We propose to develop a technical prototype of subscription NFTs on the secret network, including the necessary smart contracts and user interfaces. Subscription NFTs are a new type of digital asset that allow users to access a recurring stream of content or services in exchange for a periodic payment. This type of NFT has the potential to revolutionize the way content creators and service providers monetize their work, while also providing consumers with a more convenient and flexible way to access and pay for the things they value.
Problem
Currently, content creators and service providers have limited options for monetizing their work. Many rely on advertising or one-time purchases, which can be unreliable and inflexible sources of income. Consumers, on the other hand, often face high upfront costs and rigid payment schedules when accessing digital content and services.
Most of the service providers store information of their subscribers, which are prone to data hacks and sometimes used to gather data on the particular user
Solution
Subscription NFTs offer a potential solution to these challenges by providing a new way for content creators and service providers to monetize their work, while also giving consumers a more convenient and flexible way to access and pay for the things they value.
Since Secret Network is right now the only blockchain that has inbuilt privacy, it makes it ideal to build our project on Secret Network.
Objectives
The main objectives of this project are to:
Rewrite the base functions (EIP-721 standard functions) of current SNIP 721 to use latest version of cosmwasm (certain features of the implementation cannot be implemented with cosmwasm version being used in the SNIP 721 implementation)
Develop a technical prototype of subscription NFTs on the secret network, including the necessary smart contracts and user interfaces.
Create SDKs on frameworks like Flutter, WordPress, React and React Native to enable authentication services
Create a simple interface that enables service providers and creators to create and deploy their own Subscription NFTs and provide admin functionality
Engage with content creators and service providers to gather feedback on the concept of subscription NFTs and identify potential partnerships.
Expected outcomes
If funded, we expect to achieve the following outcomes:
A functional prototype of subscription NFTs on the secret network that can be tested and refined.
Authentication SDKs using NFTs built for Flutter, WordPress, React and React Native
A network of content creators and service providers who are interested in exploring the use of subscription NFTs to monetize their work.
Development Roadmap
We will require 4 months to complete this project. The total cost for the project we would incur is $30,000. We will have 4 devs working on this project each approximately working 20-30 hours a week.
Milestones:
Kickoff meeting and development of technical prototype (weeks 0 - 1)
Engage with potential partners and gather feedback on the project (weeks 2 - 4)
Test and refine prototype (weeks 8 - 15)
Launch project to mainnet ( week 16 )
Ideally, we can receive payments in 4 equal disbursements, one at the beginning of the grant, one after completion of prototype, another after feedback and last payment when the development work is completed.
We would be willing to consider the payment completely in SCRT
Elephas Finance
Project Description
We propose to develop a technical prototype of subscription NFTs on the secret network, including the necessary smart contracts and user interfaces. Subscription NFTs are a new type of digital asset that allow users to access a recurring stream of content or services in exchange for a periodic payment. This type of NFT has the potential to revolutionize the way content creators and service providers monetize their work, while also providing consumers with a more convenient and flexible way to access and pay for the things they value.
Problem
Currently, content creators and service providers have limited options for monetizing their work. Many rely on advertising or one-time purchases, which can be unreliable and inflexible sources of income. Consumers, on the other hand, often face high upfront costs and rigid payment schedules when accessing digital content and services.
Most of the service providers store information of their subscribers, which are prone to data hacks and sometimes used to gather data on the particular user
Solution
Subscription NFTs offer a potential solution to these challenges by providing a new way for content creators and service providers to monetize their work, while also giving consumers a more convenient and flexible way to access and pay for the things they value.
Since Secret Network is right now the only blockchain that has inbuilt privacy, it makes it ideal to build our project on Secret Network.
Objectives
The main objectives of this project are to:
Rewrite the base functions (EIP-721 standard functions) of current SNIP 721 to use latest version of cosmwasm (certain features of the implementation cannot be implemented with cosmwasm version being used in the SNIP 721 implementation)
Develop a technical prototype of subscription NFTs on the secret network, including the necessary smart contracts and user interfaces.
Create SDKs on frameworks like Flutter, WordPress, React and React Native to enable authentication services
Create a simple interface that enables service providers and creators to create and deploy their own Subscription NFTs and provide admin functionality
Engage with content creators and service providers to gather feedback on the concept of subscription NFTs and identify potential partnerships.
Expected outcomes
If funded, we expect to achieve the following outcomes:
A functional prototype of subscription NFTs on the secret network that can be tested and refined.
Authentication SDKs using NFTs built for Flutter, WordPress, React and React Native
A network of content creators and service providers who are interested in exploring the use of subscription NFTs to monetize their work.
Development Roadmap
We will require 4 months to complete this project. The total cost for the project we would incur is $30,000. We will have 4 devs working on this project each approximately working 20-30 hours a week.
Milestones:
Ideally, we can receive payments in 4 equal disbursements, one at the beginning of the grant, one after completion of prototype, another after feedback and last payment when the development work is completed. We would be willing to consider the payment completely in SCRT