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Welcome to the Stacks Foundation Grant Program. Community members interested in submitting a grant proposal may do so by opening an issue in this repository and filling out the grant application.
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Digital Twin NFTs #735

Closed MarvinJanssen closed 1 year ago

MarvinJanssen commented 1 year ago

APPLICANT

Type:                                                                        Direct Application

Email:                                                                    marvin at lightlabs dot sg

Discord:                                                    

Twitter:                                                        @MarvinJanssen

Stacks Forum:           

GRANT BASICS

Grant Name:                                        Digital Twin NFTs

Total Budget:                              96,000

Total Duration:                 1,500

Grant Type:                                               Open Source Dev Repeat Grantees

Grant Track:                                          Stacks dApps & Clarity

Grant Goal:                                               Create New Technology

Grant Audience:             Developers

Specific Audience:         NFT communities, artists, creators, brands, businesses, developers, and entrepreneurs.

Grant Team:                                       @MarvinJanssen, @friedger (after residency), @EnzoMeertens, @kikigramm19, @louiseivan, @pengowen123

Previous Grants:                      Ryder v1 and Clarity Innovation Lab

Ecosystem Programs:      My team was part of Stacks Accelerator cohort 2

GRANT MISSION, IMPACT, RISKS & REFERENCE

Grant Mission:         Digital Twins are NFTs that are permanently linked to physical counterparts. They allow for transparent ownership and proving ownership of real-world items easily. Digital Twins make this possible by utilizing special low-cost NFC tags compatible with all modern phones. The owner simply scans the tag to claim the NFT. If the object is later sold on a secondary market, the new owner scans the object which causes the NFT to move from the seller to his or her wallet. (Scan-To-Own.)

What makes Digital Twins unique is that they function in a completely decentralized fashion. Unlike previous "physical NFT" projects that utilize conventional NFC tags or QR codes that link to a central website. Instead, Digital Twin tags produce a cryptographic signature that cannot be falsified. It is this signature that triggers the NFT transfer in a Digital Twin smart contract.

Digital Twins are designed to truly merge physical & digital experiences for the first time. This is our first step toward building a real-world metaverse and a full-circle digital economy. No ecosystem has seen such a platform, which means it is not just a first for crypto but also for Stacks. The community will benefit as it allows anyone to create such NFTs on the Stacks chain and build novel experiences on the technology.

Grant Impact:               - At least 2 Stacks Community NFT projects launched a digital twins collection.

Grant Risks:                          The main challenge for us is integrating the tags with web3 applications as it obscure and tough to set up. However, we feel confident in our ability and have had some early success in preliminary experiments. The project also depends on Stacks 2.1 features: any delays will affect the project.

Support Link:                                     The link shows a very early demo of a physical object with a digital twin attached. The NFT in question is transferred via a BNS name. Comments and retweets show interest. https://twitter.com/Ryder_ID/status/1582330062149365760/retweets/with_comments.

GRANT ROADMAP & DELIVERABLES

MILESTONE 1:

Deliverable:                   Digital Twin SIP009 Clarity smart contracts and Stacks web app

MILESTONE 2:

Deliverable:                   Cross-platform mobile application, documentation, SIP document

MILESTONE 3:

Deliverable:                   Digital Twin Tag Functional Specification document

FINAL DELIVERABLE

Deliverable:                   Two NFT communities launch a digital twin collection (tags provided by us)

stacks-foundation commented 1 year ago

👋 @MarvinJanssen
Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates.
Best, Will

nickgamma commented 1 year ago

NFTs will inevitably bridge the gap between the digital and physical worlds; it would be great to see Stacks at the forefront in this area. +1

louiseivan commented 1 year ago

Evolving Bitcoin NFTs beyond the hype and pure speculation is the next logical step for the Stacks ecosystem to take in order to contend with other flourishing NFT ecosystems.

While we can't deny the fact the sound basis valuation of purely digital NFT projects, we should still acknowledge that current NFT projects launching are derivative and unoriginal, which will lead to decreasing user retention which is happening now. As the 'Physical' NFTs or scan-to-own are still nascent as web 3 category, the ecosystem has a significant opportunity to unlock more value and win.

This new concept will lead to various innovative solutions not just for brands, creators, and artists but also for developers to build more use cases for Bitcoin NFTs.

DuskaT021 commented 1 year ago

This will get mass adoption and will be a standard! 👍 +1

nocodeclarity commented 1 year ago

This is not only the future but the now! Bullish. +1

Alisammour commented 1 year ago

This is awesome @MarvinJanssen @louiseivan love the concept video showcasing what the IRL experience is like. Allot of ways for us to co-support and add value through the tooling we're providing with the droplinked libraries and repo's.

R35H commented 1 year ago

I love this idea as I have always believed that NFT has to move away from just "art" and what @MarvinJanssen & @louiseivan are proposing here is surely moving in the right direction. What is interesting is that developement here will also likely benefit other products/projects that is already on Stacks such as NeoSwap and I know from reading John Ennis tweets, they are preparing for such a future where NFT linked to products/assets in real life can be traded on the platform. This is certainly the way forward.

G1ne commented 1 year ago

100% Supported as this is something we are currently exploring with an NFC provider and will help to enhance/ease the experience for both developers and owners. Need to connect and catch up with you guys @louiseivan @MarvinJanssen

Scarlett-Web3 commented 1 year ago

I think you have an interesting project. If you haven't already gone through the Stacks Web3 Startup Lab, I would like to invite you to apply.

Here's a 5-minute read on how we can help you turn your startup idea into an investment-ready startup: www.web3startuplab.io

If you are interested, you can apply through the "Apply Now" button.

Feel free to ping me on email: scarlett@stacks.ac

will-corcoran commented 1 year ago

Hello @MarvinJanssen

Thank you for the application and for your patience with the grant review process. We did a thorough review of all of the applications (each application received an average of 6 reviews from members of the Grants Review Committee).  However, after much consideration, we decided not to fund any of the Cohort 19 grant applications as we did not feel they aligned with critical priorities core to the development of the Stacks blockchain.  

We invite you to please read this blog post we authored to help elaborate on the reasoning behind this decision and clarify the current mission of the Grants Program.

Thanks in advance, Will Stacks Foundation Grants Program Manager