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Encoteki

Encoteki

Encoteki uses NFTs to create a positive impact on the SEA (especially Indonesia) environment and community by offering real-world benefits to environment, community, holders, and SME partners.

Created on 13th October 2024

Encoteki

Encoteki

Encoteki uses NFTs to create a positive impact on the SEA (especially Indonesia) environment and community by offering real-world benefits to environment, community, holders, and SME partners.

Why are you participating for Based SEA?

Based SEA offers Encoteki the opportunity to merge Web3 technology with real-world environmental and societal impact. As I am also located in Indonesia as part of the SEA region, there are multiple issues regarding sustainability, environmental degradation, and social inequality. Through Base we hope that this brings transparency, efficiency, and scale to tackle the issue.

What challenges are you focusing on?

Indonesia and the SEA region have multiple environmental and community issues, ranging from endangered animals to broader environmental concerns. However, we must also focus on building rural communities to improve the lives of their residents. In addition to these issues, the market is oversaturated with non-value-adding NFTs and too many loyalty programs.

How does your submission address this challenge?

Encoteki offers tangible and transparent impacts on the environment and local communities. Encoteki NFT holders can enjoy real-world benefits and utilities, such as discounts or special prices when transacting at Encoteki subsidiaries or SME partners all over Indonesia, dividends from Encoteki subsidiaries, access to the DAO, and much more.
SME partners will also gain exposure and earn royalties from Encoteki NFT transactions. In addition to NFTs, Encoteki subsidiaries are dedicated to sustainability and the community. Through collaborations with SMEs and subsidiaries, we create a comprehensive approach to sustainability, resulting in a win-win situation for everyone involved and a lasting impact.
We also plan to integrate quadratic funding, allowing holders to create their own initiatives, thereby enabling greater transparency and impact.

Challenges I ran into

One of the main challenges we faced during the project was validating complex logic and managing the frontend state to align with the overall project flow. Throughout development, we encountered several bugs, but we successfully addressed them by leveraging Base documentation and community support. Although not every solution was immediate, these resources greatly aided our debugging process. Additionally, we have yet to fully develop a responsive mobile interface, which remains a task for future improvement.
Mass adoption remains a significant challenge, as crypto transactions are not as seamless as fiat transactions. Users need to create a wallet, transfer funds, exchange them into crypto, and complete the transaction. We aim to simplify this process with the Base Smart Wallet and Basenames, making it much more convenient for users to create wallets and access on-ramping services. This streamlines the transaction process, making it easier for users to onboard and transact.

Additional Features

Encoteki is new to Base, integrated with Smart Wallet and Basenames.

Discussion

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