not approved
FIAT 1ST HOT WALLET Method
Current Project Status
Unfunded
Amount
Received
$0
Amount
Requested
$10,000
Percentage
Received
0.00%
Solution

Utilize generated coupon codes to pair “free” NFT’s with physical merchandise purchased w/ fiat that incentivizes new hot wallet creation

Problem

General public blockchain recruiting still has many barriers to entry.

Addresses Challenge
Feasibility
Auditability

Team

1 member

FIAT 1ST HOT WALLET Method

On our website, we will be selling Barracuda Movie/NFT themed merchandise or purchase with fiat that will come with a "free" Barracuda Movie NFT.

The plan is to develop a Fiat NFT Automator (node server) that:

  1. Listens to WP orders
  2. References SKUs to NFT asset IDs
  3. References NFT asset IDs to generate a one time use coupon code
  4. API calls: on-demand print shop, sealed envelope with dynamically injected text and scratch off coating over the code
  5. Mints the NFT(s) to their newly downloaded hot wallet when they receive and enter the generated code in a specific place designated on the website.
  6. This comes after a person has followed the step by step instruction sheet we send with the physical merch pack
  7. Changes order status: fulfilled or partial fulfilled by SKU

It is a 3 pronged approach to onboarding 1st time CNFT holders:

The website will have dedicated landing pages to Cardano education and resources.

  • We will have a dedicated PPC marketing strategy and budget as well to ensure we are driving traffic to the website

We send them instructions on how to download their first Cardano wallet in order to redeem their "free" NFT with the generated code.

Educational material about Cardano, it's ecosystem, and how to be more involved will be included in the physical merch pack.

We educate the general public about the real life use cases for blockchain in the film.

New technology may have bugs.

Mail tampering could block buyer from receiving their generated code that is shipped separately.

Cardano and Plutus Software developer will need 30 days, working full time to set up:

  • Cardano Node servers that will talk to the website
  • Create the underlying coupon system
  • Create the NFT faucet that will pair the fiat 1st packages to the NFT's

The plan is for him to begin work at the beginning of May in order for a June launch on the website.

$8000 - Developer Services / Website Tech Integration and Node Server Host

$2000 - Marketing Promotions

<u>Abstract Potato</u>

Software Developer (10 yrs)

Plutus Developer

Cardano Developer

<https://twitter.com/abstractpotato>

<u>Seamoss</u>

Wellspring Agency Founder

Plutus Pioneer student

E-commerce & web analytics specialist (12 yrs)

Javascript and Python

<https://twitter.com/wellspringagncy>

Asana Project Management and Weekly Scrum meetings

At least 500 new Cardano wallets opened this year

new

close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
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