[Proposal] The First and Only Seamless No-Code NFT Minting Solution on XDC

Project Description:

dropspace is a cutting-edge NFT minting platform designed to simplify the NFT creation process for artists, creators, brands and enthusiasts. It offers an intuitive interface for minting NFTs, adding metadata, and integrating NFT sales into websites.

Sure, there are launchpads but there are a number of downsides:

→ The tech is clunky
→ You don't own the smart contract
→ You're forced to launch on their platform
→ You need to give up a percentage of your sale
→ It's a super rudimentary solution that is not a replacement for hiring a dev - it's only good for minting one-off NFTs and not doing a blind mint like all popular collections

(I'm sure there are more we're missing)

Dropspace is a free solution for creating digital collectibles of all types.

Imagine it not like a launchpad but like a Stripe tool for easy NFT minting. You embed the widget on your website and voila, you sell your NFT.

We've launched a number of projects including Jarritos (a big soda brand in the US and Mexico) and Women and Weapons which was endorsed and minted on our platform by Gary Vaynerchuk (he even tweeted about it).

We've seen a range of applications including brand communities, pfp projects, ebooks, memberships, ecommerce items and now we want to expand that even more.

In total we've done more than $10,000,000 USD in sales via our platform, so there's proof that it works. We want to bring everything to XDC!

Here's what we think you'll love:

→ It has no cost to creators
→ It allows you to do a delayed reveal (just like Bored Ape Yacht Club and all the hottest projects)
→ You own the smart contract
→ You can control all aspects through a panel on the back end (withdrawal, sale start/stop, details, etc)
→ It's super easy to deploy
→ There's a widget you can easily embed on any website and essentially white label the mint
→ The tech works seamlessly
→ It's already proven

The best way to understand how it works is to see it in action. Here's a quick video that walks through the process:

https://www.loom.com/share/93c44c9ef4dc4905b0179d9cbbd64f98

About the Team:

We're all part of a team called The DeFi Network! We've been BUIDLing in the space together since 2021.

Blake
Director of Operations
10+ years of growth and entrepreneurial experience
Worked with startups in the web3 space since 2017 on the marketing and operations side
Linkedin:

Mihir Wadekar
Co-Founder and Developer
Master's in Computer Science (Blockchain) from University of California
Twitter: https://twitter.com/that_one_nerdy_
Linkedin: https://www.linkedin.com/in/mihirwadekar

Chaitenya Gupta
Co-Founder and Developer
Master's Computer Science in Blockchain from University of California
Twitter: https://twitter.com/ChaitenyaG
Linkedin: https://www.linkedin.com/in/chaitenyagupta

Liki Crus
Head of Development
More than 15 years of experience in development
Website: https://www.remotehub.com/liki.crus
Twitter: https://twitter.com/likigoldenstar
Linkedin: https://www.linkedin.com/in/liki-crus-3121ba25

In brief, we're a highly diverse and capable team with innovative solutions. We pride ourselves on creating an excellent user experience on the front end and back end.

We will be solely dedicated to this project during the active grant period and it will get our full attention!

Project Goals and Aspirations:

If funded, dropspace aims to enhance the XDC Network by expanding its NFT ecosystem. We strive to provide a user-friendly platform that leverages XDC's efficiency and low transaction costs for minting and trading NFTs.

dropspace offers a unique solution compared to existing projects on XDC by focusing on simplicity and user experience. While other projects may require technical expertise, dropspace targets users of all backgrounds, empowering them to participate in the NFT revolution seamlessly.

We aim to onboard thousands of new users to the ecosystem and increase demand for the native currency in the process.

Milestones:

Current Status: dropspace is fully functional on Ethereum

Note: These milestones are not all or nothing. We consider several of them optional and only are proposing them if the community feels they are a benefit to the ecosystem. If all that is desired is the tool, then that's totally fine by us!

Milestone 1: dropspace.art on XDC (complete no-code solution)

Benefits: With dropspace, users can easily create and launch ERC-721 collections, making it easy for creators to monetize their work as NFTs. This will not only increase the number of NFT creators on the XDC platform, but also allow
them to create unique loyalty programs and DAOs for their fans.

The NFTs can be used to represent membership in a community or DAO, giving users access to exclusive content, features, and voting rights. By providing this added functionality, XDC will become a more attractive platform for creators and users alike, which will help to grow the XDC ecosystem.

Milestone 2: Rarityspace.art on XDC (OPTIONAL)

The ability to see rarity of NFTs on rarityspace (our rarity platform) will also provide users with valuable information about the rarity of their NFTs. This will make XDC Network a more attractive platform for creators and users alike, which will help to grow the XDC ecosystem.

Milestone 3: Development of Mint Widget on XDC with dropspace

Benefits: The introduction of the Mint Widget will allow users and creators to mint NFTs directly from their own websites, increasing accessibility and offering a seamless minting experience.

This can lead to a significant increase in user acquisition and engagement.

Milestone 4: ERC 1155 Support (OPTIONAL)

Benefits: By bringing ERC 1155 NFT support to XDC, users will have access to enhanced NFT capabilities.

This will allow for more complex and diverse NFT creations, which will attract a wider range of users to the XDC platform.

This, in turn, will help to diversify the XDC ecosystem and strengthen its position in the NFT market. This will involve everything from front end, launch panel, back end, smart contracts etc.

Milestone 5: Token Gating (OPTIONAL)

Benefits: The development of an easy-to-use method for users to token gate content with NFTs will enhance security for XDC users. This will make it more difficult for unauthorized users to access content and will help to protect intellectual property.

By improving security, XDC will become a more attractive platform for content creators, which will help to grow the XDC ecosystem.

User Growth Metrics: We anticipate 1000+ users within the first year post-launch.

Budget:

We request 701436 XDC in total (according to today's exchange), distributed across milestones as follows:

Note: Written in USD amounts for ease of comparison

• Milestone 1: dropspace.art on XDC (complete no-code solution): 15,000 USD
• Milestone 2: Rarityspace.art on XDC - 5,000 USD (OPTIONAL)
• Milestone 3: Development of Mint Widget on XDC with dropspace - 5,000 USD
• Milestone 4: ERC 1155 Support - 5,000 USD (OPTIONAL)
• Milestone 5: Token Gating - 6,000 USD (OPTIONAL)

We do not plan to liquidate XDC to support our project. We can cover operational costs through the grant and potential future revenue streams.

Sustainability:

dropspace plans to become self-sufficient by implementing a simple payment model. A small fee along with each NFT sale will be collected as a platform fee. This fee will ensure ongoing development, maintenance, and support. As user numbers grow, this revenue will sustain the platform. We have also considered additional operating costs, such as server maintenance and customer support, which can be covered by platform fees and, if needed, supplemented by future revenue streams.

Legal:

dropspace is a registered entity in California, and we will specify the recipient of funds if our proposal is accepted.

Note: We are a completely bootstrapped company and application.

Additional Information:

Grant Categories: Applications and integrations, Developer tooling

Links:

Twitter: https://www.twitter.com/DropSpaceNFT
Github: Not public but feel free to DM and we'll get you access

We have a dedicated team with extensive experience in blockchain development and NFTs. Our project aligns with the vision of enhancing the XDC Network's NFT ecosystem by making NFT minting accessible to all. We are committed to ensuring dropspace becomes a valuable addition to the XDC community.

If there are any inquiries or clarifications needed regarding our proposal, please feel free to reach out. We are excited about the potential collaboration and the positive impact it can bring to the XDC ecosystem.