Fortnite. Just kidding. The original idea involved utilizing NFTs to their greater potential. A large majority of NFTs today are digital assets, and we feel this technology is being greatly under-utilized at the moment. One of the many ways NFTs can be used to benefit the way we think about transactions is digitizing physical assets - imagine if you could take your car's VIN number, transform it into an NFT, and use the blockchain to securely rent it out. Or digitize assets such as your rental properties, and use this technology to manage your real estate. This on top of intangible assets - think intellectual property, patents, copyrights, branding. This service allows for greater transparency and security of buying, selling, and lending of physical goods as well as digital. Done correctly, we believe this idea can be revolutionary. The use cases are only limited by your imagination!

What it does

NFT Anything allows users to create NFTs directly on our platform, by using any type of data, and put them on a marketplace where other users can rent and borrow these assets for a set period of time, via cryptographically secure loans and provable ownership of that data. By enabling people to create NFTs out of anything, it makes the possibilities endless - any type of time-limited transaction is now possible, and users can have the peace of mind that their assets will be securely returned to their ownership when the time is up, thanks to the Stellar blockchain.

Our service ensures transparency and safety by implementing co-signers on the digital assets being lent out. The borrower gets the asset the moment they submit payment, and the asset is automatically brought back when the time limit is up.

We also used the Twilio API to connect to our backend and send SMS notifications for when an NFT is create and/or rented out and returned.

How we built it

NFT Anything is built on top of a Flask backend and React frontend. Through the use of Stellar APIs, we were able to convert both digital and physical assets into non-fungible tokens (NFTs) that are stored on the blockchain. Stellar was an ideal platform to launch off of as it provides immediate and transparent data.

Challenges we ran into

Most of our team was fairly new to cryptocurrency and blockchain technologies, so learning it from the ground up was definitely a challenge. Most of our time was spent figuring out how to create digital wallets, create NFTs, and perform transactions on the Stellar network, using lumen.

Accomplishments that we're proud of

We managed to learn a LOT about cryptocurrencies and how the blockchain actually works. We're immensely proud of the amount of learning & work we were able to get done in such a short time. We are also proud of the idea in and of itself - we truly believe this could be huge, and want to continue the project beyond the hackathon.

What we learned

We learned how to construct NFTs out of anything, how to make blockchain interactive, we learned the basics of smart contracts, how multi-signing works, and so much more.

What's next for NFT Anything

We plan on applying to the Stellar Community Fund so we can continue the project. We hope to scale this up and make it accessible for many people.

Built With

Share this project: