The problem NFTx. solves

• According to Outlook India, 44% of Indians don’t understand how cryptos/NFTs work.
• A global survey by US-based blockchain technology firm ConsenSys and the UK-headquartered market research firm YouGov has revealed that 17% of Indians believe cryptos/NFTs to be speculative assets and 20% believe them to be scams.
• Most people surveyed find it difficult to invest in NFTs because of the complexity of the process.

🛠️Our Solution

NFTx is an easy and smooth NFT minting platform, which requires a minimal understanding of the blockchain ecosystem. It allows you to mint any NFT over any of the 16 chains we offer. It allows you to use the power of Generative-AI to create your unique NFTs.

🥽Functioning and Workflow

• The platform is designed to be user-friendly and accessible to individuals from all backgrounds, regardless of their technical expertise or knowledge in the field.
• The platform is powered by Stable Diffusion, an AI technology that generates unique NFTs based on user preferences.
• Users can select from a wide range of options to customize their NFTs, including the type of NFT, the details of NFTs to be minted, and the blockchain network to be used.
• The platform uses cutting edge NFTStorage by Filecoin for generating Metadata for the NFTs.

🤨Why NFTx?

In the current landscape of a rapidly expanding crypto industry and the continuous development of the Web3 ecosystem, there is a pressing need to simplify crucial transactions. This is crucial in order to foster increased user engagement and participation.

It is important to strike a balance between public perception and understanding of Web3 technology, as well as the intricacies involved in actual processes and trades within the crypto market.

By leveraging AI technology, an NFT Minting platform has the potential to streamline complex trading tasks into simple, efficient actions that can be performed with just a few clicks.

Challenges we ran into

• Writing Solidity smart contracts for Polygon Mumbai was really a heft task, and took a major chunk of our effort.
• Learning and understanding Typescript to incorporate Solana into our project.
• Using Stable Diffusion's API from Hugging Face and integrating it.
• Generating the Metadata & handling the simultaneous API call to Filecoin & then to Verbwire has a tedious task.