The problem NFTile solves

NFTile addresses the problem of limited ownership and engagement with assets held within DAO Treasuries. Currently, DAO treasuries provide only symbolic ownership, which means that members cannot directly interact with or hold a tangible portion of the assets in the treasury. This can result in a diminished sense of connection and involvement within the community. We solve this by enabling NFTs in a DAO treasury to be turned into divisible and individual fractional NFTs. Instead of merely holding shares or tokens that represent a proportional amount of a DAO's treasury, members can now own an actual piece of it. As per Dune Analytics, over $50 million worth of NFTs is held in DAOs and multisigs. Integrating NFTile would unleash a tremendous amount of untapped potential in this space. For example, if there is an NFT that a DAO bought, the members of that DAO would receive a proportional fractional amount of that NFT.

Challenges we ran into

The development of the smart contracts was relatively straightforward, with the main challenges being the logic behind divisible NFTs and the multisig/DAO integration. However, most of the obstacles emerged during frontend development, such as issues with hooks, rendering errors, and other common frontend challenges when starting a new project. Initially, we relied heavily on WAGMI hooks for contract interaction, but eventually found the traditional ethers.js approach to be more effective.