Inspiration
The inspiration comes from the pool experience of NFTs assets during discovering and trading.Based on blockchain technology, virtual assets have attracted millions of people's eyes through their uniqueness, non-fungibility, scarcity, and verifiability in all areas from games, art, sports, media, and entertainment. NFT is regarded as another major asset category independent of digital currency assets, which makes it possible to digitize any form of work into the crypto world. However, there are several problems in the current NFT ecosystem.
- Difficulty in discovering and evaluating NFT projects and assets.
- The NFT marketplace is too fragmented.
- Poor liquidity of NFTs and high risk for NFT holders
- Limited usages and use cases for NFT assets.
These problems inspires us to create a ingenious gateway for the NFTs ecosystem.
What is NFTwow?
NFTwow is focus on building a new gateway for NFTs ecosystem. We are an aggregator of all NFT marketplaces across different blockchains. Using NFTwow, people can gain access to the entirety of their NFT, discovering the total value of the NFT market. NFTwow contains four major parts.
- NFT Analytics collects and visualizes real-time data around NFT asset trading volume across the network, specifically catering to users' needs. Users can gain a comprehensive understanding of NFT market trends, and optimize their NFT purchase and investment decisions on the NFTwow platform.
- NFT Aggregator aggregates transaction contents from major trading markets (such as Solanart and OpenSea). This opens up the depth volume capabilities of NFT transaction overviews, and hopes to onboard more users in a convenient purchasing experience. NFTwow aggregates every conceivable NFT to one platform, making all non-fungible tokens accessible through the click of the button.
- NFT Fractionalizes is a innovation function of NFTs . The main objective is to allow everyone to launch their own SPLs with liquidity in the open market. It brings many benefits to the NFT minters, collectors and speculators, by promoting instant liquidity and pricing for the NFTs, fair price, portfolio variety, and a new market of possibilities with other DeFi applications. In that way, NFTwow provides the collective ownership of the NFTs and brings liquidity allied with game theory into the NFT and DeFi ecosystem.
- NFT Connector aims to establish links with more fields and projects and explore the using scenarios and possibilities of NFT in different fields like lending, insurance, games, social networking, and lottery, etc ## How we built it ## With more than four years' experience in blockchain project development , we have a complete design and R&D process. Team members are proficient in multiple programming languages. And we especially focus on NFTs ecosystem infrastructure product development.
Solana is the fastest blockchain in the world and the fastest growing ecosystem in crypto, with over 400 projects spanning DeFi, NFTs, Web3 and more. By the roadmap, we aggregate Solana projects first, and building the first NFT Fractionalize project on Solana.
Challenges we ran into
Multi-chain aggregation means to be familiar with the characteristics of different chains and master a variety of programming languages and NFT development experience. It involves variety of SmartContract development and interaction, which has high requirements for the team's technology R & D force.
- NFT Analytics requires massive NFT projects data indexing and modeling.
- NFT Aggregator needs to integrate and interact with many marketplaces, involving multi-chain and cross-chain technology.
- NFT Fractionalization has high requirements for economic model and DeFi design.
We implement it step by step as planned, supporting Solana chain firstly, and then others. Completes the development of NFT Analytics fundamentally and then gradually realize other modules.
Accomplishments that we're proud of
We completed the overall planning and researchs of the project, and finished the first beta version development
What we have learned
At present, NFT infrastructure construction is still relatively scarce, and there are few references. We need to fully combine the strength of the community, accelerate the development of the project, build a more convenient NFT aggregation platform for the community, and contribute to the development of NFT ecosystem.
What's the next for NFTwow
According to the roadmap, we plan to accelerate the product development.
We will recruit and increase the development team, and push forward the fundrasing task.
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