Please describe your proposed solution

About Plastiks:

Plastic waste in the environment is a 350 million ton per year problem and downstream collection systems and recycling infrastructure needs to be improved and, in many countries, built out.

Plastiks.io provides is a plastic waste recovery tracking platform that includes (currently the solution is built & working on the CELO blockchain):

• Verifies the recovery and recycling of plastic from the environment.
• Traces plastic waste from recovery to recycling.
• Converts the waste recovery data into PLASTIC CREDITs that ensure transparency.
• Offers companies and individuals the opportunity to sponsor plastic waste recovery.

Plastiks certifies Plastic Recovery Entities in 20 locations around the world, enabling them to issue PLASTIC CREDITs on the platform.

These entities recover and/or prevent plastic from reaching the environment. Once the plastic is recovered, they sell it to recyclers for its reintroduction in the industry or they use different solutions to give it a second life.

The focus of this proposal:

Attach an NFT to another when there is a purchase, extending the features of the NFT. Using the example of the use case of Plastiks, when a user buys any type of NFT, flight ticket, goods, or any type of product or service where an NFT as receipt, we can link Plastic credits so that each time an NFT is purchased, plastic is recovered. This case study can be applied to Carbon Credits i.e. each time an NFT, or any type of product or service where an NFT is used as a receipt and a real world asset can be attached to said NFT.

This technology can be used to link or attach any NFT, can be used for loyalty plans, memberships with extra benefits, etc.

Please define the positive impact your project will have on the wider Cardano community

Extending the usage of NFTs for different purposes, providing extra features like sustainability, but also can be used for loyalty plans, memberships, games, etc.

This will increase the number of metadata and transactions on the Cardano blockchain

It can create synergies and collaboration between various Cardano dapps collaborating and adding data points to one NFT

We will collaborate with NMKR to evaluate how to connect it with NMKR infrastructure/studio so it could serve the developer community.

The collaboration will target establishing by default the ability to link real world assets to any product of service transaction using NFTs as receipts so that the developer community will have access to the tools that allow them to create links between NFTS with the underlying goal of being able to attach metadata to all transactions whichever they may be. We will show working through a specific use case of attaching Plastic Credits to transactions.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

We do the development in-house and everything existing on the Plastiks ecosystem has been built by us. We want to bring the whole ecosystem into Cardano, including new customers that will bring more users.

To date, Plastiks has developed and deployed a fully operational plastic credit marketplace that has been validated by many customers and most significantly by the Barcelona Football Club.

The Plastiks platform is fully operational, running at 100% efficiency, enabling recycling entities to issue credits for plastic recycling. This mechanism allows both individuals and businesses to acquire these credits, ensuring the recovery of plastic and providing crucial funding to recycling entities. This support empowers them to achieve their long-term objectives and drive meaningful environmental change.

Moreover, NFC collection creators are offered a valuable avenue through Plastiks to develop sustainable collections. Each purchase of an NFC guarantees the recovery of a specific quantity of plastic, endorsing responsible environmental stewardship. This forward-thinking model not only elevates the intrinsic value of each NFC collection but also directly contributes to the conservation of our planet.

Additionally, it is planned for Plastiks credits to be purchasable with Ada and other coins within the Cardano network. This integration aims to enhance accessibility and flexibility for users, fostering a wider adoption of sustainable practices within the blockchain community. By leveraging the Cardano network's capabilities, Plastiks is set to bridge the gap between environmental sustainability and cryptocurrency, marking a significant step forward in eco-friendly blockchain initiatives.

The process of developing and implementing the marketplace was done over a period of 2 years and has been able to integrate twenty waste recovery entities in twenty different countries with Barcelona Football Club and their fans.

Additionally, work has been done to develop and deploy ecommerce tools on the blockchain to acquire Plastic Credits. Specifically, a Shopify App on CELO blockchain was deployed to allow buyers to recover plastic when buying products from any Shopify ecommerce store front.

Additionally, a subscription platform for businesses and individuals has been developed and deployed to enable small businesses and individuals to recover plastic by buying plastic credits in a recurring format with Apple Pay, Google Play or with Credit Cards.

All of these functionalities would be deployed on CARDANO.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Policy script definition and implementation in the test environment to define the link between the NFTs.

Milestone output(s)

• Onboarding to project catalyst
• Design of the Smart contracts of the protocol in Github

Acceptance criteria

• The smart contracts of the protocol are uploaded in Github with tests

Duration: 5 weeks

Milestone 2: Policy script definition and implementation in the test environment to let existing application to interact with this solution.

Milestone output(s)

• Smart contracts of the protocol in Github

Acceptance criteria

• The smart contracts of the protocol are uploaded in Github with tests

Duration: 4 weeks

Milestone 3: Create the widgets for UI and backend integration to make it plug&play (as much as possible) for other projects to use it.

Backend to handle the connectivity between the smart contracts and the UI, and deploy in the test environment

Milestone output(s)

• Backend in Typescript uploaded in Github
• UI in React JS uploaded in Github

Acceptance criteria

• The code is uploaded in Github

Duration: 6 weeks

Milestone 4: Create a simple dashboard to see the activity of the linked NFTs where everybody can see what is going on.

In the case of Plastiks the KPIs to show will be:

• How much plastic has been recovered by each NFT

Milestone output(s)

• Backend in Typescript uploaded in Github
• UI in React JS uploaded in Github

Acceptance criteria

• The code is uploaded in Github
• The dashboard show the activity of the ReFi protocol displaying the KPIs mentioned above

Duration: 4 weeks

Milestone 5: Implement the example usage for the Plastiks, so everybody can see which NFTs have been linked with Plastic credits

Milestone output(s)

• Example of usage with a real case for Plastiks

Acceptance criteria

• The application is deployed in production for the use case of Plastiks
• The Plastiks ecosystem starts using it

Duration: 4 weeks

Final Milestone: Create the documentation for everybody to use the protocol, the closing video and wrapping up

Milestone output(s)

• Documentation about the protocol
• Closing report
• Closing video

Acceptance criteria

• Documentation to use the protocol is available
• Application is live on Cardano
• Closeup video and report

Duration: 4 weeks

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

We will use the Plastiks team to work on this project because the key team members have been working together for the last three years.

Daniel Garcia, CTO, Project LEAD on all CARDANO matters.

<https://www.linkedin.com/in/danigarciaperez/>

André Vanyi-Robin, CEO:

<https://www.linkedin.com/in/andrevanyirobin/>

Raúl, Sr. Developer

<https://www.linkedin.com/in/raulvila/>

Andrés, Sr. Developer

<https://www.linkedin.com/in/andresmalopez/>

Please provide a cost breakdown of the proposed work and resources

Assumptions:

• Company hourly CTO rate: $90 per hour
• Company hourly senior rate: $75 per hour
• Company hourly project manager rate: $50 per
• Company hourly design rate: $50 per hour
• 1 ADA = 0.46 USD (current price with slippage tolerance)

Project Costs:

• Development and testing: $72.750.00
• Project Management / Documentation: $6,000.00
• Platform designs: $3,000.00

TOTAL: $81,750 = 177,717 ADA

BUDGET FOR EACH MILESTONE:

Milestone 1: $17,950 =&gt; 39,021 ADA

Milestone 2: $14,000 =&gt; 30,438 ADA

Milestone 3: $18,000 =&gt; 39,130 ADA

Milestone 4: $14,000 =&gt; 30,434 ADA

Milestone 5: $14,800=&gt; 32,173 ADA

Final Milestone: $3,000 =&gt; 6,521 ADA

No dependencies.

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

The project will be completely open source with an example of usage for Plastiks, the protocol can be used by many other projects in the ecosystem that have a customer token and want to fund collaborators while avoiding big fluctuations.

All costs represent the times and materials for the skill sets involved at all phases of the project, in order to have the Plastiks ecosystem on Cardano, bringing Plastic Credits to Cardano.

The cost of this project has been meticulously calculated, aligning with current market standards and labor cost considerations within the blockchain industry. My development experience validates that the projected timeline adequately reflects the complexity of tasks and does not exceed the realistically incurred time.

Considering that a substantial amount has already been developed, initiating this project 'from scratch' would result in significantly higher costs. The project is economically viable as it leverages existing resources and expertise, contributing to an overall reduction in expenses.

Moreover, the project brings substantial benefits to the Cardano ecosystem. It not only enhances functionality but also makes a positive impact on the community, fostering sustainability and growth. This investment ensures long-term advantages for the Cardano ecosystem, delivering benefits to Ada holders, Pool operators and DReps, and increasing the number of Open Source projects and Cardano Developers within the ecosystem.