Please describe your proposed solution.
There is no NFT marketplace that is dedicated to NFTs with Social and Environmentally Impacts. Socially, Environmentally and Spiritually Conscious creators who want to use their creations to help their favorite social, environmental and charitable causes have no dedicated marketplace to sell their NFTs. Buyers who are looking for Cause related NFTs have no way to know what artists stand for nor which artists are supporting their favorite Social, Environmental and Charitable Causes. Also NFTs are primarily based on artwork, and a whole wide world of creativity is available which have not yet been brought into NFT space or marketplaces.
The Solution
Create a system by which creators can designate their favorite social, environmental or charitable causes which would receive a designated amount of their revenue on every transaction. Social , Environmental and Charitable causes can feature their favorite content creators who are featured on their pages. Purchasers can identify their favorite Social , Environmental and Charitable causes and see which artists are supporting those causes, and thereby purchase from such artists. Creators from a wide array of aesthetic areas can create content. These would include art, music, poetry, spoken word, dance and many other areas.
Create a system whereby any social service project can establish transparency, trackability and auditability using the Blockchain. Every NFT can be tracked from the artist to the buyer at every stage. Its contribution to the chosen Social , Environmental and Charitable cause can also be tracked. The NFT marketplace will also give emphasis to collectives of rural artists, craftspeople, and rural communities who could use this NFT marketplace as a means of community empowerment and growth.
Current NFT collections are of low standard, and have no social or charitable value.
There is no NFT marketplace that is dedicated to NFTs with Social and Environmental Impacts. Currently NFT marketplaces are purely commercial ventures which generate revenue for their creators. Socially, Environmentally and Spiritually Conscious creators who want to use their creations to help their favorite social, environmental and charitable causes have no dedicated marketplace to sell their NFTs. Buyers who are looking for Cause related NFTs have no way to know what artists stand for nor which artists are supporting their favorite Social, Environmental and Charitable Causes. Also NFTs are primarily based on artwork, and a whole wide world of creativity is available which have not yet been brought into NFT space or marketplaces.
More on the solution
Content NFT Creators can link their work to a favorite Social Environmental or Charitable Cause
Social , Environmental and Charitable causes can feature their favorite content creators who are featured on their pages.
Social Environmental and Charitable Organizations can easily launch and host their own NFT collections.
Purchasers can identify their favorite Social , Environmental and Charitable causes and see which artists are supporting those causes, and thereby purchase from such artists.
Creators from a wide array of aesthetic areas can create content. These would include art, music, poetry, spoken word, dance and many other areas.
This market platform need to have the following categories
Artwork - Paintings, Drawings, sketches, Charcoal etchings, Photographs
Music - Songs, instrumental pieces, Lyrics, Spoken word, Rap
3d stuff like sculpture - a video, 3d representation, plan for a 3d print of the object
fashion collections, every new fashion line has an NFT line alongside every footwear, swimwear, lingerie, evening wear collection
sculptures, and welded art, and pottery, mosaics, painted glassware, bronzes, ceramics,
comedy routines, slapstick, improv, standup comedy
dancing items- people dancing, kids dancing, social dancing and ballroom dancing contests, salsa, bachata contests, hip hop contests, dance battles, band routines, dance troupes, cheerleader routines at events, dance troupe performances at concerts, gymnastics, ballet dancers, ice skating, NFTs of solo dancing, couples dancing, salsa bachata kizomba zouk and of course jive, waltz, rumba, samba, chacha, tango etc, with clips of dancers
Choral work NFTs, Ethnic music performances for each country, we get feedback on the categories of art, sculpture, music, crafts, from each country whereby we create NFT categories of each as relevant or under the above categories which are already there, we create a section for each country where people can list art/music/crafts/all above-mentioned performances under specialized country or ethnic categories.
Poetry NFTs, spoken word performances, standup comedy and any spoken word content, can be made into an NFT.
Sports commentaries of specific events can be made into an NFT - The entire commentary of the event OR a highlight moment and how the commentator captured it e,g the last 5 minutes of Sri Lanka winning the 1996 world cup, for example.
Girls laughing, boys laughing, babies laughing, gurgling, cooing, talking
Sound effects - people making unique recordings of nature sounds and man-made sounds from Animal sounds, both generic and unique
Bird sounds, Whale sounds all could be accompanied by video all over the world. - perhaps accompanied by a photo or video of the sound being generated
Sounds of couples talking love words and other romantic sounds to each other.
Children talking.
Historical audio clips - recordings of events from the past, great speeches,
Answer
Does this proposal fall within the scope of the challenge brief?
This proposal falls within the scope of the challenge brief because it sets up and lays out a system whereby multiple stakeholders are benefitted.
Creates a method where NFTs have real social, environmental and charitable value.
Creates a real time verifiable system by which any NFT can be tracked and can be sold for a designated charitable cause. ( Proposal Link here)
Benefits the environment by generating revenue for social, environmental and charitable causes.
Benefits poor and hungry, orphans, elders, disabled, low income housing dwellers, street people, stray animals, trees, forests, oceans, endangered species, biodiversity, reduces pollution, plastics, and many other causes.
Provides highly satisfying employment for the artists and everyone involved in the supply chain
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Our values:
Enabling Content Creators to benefit from their creations and uplift their favorite social environmental and charitable causes
Enable Causes to benefit from NFTs
Enabling Causes to promote and support the content creators who support them
Creating a model of Transparency and Trackability that can be implemented with any NGO, any charity, Any socially uplifting project
Enable Customers to support their favorite Content creators and Causes
Building meaningful, long-term relationships with Creators, Causes, private, corporate and NGO donors, Clients
Demonstrating professional excellence.
Empowering team-members to do their best work and be the best versions of themselves as possible.
Empowering rural artists and craftsmen and women.
How the solution relate to the challenge success (Impact)
Solution will enable rapid, systematic, ability to generate revenue for social environmental and charitable causes through NFT sales.
Transparency, Trackability and Auditability for every stage of the operation.
Creates new categories for NFTs and opens the minds to both artists and collectors as to what is possible in NFTs
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This project will add value to the Cardano Ecosystem by providing benefits to the environment, stakeholders such as artists, social environmental and charitable causes and beneficiaries. It will also be a model by which any organization can easily achieve Transparency, Trackability and Auditability
There are various Blockchain based components here. They include
The NFT marketplace allowing Creators and Causes to list and sell their NFTs and clients to buy and build up collections of NFTs.
The NFT based system to tag each NFT with a specific cause. The Smart Contract which will allocate part of the primary sale revenue and the recurring resale revenue to the specified cause.
The Smart Contract can designate percentages not just to one but to multiple causes.
The Reputation system which can be used as a badge of honor to show how a person is socially environmentally and charitably conscious. It will enable his causes to reach out to him with special offers and VIP deals, invites for conferences or special events etc.
We will calculate carbon offsets of each of our projects and sell the resulting Carbon Credits. We will do this in partnership with Block Carbon who is already a funded proposer.
Benefits to Stakeholders
Content Creators - Earn Revenue, Support their desired causes
Purchasers- Support their favorite causes, Own collectibles that rise in value
Causes- Have revenue coming in from artists' work and purchasers who support their cause.
Benefits to the Blockchain community
This will add huge amounts of goodwill to your Community and your own community members will be motivated that they can purchase meaningful NFTs from a project with so much social value and meaning. They will be motivated to hold meaningful NFTs. Media publicity will result in a huge goodwill for your community as well as sales of NFTs bringing more income to impoverished artists and artist/craftsman communities. This would result in rises in NFT value as well as increase in community members who purchase NFTs.
Carbon Credits
We have talked to BlockCarbon and will talk to any other Carbon credit blockchain companies in order to figure out the best way to obtain carbon credits for our operation.
Benefits to the Stake Pool Operator if you support this project.
This will add huge amounts of goodwill to your Stake Pool and your own delegators will be motivated that they are supporting a project with so much social value and meaning. They will be motivated hugely and delegation will rise. Media publicity will result in a huge goodwill for your stake pool resulting in increase in delegators and as a result more rewards. You can also use us to set off your carbon emissions and buy our carbon credits and support us that way. This in addition to supporting our work with some portion of your profits.
How would I measure the impact of this project?
Number of Causes onboarded
Number of Clients onboarded
Number of NFTs created per cause
Number of NFTs created per month
Number of Content Creators onboarded
Number of NFTs sold on the CNFT marketplace
<u>How this proposal meets Fund 9 Objectives</u>
Prepare a group of people willing and able to make contributions to the ecosystem.
This proposal will enable many people who want to support people who are NFT creators by buying their art, and helps creators find new clients and customers. IT also helps NGOs find suitable NFT creators and projects. These all make contributions to the ecosystem.
Turn Cardano into an open source project & attract more developers..
Making this open source would help new developers to come in and build more functionality
Build real-world solutions based on the Cardano blockchain.
This project to help various NFT projects such as Five Loaves Two Fish - feed the hungry, and as a use case to enable NGOs to get new artists. . Artists can create more work knowing theres a marketplace which helps them find new clients. Therefore this proposal is very valuable
Improve tooling to support human processes in Catalyst. Accelerate the growth and evolution of developer & app ecosystem.
Getting the right information helps build this tool to help the process of onboarding new music, artwork and other NFT types. More developers would use the code to bring new functionality to their own NFT marketplaces.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The proposal can be scaled to address future challenges by bringing on board more content creators, purchasers and Causes. It can also scale up by increasing the Categories of NFTs
Will the project have a positive impact on the Cardano system?
This project will have a positive impact on the Cardano system because it will enable a new Cause driven marketplace which will create huge positive publicity for Cardano blockchain and ecosystem. The accompanying publicity will bring more content creators onto the marketplace. . It will also have a positive impact in terms of the massive goodwill generated towards Cardano from the various stakeholders
Outcomes would be marketed through social media campaign on FB, Instagram, Youtube, TIktok as well as mass media promotion campaign through press releases, radio and TV ads, press releases to online media outlets as well as reaching out to tech groups who would invite me to talk about the project and thereby create massive awareness.
Answer
Challenges and risks relevant to a successful implementation might include how to onboard Creators and Causes in a simple and standardized manner.
More Risks and Challenges
These would include another Covid variant causing lockdowns and where Artists Craftspeople and Content creators ( sculptors etc) cannot access raw materials and dancers etc cannot have classes or go to their studios to do content creation. Or else they cannot work for some reason due to illness.
Volatility of ADA may result in our being unable to meet our budgetary expenses due to rapid fall in value of ADA. The value of ADA may go down.
It takes a long time to convert ADA into local currency as its completely dependent on Binance's P2P marketplace. This can cause slowdowns or delays in getting LKR and thereby in the project implementation.
When currency is finally converted, prices of goods and services may be different from what we budgeted because prices have increased.
How to overcome these challenges.
Create a standard template to follow with each category. Content Creators, Causes, Clients, Corporate sponsors.
How we would deal with this challenge is that we would have many alternative craftspeople who can pick up the load of work if someone is unable to do so due to illness.
One way to overcome this contingency is to add a contingency fund of about 10% on top of the total cost. Another option is to find a trusted network of ADA holders who want to increased their investment in ADA without going through Binance P2P marketplace.
Possible hurdles, challenges and difficulties include further lockdowns due to an outbreak of Covid
We will overcome this by enabling content creators to courier their work to us or use high quality cameras to photograph their work for the NFT creation