J

Joint NFT

A marketplace for NFT funds. Investors can invest money into any number of funds created by NFT curators. The fund tokens, reflects the profits gained from trading NFT's.

The problem Joint NFT solves

  • Curator Fees and passive investment into NFTs.
    -Curators can't monetise till they build a decentralised platform themselves.
    -Lacking the time or expertise to perform due diligence on each project, investors ask openly for suggestions from these experts

What is your solution? How does it directly solve this problem?

A marketplace where NFT curators can create custodial smart contracts (or a vault) at the click of a button. Statistics such as trading history, assets under management, number of participants etc along with the management fee will be visible to investors. Investors can invest into one or more funds in exchange for the funds tokens.

In addition, this has a discover NFT page , where people can vote for the upcoming NFT's or they think are bullish and this is displayed to all users in a ranked fashion.

Challenges I ran into

  • Opensea API's are really hard to get, I tried many different channels but the wait time is about 2 months to get it. The trading of NFT's in the project are thus simulated.
  • The NFT buying and selling from marketplaces cannot be done via smart contract. In the next version , post hackathon , will have to make a wallet management service for every fund that will place the bid/buy NFT's and transfer it to the fund.
  • Zora is the only marketplace that allows buying NFT's through smart contracts but it is not present in the mumbai testnet.

Discussion