The problem deFraction solves

The platform we've built is on the Ethereum blockchain and is leveraging the Polygon network, offering a unique and innovative approach to asset management and fundraising

Purpose and Use Cases:
-Fractionalized NFT Trading: Users can buy and sell fractions of Non-Fungible Tokens (NFTs), making it easier to invest in high-value assets without needing to purchase the entire NFT.
-Fundraising for Businesses: Companies can tokenize their assets or projects into NFTs and sell fractions to raise capital, providing a novel way to secure funding without traditional financing methods.
-Portfolio Diversification: Investors can diversify their portfolios by acquiring shares in various NFTs, spreading risk across different assets.
-Marketplace for Creators: Artists and creators can monetize their work by fractionalizing their creations and offering them to a broader audience.

Advantages and Simplifications:

-Accessibility: The platform democratizes access to investment opportunities that were previously available only to high-net-worth individuals or institutional investors.
-Liquidity: Fractional ownership increases the liquidity of traditionally illiquid assets like art, real estate, or collectables.
-Transparency: Blockchain technology ensures that all transactions are transparent, secure, and immutable.
-Lower Transaction Costs: The Polygon network provides faster transactions with significantly lower fees compared to the main Ethereum network, making it cost-effective for users.
-Community Engagement: The platform can foster a community of investors and enthusiasts who can participate in governance and decision-making processes related to the assets they own a stake.

We've also used technologies like Anon Aadhar and Stripe Payment Interface to improve usability.
By integrating the robustness of Ethereum with the scalability and efficiency of Polygon, this platform is poised to streamline the way we trade, invest in, and support businesses through blockchain technology.

Challenges we ran into

Getting the project to run smoothly with the unique Anon Aadhar system was a bit of a hassle in the initial stages of the project, particularly when we were still exploring ZK verification for our users.
Another major hurdle we ran into was while we were trying to display the fractional NFT share prices in real time.
Heavy API payload constantly created slowdowns which had to be resolved by increasingly optimising the code to provide the right level of smoothness in the user experience.
Integration of Polygon ZK and other newer technologies was a major learning point in the EthMumbai experience.