Block Chain Pets

? As a digital asset class, Non-Fungible Token (NFTs) have some interesting capabilities that no other digital asset can match. Blockchain-based digital assets are unmodifiable, everlasting, unique, and decentralized. Proof of owner

Project Title

Block Chain Pets

Project Area of Specialization

Blockchain

Project Summary

• As a digital asset class, Non-Fungible Token (NFTs) have some interesting capabilities that no other digital asset can match. Blockchain-based digital assets are unmodifiable, everlasting, unique, and decentralized. Proof of ownership and transfer records, all exist as a public ledger on the blockchain.

• With the massive Metaverse development push from companies like Meta, we will likely see massive growth in technology in the near future. With a single NFT being sold for as high as $69 million. NFTs are already attracting millions of users and investors.

• Trading in NFTs spiked 21,000% to more than $17 billion in 2021 according to reports. Trading in nonfungible tokens hit $17.6 billion last year, an increase of 21,000% from 2020.

Our Proposed Solution is a

Ethereum Blockchain based Decentralized Web Application For Dog NFTs which provides a solution for the following:

- Ownership: Because of the blockchain, the owner of NFT can easily prove the right of possession by his/her keys. Other nodes can verify the user's ownership publicly.

- Transferable: Users can freely transfer NFTs ownership to others on specific markets or directly accessing their smart contract associated with he NFT.

- Transparency: By using blockchain, all transactions are transparent, and every node in the network can confirm and trace the trades.

- Fraud Prevention: Fraud is one of the key problems in trading assets; hence, using NFTs ensures buyers buy a non-counterfeit item.

- Immutability: Metadata, token ID, and history of transactions of NFTs are recorded in a distributed ledger, and it is impossible to change the information of the purchased NFTs.

Project Objectives

To create a blockchain based decentralized application which include:

• Unmodifiable transaction records on the blockchain

• Owners have full control of their digital assets

• Ownership proof on the blockchain

• Digital asset information on the blockchain in the form of a smart contract

Complex dogs related NFTs involving Breeding of digital art dogs on the blockchain with every dog having a unique gene sequence. This will lead to:

• More profitability for the buyers as they can mint more NFTs by breeding previous generation NFTs

• NFT buyers will have a better experience as they will not only be buying these NFTs to hold them but enjoy the overall buying, breeding and selling experience.

The blockchain based decentralized application will feature:

• Unmodifiable transaction records on the blockchain

• Owners have full control of their digital assets

• Ownership proof on the blockchain

• Digital asset information on the blockchain in the form of a smart contract

Project Implementation Method

- Following Technologies will be used for the Frontend:

• REACT

• CSS

• JavaScript

• HTML5

- All smart contracts will be deployed to the Ethereum Blockchain and will be written in Solidity.

- Web3.js will be used to enable interaction between the blockchain, frontend and digital wallets.

- IPFS (InterPlanetary File System) storage will be used to store the NFT images.

Benefits of the Project

Ethereum Blockchain based Decentralized Web Application For Dog NFTs which provides a solution for the following:

- Ownership: Because of the blockchain, the owner of NFT can easily prove the right of possession by his/her keys. Other nodes can verify the user's ownership publicly.

- Transferable: Users can freely transfer NFTs ownership to others on specific markets or directly accessing their smart contract associated with he NFT.

- Transparency: By using blockchain, all transactions are transparent, and every node in the network can confirm and trace the trades.

- Fraud Prevention: Fraud is one of the key problems in trading assets; hence, using NFTs ensures buyers buy a non-counterfeit item.

- Immutability: Metadata, token ID, and history of transactions of NFTs are recorded in a distributed ledger, and it is impossible to change the information of the purchased NFTs.

Technical Details of Final Deliverable

- All traits and rarity of the traits of dogs will be defined

- ERC smart contracts for the NFTs

- Being Decentralized, the NFTs will be compatible with other blockchain based games and applications, to be used on them.

- Registration using Metamask digital crypto wallet.

- Breeding of digital art dogs along with the ability to sell the next generation dogs.

- View Owned NFTs

- Profile Information of sellers and buyers

- Compatibility to sell on any Ethereum Blockchain based third party NFT marketplace for profitability

Each dog NFT will have 11 features that make it unique including:

1.Ear shape

2.Eye shape

3.Eye color

4.Mouth

5.Fur color

6.Legs and Feet

7.Pattern type

8.Pattern color

9.Collar

10. Gender

11. Generation

The Smart Contracts Will have the following functionality for Contract Admin:

- A feature that will keep track of the current owner.

- A mint functionality that will create the NFTs existence on the blockchain and enable it to be stored in a digital wallet.

- A supply count of the NFT

- Contract Deployment control

Final Deliverable of the Project

Software System

Core Industry

IT

Other Industries

Finance

Core Technology

Blockchain

Other Technologies

Others

Sustainable Development Goals

Decent Work and Economic Growth, Industry, Innovation and Infrastructure

Required Resources

If you need this project, please contact me on contact@adikhanofficial.com