap.

Outputs: Detailed specifications for the libraries, initial architectural design.

Intended Outcomes: An actionable plan to guide the development process, and a clear direction for the analytics design. Proof of concept, working prototyping, and community feedback and insights.

Milestone 2: Development of Core Components (Months 2-4)

Deliverables: Basic working versions of the backend systems and the front-end libraries.

Outputs: Code repositories for each component, regular progress updates.

Intended Outcomes: The foundational structure of the libraries in place and ready for initial testing and refinement.

Milestone 3: Testing and Improvement (Months 4-5)

Deliverables: Completed, tested, and refined version of the libraries.

Outputs: Testing reports, list of identified and resolved issues.

Intended Outcomes: A robust and reliable library that provides accurate and up-to-date information.

Milestone 4: Launch and Documentation (Months 5-6)

Deliverables: Fully functioning analytics solution, comprehensive documentation, and usage guides.

Outputs: Release notes, published documentation, live analytics for NFTs and FT directly in Cardano wallets.

Intended Outcomes: An easily accessible and usable libraries for all Cardano projects, leading to enhanced transparency and decision-making in the ecosystem.

Milestone 5: Maintenance and Updates (Post-Project)

Deliverables: Regular updates to the libraries, ongoing monitoring and maintenance.

Outputs: Update logs, maintenance reports.

Intended Outcomes: A continuously updated and reliable library that adapts to the needs of the Cardano ecosystem.

Please provide a detailed budget breakdown of the proposed work and resources.

Image file

Who is in the project team and what are their roles?

Core team:

Lead Developer- Kostas Bastas Kostas has over 29 years of experience in IT duties across a broad spectrum of team sizes varying from Technical Support, Domain Administrator, DBA, and Full stack Developer. He is a hands-on, technical team leader with experience in designing, developing, and engineering dynamic web and intranet applications for a wide variety of financial institutes. After being introduced to blockchain Kostas quickly realized how the future will be defined by DeFi and he is currently using his vast experience to develop and lead the new generation of decentralized Web3 wallets.

Lead Design- Jason Forrest Hogg Jason aims to articulate principal values and develop creative ideas enveloping film, vfx, and motion graphics. I enjoy expressing these ideas through experimentation as well as rational theory, and believe that culture requires a strong visual voice which draws from modernist tradition and contemporary aesthetics. Jason has prior experience Working for Coinbase, Charli3, Apple, and many more.

Founder/UX/Operations- Shawn Roller Shawn has a master’s of science with a background in applied psychological research, as well as professional UX experience working on site for Google and NASA. In 2015, he discovered bitcoin mining. Since then he has contributed to the crypto community by combining his psychology background, user experience expertise, and passion for blockchain. Today, Shawn is focused on bringing decentralized finance to the masses for both new users and experts.

Security/Operations- Chris Chiras Chris is a cyber security engineer with more than 8 years of professional experience. He has a master’s degree in Information Security and in Business Administration. Through his career, Chris was involved with large scale enterprise projects and trading platforms with focus on security hardening and countermeasures. He is a strong believer and supporter of blockchain technology and is applying his innate passion for security to the blockchain and DeFi space.

Advisory:

Advisory- Andrew Westberg Andrew has over 20 years experience in the software development industry. In the past, he has worked for fortune 500 companies like Caterpillar, Nike, and Walmart. Today, he works on or provides technical guidance to projects in the Cardano ecosystem.

Advisory- Dylan Todd Dylan was on the ground for the blockchain reformation in Wyoming, functioning as an integral part of the WyoHackathon and Wyoming Blockchain Stampede. He was previously a member of the strategy division at IOHK, and brings experience in digital marketing, market research, and product strategy.

How does the cost of the project represent value for money for the Cardano ecosystem?

The requested 187,308 ADA for this project represents value for money in several ways:

High Impact: The proposed solution will significantly enhance the functionality and user experience for all projects in the Cardano ecosystem that work with NFTs or tokens. Long term, this can potentially impact hundreds to thousands of projects and millions of users. Short term it will allow projects to scale by integrating the librariesand focusing on other priority milestones.

Savings for Developers: By providing a ready-to-use solution, we save time and resources for developers who would otherwise need to build these tools from scratch.

Strengthening the Ecosystem: Our libraries will not only bring immediate benefits but also contribute to the long-term growth and strength of the Cardano ecosystem. More high-quality projects and a better user experience will attract more users and developers to Cardano.

Fully Open Source: As our project will be fully open source, it can be further developed and improved by the community, maximizing its value and longevity.

Given the high potential impact and benefits, we believe that our project offers excellent value for the investment.

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