NFTPark

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Inspirations

Blockchain New Entrants

Currently cryptocurrency exchange is still the largest entry of blokchain area. And most utilities are focused on token exchange, DEX, DeFi, etc. Financial innovation is widespread and becomes domination. However, the invention of NFT could help blockchain technology expand to other traditional industries besides finance. We foresee NFT would lead a large adoption of blockchain technology in the near future. Most importantly, users who are interested in NFT would have totally different appetites with the current blockchain users who are attracted and introduced to blockchain world. I think a new NFT product is needed for these new potential users.

NFT Infrastructure

The concept of NFT is first introduced back in 2012. But the infrastructure isn’t mature. Now NFT mint tools, NFT exchanges and NFT standard, etc. are all well-built. More and more people heard about NFT and blockchain. It’s a proper time to build a proper product to help people store, transfer, talk about, and follow NFT.

What it does

Store and transfer NFT.
Search user’s favorite NFT, and display NFTs in the trend.
Chat and interact with people who hold same NFTs with the current user.
Get the latest news related with NFT and NFT creators.
Communicate directly with NFT creators and build a fan-based economy.
Dapps markets.
Integration with DID in order for user authentication, KYC, prevention of Sybil attack.
Entry to IDO, and NFT presale.

How we built it

Adopt Neo's NEP-11 standard as a NFT standards and NeoFS as a cloud service to build a NFT database. If possible, integrate with Neo Name Service to represent users’ identity.
Use NeoFS as a host infrastructure and protect users’ privacy.
Take advantage of NeoID to provide a smooth and user-friendly DID system.
Build a reward system based on token economy to attract users without blockchain background.

Challenges we ran into

In the aspect of technique. Build a database and search engine of all valuable NFTs. Crawl NFT data(URI, metadata, etc.) on all blockchains, store these data in a proper index structure. and keep them up-to-date. Guarantee 100% percent safety of users’ NFT assets.
In the aspect of product. Find an optimized way to help users interact with others and protect their privacy at the same time, especially the financial privacy. Meet the different demand from different entertainment area(e.g. arts, games, music, movie, etc.)
In the aspect of marketing/promotion. We roughly divide potential users into two fields: these who are familiar with blockchain techniques (login, seed phrase, private key, token trade, etc.) and these who know almost nothing of blockchain but are interested in NFT and innovative technology. The first parts of potential users are used to the UI/UX of cryptocurrency wallets, like Trust Wallet, imToken, Coinbase Wallet, etc. It would need more effort to persuade them to user another wallet which focused on NFT and social media. The bright side is that the user base isn’t large. 90% of Chinese residents know nothing of blockchain and the are our main potential users.

Accomplishments that we're proud of

We have found a way to get most NFT from blockchain and built a NFT focuses community with 40 000 active users.
Finished the MVP of the back-end database framework and NFT search engine.
Have built a DEMO for showcase and demonstrate essential features.

What's next for NFTPark

Start to add NFT transfer, NeoID feature.
Integration with third-party NFT Dapps (e. g. NFT exchange, NFT minting tools, etc.)
Invite KOL from NFT field and traditional entertainment industry to join our NFT portal platform.