Please describe your proposed solution.
Our proposed solution is a Multi-chain NFT Marketplace & Launchpad with Staking, designed to address the challenges faced by creators, investors, and collectors in the NFT space. We perceive a lack of interoperability, limited funding opportunities, and a fragmented market as key problems.
Outline of the process for project milestones and fund release within the launchpad:
Milestone Planning and Community Approval
- Milestone Definition: Every project applying to the Launchpad is required to present a detailed roadmap with clear, achievable milestones and associated costs for each stage of development.
- Community Oversight: Once submitted, these milestones and cost breakdowns undergo community scrutiny and approval. Community members review, discuss, and vote on the proposed milestones, ensuring transparency and aligning interests between project creators and investors.
Funds Release Mechanism
- Successful NFT Sale: Upon the successful conclusion of the NFT sale and achieving the desired fundraising goal, the raised funds are securely held in escrow.
- Milestone-Based Fund Release: As the project progresses and reaches predetermined milestones, project creators request fund releases tied to these achievements.
- Community Voting: For each milestone, community members who participated in the initial sale are invited to vote for or against the fund release. This democratic process ensures accountability and guards against misuse or non-compliance with project commitments.
- Released Funds: Funds are released only upon a majority consensus vote from the community. This step-by-step release of funds as milestones are met ensures accountability and incentivizes project teams to meet their commitments.
Impact and Transparency
- Enhanced Trust: The milestone-based funding approach fosters trust within the community, providing investors with transparency and assurance that their contributions are tied to tangible project progress.
- Community Engagement: This participatory model encourages active involvement of community members in the project's success, fostering a sense of ownership and collaboration.
- Mitigating Risks: By linking fund releases to verified project achievements, the Launchpad significantly reduces the risk of scams or rug pulls, protecting investors' interests and the integrity of the platform.
The Launchpad's milestone-based funding mechanism, coupled with community oversight and engagement, forms a robust framework that promotes transparency, accountability, and success for projects while safeguarding the interests of investors and contributors.
Birble.store will integrates a milestone-based funding mechanism into the Multi-chain NFT Marketplace & Launchpad. This ensures accountability by releasing funds to project creators only upon achieving predetermined project milestones. By smartly linking funding to tangible progress, it prevents scammers and rugpullers from deceiving investors by providing transparent checkpoints, enhancing trust, and ensuring project delivery.
Our approach is to leverage the power of multiple blockchains, offering seamless access to a wide range of NFTs and funding opportunities through a user-friendly platform. We will engage with artists, creators, investors, and collectors, fostering a vibrant community and facilitating collaboration.
The uniqueness of our solution lies in the integration of multi-chain functionality, providing users with expanded options and a diverse selection of NFTs. The inclusion of a launchpad and staking feature will further enhance engagement and participation in the ecosystem.
The benefits of our solution extend to various stakeholders. Creators will gain broader exposure, increased funding opportunities, and simplified access to multiple blockchain networks. Investors will have a curated selection of high-quality projects and staking options to generate passive income.
Collectors will enjoy a diverse marketplace and the ability to engage with their favorite artists directly.
This solution is important to Cardano as it aligns with the ecosystem's goals of interoperability and sustainability.
By providing a seamless experience for NFT transactions and funding opportunities, we contribute to the growth of the Cardano community and enhance its reputation as a leader in blockchain innovation.
Collaboration with Mehen Stable Coin Developers for Plutus Contract Development
Birble AI is proud to announce a strategic collaboration with the exceptional team behind the development of the Mehen Stable Coin, a notable project from Catalyst Fund 10 within the Cardano ecosystem. Leveraging their expertise and track record in successful Plutus contract development, we're entrusting them with handling the Plutus contract implementation for the Cardano segment of our Multi-chain NFT Marketplace.
Birble Core Team for EVM and RUST Contract Development
In tandem with this collaboration, our dedicated Birble Core Team will oversee the EVM and RUST contract development. Drawing upon our team's proficiency and experience in these domains, we aim to ensure a comprehensive and seamless integration of various blockchain technologies into our innovative marketplace.
This strategic collaboration combines the strengths of both teams, ensuring the highest standards of contract development across multiple chains within our marketplace. Through this partnership, we are committed to delivering a robust, secure, and efficient platform that enhances the Cardano ecosystem and offers unparalleled opportunities for creators and investors.
<https://www.youtube.com/watch?v=NaHMJpOjV-k>
Ethereum TestNet Version / POC (Goerli) https://birblenft.web.app/
Smart Contract: https://goerli.etherscan.io/token/0xa092049f064f392432d5873484048b7ff2b2e599