NFT Club

Project Title

NFT Club

Project Area of Specialization BlockchainProject Summary

“NFT Club” is an emerging market idea based on a mobile and Web platform with a trust and reputation module to buy and sell NFTs over an FCI (Full Chain Information) scheme. NFT is Most trending in Market of Web 3.0. We will try to solve the main tax issue that any user needs to pay when using NFT marketplaces with minimum tax.In existing marketing places, the UX/UI is very complicated for naive users. New vendors have a very hard time selling on existing platforms due to the overwhelming number of sellers. Platforms do not promote new vendors. Moreover, there is no way to check FCI of any NFT in the marketplace. Our goal is to minimize the tax on each transaction and thoroughly develop the user experience with fully functional FCI. This system will make it easy for new sellers to sell NFTs without prior experience and high tax.

Project Objectives

Only a few NFT MarketPlaces are currently available to users. Most of them are charging a lot of tax on NFT transactions and do not allow users to buy or sell NFT of any type. Many of them are imposing fixed prices including gas and some are imposing varying prices on the different NFT's.Our Idea is to provide a solution to the Tax problem with reducing platform cost. A primary goal is to give new sellers a way to promote their NFTs with SEO-based search and reviews to buyers through a simple and minimalist UX/UX. All NFTs will offer Complete FCI.

Project Implementation Method

• Solidity       (Programming Language for Smart Contract)

• Ethereum   (Platform to deploy smart contract)

• HardHat     (Development environment to deploy , compile and test smart contract)

• React Js    (Library for Frontend Development)

• Flutter        (UI SDK for Mobile App Development)

• ethers.js     (Library to interact with smart contract)

• Tailwind Css   (Css Framework)

• Express Js     (Framework to build API)         

• TypeScript    

• Polygon         (Polygon is a protocol and a framework for building and connecting Ethereum-compatible.)

• IPFS              ( InterPlanetary File System is a protocol and peer-to-peer network for storing and sharing data in a distributed file system.)

Benefits of the Project

As a result, society in general will have a better tool to sell and buy NFT anywhere in the world at a minimum tax rate. It will allow content creators to sell their artwork as NFT. It will generate revenue from transactions, which will boost our economy. It will also contribute to the adoption of Web 3.0 in our country.

The current market will be disrupted.

Technical Details of Final Deliverable

This deliverable will include full functionality of NFT sell & purchase. User will enter the site by using his Metamask wallet. NFT uploaded by user will be stored on our local database PostgresSQL. NFT assets will be stored using IPFS. As the NFT will be purchased, we will create first transaction on Blockchain thorugh smart contracts using Solidity. Gas fee and the plateform fee will be deducted from this transaction using Metamask addresses. FCI for this NFT (full chain information) will also be stored. 

Final Deliverable of the Project Software SystemCore Industry OthersOther Industries IT Core Technology BlockchainOther Technologies OthersSustainable Development Goals Quality EducationRequired Resources

Item Name	Type	No. of Units	Per Unit Cost (in Rs)	Total (in Rs)
			Total in (Rs)	37000
IPFS Storage	Equipment	1	20000	20000
ADATA 256GB SU750 3D-NAND 2.5 Inch SATA III High Speed SSD	Equipment	1	7000	7000
Stationery , Printing , Overheads	Miscellaneous	1	10000	10000