):
User initiates minting NFT sent to multisig address and private keys are minted (amount the user specified) NFT data is pinned to IPFS or arweave 10% of tokens are sent to Mosaic Collection address 90% of tokens are sent to user's linked wallet
Minting fNFT Option 2 (smart contract):
Contract initiated NFT locked in escrow-like contract (only unlocked with a certain number of token signatures) Tokens are minted (number input by user in website UI) 10% of tokens are sent to Mosaic Collection address 90% of tokens are sent to user's linked wallet
Selling fNFT, simple escrow contract:
Owner lists "x" number of tokens at a specified price "x" tokens are locked in escrow unless owner cancels Buyer links wallet, selects number of tokens to purchase and clicks Buy button If they have enough funds, their funds are accepted by the escrow contract. The funds are sent to the seller and the tokens to the buyer
-Use of Funds-
Funding will be used to pay team members for the initial sprint, described above.
-Definition of Success: 3, 6, 12 Months- We will assess our progress at the conclusion of each week and update our Discord accordingly. Our ask is 5000 ADA so we can give this project our full attention for at least 4 weeks. At the conclusion we expect nothing less than a working product that allows users to mint fractional ownership tokens and safely store the associated NFT. If we find we are short on time, we will delay integrating the on-website trading function since exchanging tokens can be done on a project like Polyswap or Yayswap. 3 Months
Successful launch of Mosaic Successful community channels (Discord, Telegram) of over 100 members Peer-reviewed smart contract for minting and trading 3 new hires High availability: two nines
6 Months
Full trading functionality (ideally a partnership with a Cardano DEX) Governance model being finalized 10 artist deals/releases 100 fractional NFT's processed 1,000 fractional ownership token holders A second Catalyst proposal submitted
12 Months
Full Roadmap reaching completion Staking, Pooling & Collections have been explained Full-scale marketing campaign $MOS is set to be released fairly 20 artist deals/releases 500 fractional NFT's processed 10,000 fractional ownership token holders High availability: four nines
-Risks-
Large competitors incorporate fNFT contracts into their platform. Large competitors bridge over to Cardano. Solution: Be more customizable and responsive with the community. Introduce governance & staking functionality.
-Team-
George Humphreys Lead Developer Plutus Pioneer & SPO https://www.linkedin.com/in/george-humphreys-97429a182/ Purva Gothi Head of Marketing and Community MSc in Luxury Management https://www.linkedin.com/in/purvagothi/ Wassim Nemer Project Manager MBA in Entrepreneurship & Int. Bus. Development N1c0 Wagner Advisor Co-Founder of Kleros Solidity, PHP, Python https://www.linkedin.com/in/nicolas-wagner-ab59249a/
Intellectual Property Mosaic will be open source, always.