Icmarket

Inspiration

Buying NFT through the DAO model makes blue chips no longer a dream.

What it does

The first version of the project was released after the completion of the Beta, and will be followed by the implementation of a multi-protocol, which will be available to users in the IC ecosystem, and will allow artists to create, collect, and trade properties in the Icmarket.

How we built it

We built it through motoko, Rust, and Typescript.

Challenges we ran into

Challenges:

Our goal is to make NFTs not a single collectible, but a DAO for creation and collection, and to give NFTs more attributes, such as derivatives, pledges, mortgages, and other open markets for NFTs with multiple attributes.

Accomplishments that we're proud of

Gaining grants

Accumulated users in the first month: 4000

After releasing the first multi-currency version of the marketplace, the cumulative PV exceeded 200,404, cumulative users exceeded 7,440, DAU: 280-350, average user dwell time 12 minutes.

What we learned

Through nft trading logic, we found out more business models and application scenarios of nft, and through nft derivatives, auctions, and games, we can enrich the way of playing nft.

What's next for ICmarket

We are currently building Phase II: adding promotions, blind boxes, personal creations, auctions, NFT pledges to the market, improving the existing storage and business logic separation to avoid the storage cap problem caused by upgrades, adding subDAO purchases and creating subDAOs.

Phase III: Add audio, video and podcast NFT capabilities to the marketplace, add collateral lending, subDAO collaboration, and add an online museum of NFT+ metaverse;

Phase IIII ( Q4-2022): explore more diversity and possibilities of NFT, after ICP and ETH complete cross-chain, access to NFTs of different public chains, in the final stage of ICmarket, we will make some temporary changes according to user needs and market changes, so as to make the product fit the market and create a real NFT market, in the future it is completely Built on top of IC, it is a real Web3.

While the ICmarket is gradually maturing, we believe that IC will be available by the end of 2022, IC has gradually realized the cross-chain interaction of Bitcoin, Ethereum, Cosmos and other public chains, and we want to realize the interaction of Web3 between Cosmos through IC, because we see that in the two years from 2020 to 2022, Cosmos SDK as the underlying implementation of a lot of good public chains and projects. The rapid iteration and elimination mechanism of blockchain makes more and more public chains stop at the initial value, we believe that IC is the infrastructure of Web3 and GameFi in the future, we are aiming at "fun", it is an infinite game, we are expecting more participants and collectors to join the IC. We are expecting more participants and collectors to join the IC ecology.

Built With

• motoko
• react
• rust
• typescript