WHITE PAPER BUILDING A POWERFUL, DECENTRALISED NFT ECOSYSTEM
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15.03.2022 WHITE PAPER BUILDING A POWERFUL, DECENTRALISED NFT ECOSYSTEM
ABSTRACT
ABSTRACT
BUILDING A POWERFUL, DECENTRALISED NFT ECOSYSTEM
Our White Paper outlines the story of The NFT-MAKER Wallet will be a web-
NFT-MAKER and presents our plans for based wallet focused specificially on
the future. creating the easiest way for users to
come into the NFT space for the very first
NFT-MAKER is creating a multi-chain NFT time.
ecosystem focused on reducing the en-
try-barrier to NFTs for end-users, artists, The NFT-MAKER Payment Gateway is our
brands and corporations by building tools standardized checkout system for NFT
to cover the full range of onboarding, min- Sales. It integrations all major wallets on
ting & secondary market selling. Cardano and will be tightly coupled to the
NFT-MAKER Wallet to simplify the pro-
Even though NFT-MAKER will be creating cess of buying NFTs with FIAT currencies.
a blockchain agnostic NFT ecosystem,
the Cardano blockchain will remain its The NFT-MAKER Game Launchpad will
main focus. be a decentralized Digital Rights Ma-
nagement platform & store focused on
NFT-MAKER PRO was the first public Non-Play-To-Earn videogames.
‘Mint-On-Demand’ tool for the Carda-
no Blockchain that has since evolved to The $NMKR Token will bridge the full
become the powerhouse behind around NFT-MAKER ecosystem by enabling de-
50% of all unique projects and nearly centralized utility & governance for all
20% of all NFT’s that currently exist. NFT-MAKER products.
It is a multifunctional infrastructure built The NMKR Stake Pool will provide ad-
to maximise the power of NFT’s, whilst ditional utility to the NFT-MAKER
minimising the technical complexity nee- community like reduced fees on cer-
ded to use them. We strive to solve the tain products, NFT airdrops and $NMKR
key challenges of High Transaction Fees token distribution.
and Sustainability whilst catering to au-
diences beyond those who are already We are extremely humbled and
Crypto-Savvy. thankful for the amazing response we
have had so far and can‘t wait to see
The NFT-MAKER Marketplace will be a you with us on this journey.
multi-blockchain NFT marketplace fo-
cused on creating the best possible By providing the tools for artists,
secondary market user experience for developers, brands, corporations and
both seasoned crypto-users and also end-users, we aim to make NFTs a part
crypto-beginners. of everyones daily life.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vol. 01
3
SCORECARD
SCORECARD
Team Blockchain
25+ CARDANO
Prototype Release Location
11.04.2021 SWITZERLAND
Total Token Supply Token Name
10 000 000 000 NMKR
Products Token Distribution:
MARKETPLACE PRE-SALE ICO
MINTING & SMART PUBLIC ICO
CONTRACT API IDO
WALLET STAKE POOL REWARDS
STAKE POOL AIRDROP
PAYMENT GATEWAY COMMUNITY DISTRIBUTION
AWARD SHOW
NFT LICENSES
GAME LAUNCHPAD
WHITELABEL MARKETPLACES
Target Groups Engineering
FANS & COLLECTORS TBA
ARTISTS & CREATORS
BRANDS
CORPORATIONS
ICO Date IDO Date
TBA TBA
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
5
CONTENTS 1 WHAT WE STAND FOR 7 1.1 NFTS AS TECH. INFRASTRUCTURE ON THE FUTURE 9 2 TEAM BACKGROUND 11 3 ORIGINS & HISTORY 13 4 BLOCKCHAIN AGNOSTIC BUT CARDANO FIRST 15 5 OUR STANCE ON REGULATION 20 6 BUILDING AN NFT ECOSYSTEM 22 6.1 NFT-MAKER PRO 24 6.2 NFT-MAKER MARKETPLACE 28 6.3 NFT-MAKER PAYMENT GATEWAY 32 6.4 NFT-MAKER STAKE POOL 34 6.5 NFT-MAKER WALLET 37 6.6 NFT-MAKER GAME LAUNCHPAD 40 6.7 NFT-MAKER LICENSES 43 6.8 CNFT AWARDS 45 6.9 PARTNER PROJECTS 47 6.10 THIRD-PARTY PROJECTS 49 6.11 EDUCATION 52 7 ROADMAP 54 8 CONNECTING THE ECOSYSTEM THROUGH $NMKR 56 8.1 ARTIST VERIFICATION & FRAUD PREVENTION 58 8.2 ECOSYSTEM GOVERNANCE 65 9 TOKENOMICS 67 10 TOKEN DISTRIBUTION EVENTS 69 11 DISCLAIMER 73 12 REFERENCES 77 All rights Reserved. Confidential And Proprietary Material. WhitePaper Vol. 01
WHAT WE STAND FOR 1
1 WHAT WE
STAND FOR
At its core, NFT-MAKER provides the
infrastructure for NFT projects, allowing In terms of sustainability, it’s become
creators, brands, companies and artists clear that the Proof-of-Work consensus
to focus on what they do best, being algorithm used by many Blockchains,
creative. require an enormous amount of energy
as their core protocol element. It is very
We make NFTs accessible for everyone important to us that we bring NFT’s
by providing an end-to-end ecosystem to the world whilst ensuring that the
that adapts to the various use cases and infrastructure we are building is as
needs of web3. environmentally friendly as possible.
Mission We see these as challenges to overcome
MAKING NFTS ACCESSIBLE and with our holistic approach, we feel
TO EVERYONE this is possible. By focusing on energy-
efficient Proof-of-stake blockchains like
Values Cardano, we will be the intermediary
EMPOWEREMENT between NFT suppliers and their cus-
COMMUNITY tomers – offering an easy to use and EU
DECENTRALISATION compliant product ready for the world.
In its current form, the NFT space has three In order to solve the verification concerns
key challenges: High barriers to entry, we will introduce a mix between a token
sustainability concerns and verification verification mechanism focused on
issues. game-theory to reduce bad behaviour
and introduce Digital Identity tools to
The high barriers to entry come in the give users to prove their authenticity.
form of the extremely high transaction
fees, as well as the initial knowledge
needed to operate in an ecosystem
geared towards those who are already
well acquainted with Crypto.
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8
NFTS AS TECH. INFRASTRUCTURE OF THE FUTURE 1.1
1.1 NFTS AS TECH.
INFRASTRUCTURE
OF THE FUTURE
AT NFT-MAKER, WE SEE NFTS AS FAR MORE
THAN DIGITAL ART.
A t their core, NFTs really are the
technological infrastructure for Unspent you ask? In this context, unspent
proof-of-o wnership. describes how every transaction actually
spends your full amount of coins and then
The fundamental idea being that if we can essentially sends the remainder back to
store data on the blockchain, that data you, almost like getting change from a shop.
can reference anything. If it can reference
anything, then we can use it to store the Cardano uses the eUTXO (extended
ownership of any physical or digital item; Unspent Transaction Output) model,
houses, cars, licenses, certificates - the whereby the UTXO is extended with an
possibilities really are endless. additional script (smart contract) that
must return True before the tokens will
No longer do we need to rely on paperwork be sent. Think of this as an additional
or central 3rd parties to transfer complex check in conjunction with the public/
and expensive assets – we can do this in private key pair. All UTXOs actually have
a trustless, decentralised manner using smart contracts attached to them[1], but
the blockchain. From the point of view of having this results in there being no way
the general public, as with most techno- to distinguish a unique smart contract –
logy, people want to have the best this is where NFT’s come in. Attaching
results without needing to know exactly an NFT to a smart contract allows it to be
how it works. This is one of the key pillars uniquely identified and thus, completes
in our philosophy of bringing the power of the security of the Cardano Blockchain.
NFT’s to everyone but to explain some This is particularly important, because
of the detail, here is an overview of why Bitcoin does have a very locked-down
NFT’s are important on Cardano. scripting lang-uage and coins such
The Bitcoin blockchain pioneered the use as Ethereum aimed to improve the
of the UTXO model of accounting, whereby expressiveness of smart contracts but
instead of logging the current balance were unable to solve this whilst using
of each account, the blockchain stores UTXO and instead opted for the balance
the set of unspent transactions. based accounting model. The researchers
at Cardano did manage to crack this and
thus, Cardano is the current best-in-
class infrastructure, for the best method
of storing ownership ever created.
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10TEAM BACKGROUND 2
2 TEAM
BACKGROUND
Patrick Tobler Fahim Popalzai Peter Jaschkowske
Founder & Technology Founder & Designer Blockchain Gaming
Founder of NFT-MAKER and Interaction Designer with 4+ 4+ years experience in Game
Cardano blockchain techno- years experience in crafting Development and 3D Design
logy expert digital products
Sascha Tobler Ann-Kristin Mackensen Kristian Portz
Technology Finances Management
20+ years in building tech- 7+ years experience in Founder of LE4F Agency
companies and Software financial modelling and invest- and 10+ years experience in
Development ment/spin-offs for Siemens & production management and
Porsche team structuring
Chris Flato Maximailian +20 other amazing
Marketing & PR Technology team members
10+ years in Communications, 10+ years Software Develop-
previously Director of PR for ment experience
ESL Gaming
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
12ORIGINS & HISTORY 3
3 ORIGINS &
HISTORY
The initial idea for NFT-MAKER was
after the launch of this tool, a initially small
first conceptualised by our co-founder(s) number of projects started using it, which
during the early months of 2021. After then grew to many, until NFT-MAKER
the rise of NFTs on Cardano with the became synonymous with ‘the best way
initial release of the SpaceBudz project, to mint’ on Cardano using its system of
it became clear that there’s a lack of unique, reserved addresses.
accessible tools for creating NFTs on the
Cardano blockchain. Thus the idea was Although powerful and solving many of
born. A few weeks later, our Founders the issues with minting, the system of
Patrick Tobler and Fahim Popalzai created unique, reserved addresses does require
the initial NFT-MAKER V1 website which considerable coding skills to imple-
for the very first time on Cardano allowed ment, especially in regards to backend/
non-technologically-savy users to create frontend of a website. Because of this, the
their own NFTs. It immediately became a team started making the tool even more
huge succes and has since then allowed accessible to non-programmers. Since
more artists to create NFTs on Cardano then the growth has been exponential,
than any other Minting Tool. leading to over 800 000 NFTs minted
through NFT-MAKER products in less
Shortly after this, our founders were than 9 months after the initial NFT-
contacted by the artists behind two of the MAKER V1 release.
earliest large-scale Cardano NFT projects:
The Hoskinsons and the unsigned_ We now arrive at today, having released
algorithms. countless additional functionalities,
ing the team to now 27 people and con-
Both of these artists were looking for a tinuing to push forward in increasing the
service that would allow them to give their user experience for everyone involved in
audience the ability to mint on demand, in NFT’s.
bulk. For these specific projects, the small
but growing NFT-MAKER team created
their own internal API to assist with the
minting and after the huge success of
these projects they realised how powerful
this really was.
The decision was then made to release
the NFT-MAKER API as NFT-MAKER PRO,
a public tool & API allowing creators to pre-
load their NFT’s, ready for minting. Shortly
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14BLOCKCHAIN AGNOSTIC BUT CARDANO FIRST 4
4 BLOCKCHAIN
AGNOSTIC BUT
CARDANO FIRST
MEASURE TWICE, CUT ONCE.
Technological progress seems to nat- Cardano is a third-generation block-chain,
urally result in having around 5 key players created to solve the blockchain trilema
in any given space as time passes. We using the scientific method – ensuring deep
expect the same thing to happen with research and peer-reviews are completed
blockchains, leaving the Pareto principle well in advance of implementation. The
majority of users being active on the top ethos is to take the time needed, to get it
chains that are optimised to perform right on the first attempt.
best in a given scenario. Over time, we
plan to bring NFT’s into the mainstream
which will mean making them available
on multiple blockchains to ensure users
are able to access them. Having said
this, we did need to select a single chain
to get started on – here is why we selected
Cardano.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
164 BLOCKCHAIN
AGNOSTIC BUT
CARDANO FIRST
SECURITY AND ENVIRONMENTAL SUSTAINABILITY
Security is the singular most important Cardano on the other hand uses a unique
element of any blockchain – without it, consensus mechanism known as ‘Ouro-
everything else is almost irrelevant. The boros’[3].
huge innovation brought in by Bitcoin was Rather than using the underlying Proof-
how it enables transactions to be verified of-work model, Ouroboros uses Proof-
without a central, trusted authority. We of-Stake which relies on randomisation
wanted to ensure we were building on weighted by the amount of ADA that has
infrastructure that was future-fit and been staked when selecting the node
could be proven to hold up against the that validates a given set of trans-
extreme security needed, whilst being actions. Validators are selected based
energy efficient. on the amount of ADA that they have
Blockchains are largely defined by delegated to a stake pool. Having this
their consensus protocol, Bitcoin most instead removes the need for the heavy
famously uses Proof-of-work, which computational challenges in Proof-of-work
was then implemented by most of the and thereby drastically reduces the energy
early ‘alt’ coins such as Ethereum. Proof- consumption. The Ouroboros protocol
of-work seeks to pick the next trans- is mathematically verifiable as being
action validator by allowing all potential guaranteed to be secure so long as 51% of
validators to attempt to solve very difficult the stake is held by honest participants.
computational problems. The first to solve To put it plainly – Cardano’s Ouroboros
the problem ‘wins’ the right to become provides fantastic security, whilst using
the validator and thus is rewarded with 0.005% of the energy. For some perspective,
Bitcoins. This incentivises people to run Cardano uses about the same energy as 600
Bitcoin Nodes that use powerful hardware US residencies[4], Bitcoin uses more than
to maximise the computational power in most countries and if it was a country,
an attempt to maximise the chance of would rank 31st for the most energy usage.
becoming a validator. This results in the Smart contracts are also crucial for
compute power of the Bitcoin network any blockchain, Cardano in particular
being so large that it uses 115,000 Giga- uses NFT’s within its Smart Contracts
watts of energy per year [2]
(more than the to give them uniqueness, which will likely
entirety of the Netherlands). Bitcoin’s be traded and have utility. Cardano’s
security therefore relies on the premise native smart contracts language ‘Plutus’
that unless a bad actor can gain control is also the first of its kind to be written
of more than 51% of the network‘s in Haskell – a highly secure functional
computational power, they will be unable programming language known for its ability
to consistently solve the problems to to allow developers to ensure ‘correctness’
become the validator and the rest of the in their software. With Smart Contracts,
network will simply pick ‘the longest correctness is everything.
chain’.
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174 BLOCKCHAIN
AGNOSTIC BUT
CARDANO FIRST
SCALABILITY
Scalability is a consistently difficult chall-
enge as part of the blockchain trilema. Our
long term vision is to have NFT’s be the
infrastructure that will be used to track
ownership of all kinds of real (and digital)
goods and services. In order to do this, it
needs to solve the biggest challenge in the
space – Scalability, to meet the demand of
the world and the sheer number of trans-
actions that happen on a day to day basis.
Fortunately, Cardano has this in the 4th
stage of its roadmap known as Basho,
whereby various optimisations are starting
to occur such as block size increases,
more efficient usage of memory and later
– Hydra. Hydra will use the concept of side-
chains to offload computation and batch
process smaller transactions to massively
improve throughput and become one of
the most high performance blockchains in
history.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
184 BLOCKCHAIN
AGNOSTIC BUT
CARDANO FIRST
LONG-TERM GOVERNANCE
Continuing with the theme of long-term Having this in place will make Cardano not
thinking, Cardano has had governance in only decentralised in terms of its currency
its roadmap from the very early stages. and assets, but also fully decentralised
Its creators very quickly acknowledged in terms of its governance, maintenance
that they would need to build a system and long term direction.
that could govern itself over time frames
far beyond the medium term, which is Given the above-mentioned qualities [6] ,
something quite rare in Crypto. we clearly believe that Cardano is the
best blockchain to build on long term. We
At the moment, Cardano has the Catalyst however are still very much committed to
voting system, whereby community bringing NFT’s to the world and understand
projects are put forward for voting and that a necessary part of this will be to
those with ADA staked can cast their vote expand our ecosystem onto other Proof-
toward the project, which may then be of-stake blockchains in the future.
funded from the (currently centralised
Cardano treasury). The coming Voltaire[5]
era will bring this to its full, decentralised
fruition, allowing network participants to
present their own Cardano Improvement
Proposals (CIPs) which can be voted
on using the already existing staking
and delegation processes that has been
available since the Shelly era. They have
even considered how improvements will
be funded in the long term and as such, the
Voltaire era will implement a decentralised
treasury system, whereby a fraction of the
transaction fees will be collated as funds
for future developments.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
19OUR STANCE ON REGULATION 5
5 OUR STANCE ON
REGULATION
Although the specific timelines are of $NMKR will be able to flag what appear
unclear, something that we know for to be “unusual purchases”.
sure is that more regulation will come The idea behind this is that it will
to Crypto. again deter bad actors from using our
ecosystem for these purposes, as they
The main reason for this regulation is to know that our community is actively
protect investors and to counter money engaged in (initially) identifying potential
laundering. Regardless of how we feel cases so that further information can be
about this, our best option is to get ahead gathered.
and consider what would be the best
solution for the space before any new This is difficult, user experience in our
rules come into effect. Doing so of course ecosystem is extremely important to
has the benefit of preparedness for our us and we have no plans to degrade this
ecosystem – but if we get this right, we with unnecessary additional forms or
may well be able to create the bench- checks. On the other hand, we do need
mark of how this can be implemented to ensure that we comply with all related
for governments to adopt. Solve the regulations. The good news is that small
problem, before they create the rules – trades tend not to be the target of such
show the world how it can be done. regulation (unless there are clear groups
of trades that have been made to combine
NFT’s are at particular risk of being used to a larger total). This means that the
for money laundering, given the fact that majority of users will likely not have to
the primary use case at the moment is Art, complete anything more than the usual
which has a very subjective value. For this sign up process for any Crypto Market-
reason, it is essentially possible to argue place. For people who want to engage in
why anything was purchased for such larger trades though, more KYC may be
a high (or low) price. Being a completely required, but our plan is to initially keep
public ledger, the Cardano Blockchain KYC as an option that gets rewarded,
naturally has some defenses against rather than something that results in
money laundering whereby anyone can punishment if not completed. The idea
track any transaction at any time, thereby behind this is that it will encourage
using Cardano to commit such acts people to complete the KYC and thus
results in the perpetrator leaving behind as regulations do become more strict,
an incorruptible and permanent log of many users will already have everything
their actions. This alone should be enough they need to continue thus reducing
to deter many, but sadly not all. the impact on the userexperience. This
will be a gradual process that we, as a
As a further proactive measure, we plan community can work together to ensure
to bring in functionality whereby holders is handled correctly.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
21BUILDING AN NFT ECOSYSTEM 6
6 BUILDING AN NFT
ECOSYSTEM
From our humble beginnings as a simple
website that allowed people to mint one
image onto the blockchain – we have never
stopped working to make our platform
as powerful and user friendly as we can.
Today we launch our full ecosystem which
will consist of the following parts.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
23NFT-MAKER PRO 6.1
6.1 NFT-MAKER PRO
Following the release of our initial NFT Metadata has a maximum per-
minting service for minting single NFT’s, field limit of 64 characters, which
we wanted to set up a system whereby gives plenty of room for creators
projects could mint large drops (1000’s of to add further information to their
NFT’s) of which makes the single minter collections. Lots of creators like to add
system infeasible. For this reason, we further utility to their collections by
built our API, which has been the minting providing opportunities for people to get
bridge used for over 800 000 NFTs so far ‘whitelisted’. Being on this list can grant
(05.02.2022) – this has been the backbone the person a free airdrop, a guarantee
of our infrastructure and is something we of minting another NFT or something
are extremely proud of. else entirely. NFT MAKER PRO has this
As a high level overview, our API allows capability built in, allowing the creator to
the creators to set up a minting front create custom sell conditions that must
end that can make calls to our backend be met for the person to be able to mint.
infrastructure, granting the developers This means creators can ensure their
a fantastic user interface and a highly community gets what they have been
robust minting on demand service. promised and also opens up possibilities
for current holders to be granted the
Pre-Mint – as outlined previously, the rights to mint automatically, further
NFTs themselves contain metadata incentivising the desire to be part of a
which contains pointers to the location given community. It can also be used to
of where the actual asset is stored. This ensure a wider distribution of NFTs by
means that any creator will need to find allowing creators to set a max purchase
a storage location that is both public and count which will check the buyers wallet
secure, whilst also being likely to exist for first to ensure they don‘t already have
a very long time. Creators then also need more than their fair share before minting.
to ensure their minting system can then,
at run time, match up the relevant asset,
with the NFT metadata, which means
storing reasonably complex mappings
that must work first time. Our backend
allows creators to upload the asset files
and metadata to our servers, which
then store the files on IPFS and align the
metadata mappings ahead of minting. The
intuitive UI then allows creators to easily
perform checks at any time to ensure
everything is correct for the launch.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
256.1 NFT-MAKER PRO
For creators, once they have their assets Because of this, our ‘on-demand minting’
ready, they then need a method of already solves the biggest issues with
allowing the community to purchase a CNFTs at the moment:
random NFT which means handling what
may be thousands of concurrent trans- Sending ADA after the mint has ended –
actions and then distributing random by reserving and issuing a unique address
NFT’s to those that have sent the correct for each NFT, we are able to handle the
amount of ADA. To help with this, we load balancing off-chain, this means that
created the following powerful elements: the quickest people to request an NFT, will
be those that receive it. For high-demand
Reservation System – Instead of using the projects, people who unfortunately miss
outdated Pay-In method of selling NFTs, out on the NFTs will be told immediately
where thousands of people just pay into that the minting has completed, avoiding
one single address which will then be used the need for an individual to send ADA
for minting the NFTs, we offer a different despite no NFTs in the project being
and more user-friendly way. By creating available, and the effort/time needed to
a scalable reservation system we reduce complete a refund.
the amount of on-chain transactions
required and create the best possible Network Congestion – NFT-MAKER PRO
user experience. checks if there are any NFTs left before
providing a unique address for the user to
Payment Handling – following on from send ADA to, therefore, only successful
above, by using our API, creators leave minting transactions will ever reach the
any required refunds or other distribution blockchain, thereby keeping congestion
challenges to our backend. Firstly, by to an absolute minimum. This further
only enabling transactions for reserved solves other issues that many have faced,
assets, this means that only the minimum whereby people have submitted a trans-
number of purchasing users will ever action to the blockchain, but it registers
submit a transaction, therefore, anyone many minutes later. NFT-MAKER PRO
who submits a transaction will receive ensures that if an individual sends ADA,
an NFT. Those who are too late will never they receive their NFT.
even have the chance to submit an
unnecessary transaction that would then
have to be refunded. Finally, for any users
that do send the wrong ADA amount, our
backend automatically refunds this to
that user.
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266.1 NFT-MAKER PRO
Bot Proof – by using Captchas, comb- Scams – by communicating to the comm-
ined with the unique address system unity about how our API works, this can
mentioned above, we can stop the help the users to ensure they never
majority of bots from attempting to become a victim of one of the many
mint more than their fair share. This scams that essentially involve a fake
further increases decentralisation and Address circulating through social media.
fairness on our Cardano Blockchain. Users will know that the only way they
can get their own, unique address is via
the official website. Now that we have
the Payment Gateway, the users NEVER
actually see the Cardano address, which
makes this very easy for creators to
communicate with their community.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
27MARKETPLACE 6.2
6.2 MARKETPLACE
THIS WILL BE THE PLACE YOU MINT, BUY, SELL AND
SHOW OFF YOUR NFTS
The Marketplace is the main project As each asset genuinely is unique, you
that we have been quietly working on for need to find a buyer/seller pair for that
many months and is the centrepiece for specific NFT to make a trade. This is very
everything we do going forward. We are different to traditional ‘Fungible’ stock/
proud to announce that it will run on Smart crypto markets whereby you only need
Contracts from day one. a buyer or seller for a quantity of that
stock/token.
Smart Contracts can be defined as code We will never be able to fully solve this,
that is stored on the blockchain and can but what we can do is create features
be triggered by on chain actions. On our that maximise the amount of ‘acceptable
Marketplace, the smart contracts will trades’ in the ‘order book’. What we
store the NFTs/ADA, ready to send them mean by this is that, of the set of people
immediately, once the conditions are met. that would trade their NFT, many do not
By utilising this powerful functionality, we simply because of the effort to list it for a
are able to offer a Decentralised secondary price they would be happy with. The more
marketplace where we can guarantee the options we give people and the better the
results of all accepted sales. user interface, the more likely people will
list their NFTs.
User experience is everything to us and
with NFT, the user experience needs to The most common use case will be the
cater for the uniqueness of the tokens. ‘Buy It Now’ Functionality.
We are going to start by ensuring we have
the best possible searching functionality This will allow the NFT seller to set up a
in the space, we will use all of the data smart contract to temporarily ‘store the
available to ensure you are able to find the NFT’ and will be set to ‘trigger’ at a given
exact NFT you are looking for, as quickly price that the seller decides. Potential
as possible. Further to this, we want to buyers can then view the listing and if
allow users to feel like the collectors that they wish to purchase, will simply send
many of us are, allowing you to set your the amount of ADA to the smart contract
collection as public to show your NFTs to the address using our Payment Gateway,
community and be open to offers on them! thus triggering the contract to send the
Combining these elements with a smart NFT to the buyer and forwarding on to the
notification system will ensure you are able ADA to the seller. This option will allow
to react quickly in a fast moving space. users to remove their listing (by canceling
One of the biggest challenges with NFTs is the smart contract). No more waiting
the ‘liquidity problem’. This is essentially for the seller to send the NFT, no more
a problem unique to the space. uncertainty.
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296.2 MARKETPLACE
We will offer a ‘Standard Auction’ their listing (thus canceling the contract).
functionality. Conversely, we will be offering ‘Dutch
Auctions’ whereby the price will be set
This will allow the NFT seller to set up initially high by the seller which then
a smart contract to temporarily ‘store slowly falls until either a buyer purchases
the NFTs, set to ‘trigger’ after a given the NFT or the timer expires. This feature
time that the seller decides (assuming will add an alternative bidding strategy
the reserve price is also met). Potential whereby people can risk missing out in
buyers can then view the listing and if the hope of getting the NFT for a lower
they wish to purchase, will simply bid the price or buy it early to ensure they obtain
amount of ADA they desire. the NFT.
Behind the scenes, this will send the ADA
bid to a smart contract address where it Future additions.
will remain whilst the auction is in progress,
higher bids will then automatically close Those listed above are the initial types of
the smart contracts containing lower bids auctions we plan to host, later additions
so that buyers receive their ADA as soon as will see options where an auction can be
it is not going to result in a win. extended by a short period of time if a
Once the auction has completed, the new bid has been added in the closing
smart contract will send the correct NFT minutes, which should add a new
to the smart contract of the highest dynamic to this process. We are also
bidder to claim the ADA, thus triggering considering adding functionality to allow
the contract to send the ADA to the seller. bartering, whereby people will be able to
This option will not allow users to remove offer to trade actual NFTs with or without
additional ADA which will help collectors
to swap the collections they are looking for.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
306.2 MARKETPLACE
We will also integrate a ‘Seeking’ fungible assets.
functionality.
As you can see, using the smart contracts
This will be a new type of method that will process has many advantages and some
mostly be used by dedicated collectors, of the common bad practices such as
but will allow the buyer to create an open canceling sales or taking several hours to
ADA Bid amount for a specific NF T, utilizing send the NFT are eliminated by default.
multi-signature transactions. All payments, listings, offers will be
handled through our native NFT-MAKER
Potential sellers can then view the list- Payment Gateway that easily connects
ings and, if they have an NFT that matches with all major Cardano wallets. For more
the buyers criteria, they can then send the information regarding the NFT-MAKER
NFT to the Smart Contract, thus triggering Payment Gateway, please see the relevant
the contract to send the ADA to the NFT section below.
seller and the NFT to the buyer. This is
particularly interesting as it further helps
to solve the NFT liquidity issue, whereby
due to their unique nature trades can
only occur between parties that desire
the single, specific NFT as opposed to
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
31PAYMENT GATEWAY 6.3
6.3 PAYMENT
GATEWAY
The NFT-MAKER PRO API does require a familiar ‘online shopping-like’ experience
reasonable amount of technical skill to offered by services like PayPal.
deploy.
Until now, one of the most noticeable
Because of this, we wanted to bring it to differences with using Crypto vs FIAT
the next level and have created the native has been the specifics of requiring the
NFT-MAKER Payment Gateway, which is user to personally manage working
a ready made interface that projects can with large random cha-racter strings
add to their sites as needed by simply for addresses. This can be particularly
copy-pasting the code. Releasing this not stressful and complex when trying to
only removes yet another technical barrier get involved in a popular mint and likely
to entry but also creates a more uniform causes many users to accidentally send
approach to the way our community ADA to the wrong address. Knowing this,
interacts with NFT drops or anything else as the Payment Gateway makes the
Cardano NFT related. API calls, it automatically handles the
target wallet address for the user, allowing
This powerful component handles all them to focus on the amount of ADA and
of the complexity behind the scenes, identifying themselves.
utilising NFT-MAKER PRO by making the
calls to our API, which in turn will reserve As our Payment Gateway auto-
the NFT and prepare a transaction, ready matically handles this in the back-
to be signed by the users wallet. This all ground, we expect the days of manually
happens behind the scenes not just for copy and pasting strings to slowly fade.
the end user, but for the project creator
too. No more single addresses, no more Moving further into the future, you can
copy and paste. quickly see how this is a gamechanger for
mass adoption, when a user is purchasing
In essence, any NFT project receives all of a ticket, some art, a car or a house – users
the benefits of our powerful API, without ultimately want to know that the details
needing the deeper technical knowledge are correct with the minimum effort.
to set it up. This already is the gold- They want the item, not the responsibility
standard in Cardano minting techno- of getting the data right. Because of the
logy and we just made it better and more considerable increase in usability and the
accessible so as to help ensure a uniform user experience – we expect this to be
approach across the ecosystem. the primary payment gateway within the
Cardano community going forward.
Our Payment Gateway has been designed
to evoke more of the seamless and
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
33STAKE POOL 6.4
6.4 STAKE POOL
After completing 422 blocks and just over Stake Pool partners to form ISOs. This
1 years of active service, the BABEL Stake is a big differentiator and encourages
Pool was retired, but the community people to look at those pools over others
built around it lives on. We are happy to as the delegators will receive rewards in
announce that this Pool and all of its the form of tokens for the DEX.
previously pledged assets are being
rebuilt as the NFT-MAKER Pool. At NFT MAKER, we want to push this
even further with absolute focus on
Crypto in the broadest sense represents the CNFT space, by offering the best
innovation, just as Crypto has been at the possible rewards for people who are
cutting edge of technical advancements interested in CNFTs.
in the field of finance, such advance-
ments must be reflected in Cardano
Stake Pools.
The base reality is that all pools average
out at ~4.5% APR in terms of their
staking rewards (this is built into the
protocol) making it hard for Stake Pools
to stand out.
Overtime we have seen the space
innovate, initially by coupling rewards by
giving to charity, some pools have also
moved to ‘bare-metal’ implementations
over using Cloud instances offered by
large corporations.
These are great methods for making
the pool unique but only offer indirect
benefits to their delegators. Already we
are seeing how DEXs are launching with
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
356.4 STAKE POOL
Staking to this pool will bring its As if this wasn’t enough, we are also
delegators unique benefits that no working with an initially small group of
other pool can offer to begin with, as stake pools for other CNFT Secondary
summarised below: Markets – this can expand over time to
include other select pools but will need a
• Lower exchange fees when trading large majority decision to do so.
CNFT’s on the NFT-MAKER Marketplace
To put it simply, if you have any interest
• Lower minting fees when buying NFTs in CNFTs – this will be where you stake
from projects using NFT-MAKER PRO your ADA.
• Exclusive CNFT airdrops We believe that continuing to innovate
in this way not only helps to provide
• Regular $NMKR Token distributions maximum value for the Cardano
Community, but also further establishes
Cardano as a key player in the Crypto
market. Other blockchains may use
Proof-of-stake in the future, but no other
blockchain will be able to offer this level
of utility from its staking. The more utility
we can offer, the more likely people are
to hold and stake their ADA, resulting in
a stronger, more decentralised Cardano
Ecosystem.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
36WALLET 6.5
6.5 WALLET
Wallets are the way you ultimately
interact with the blockchain.
And Cardano has a plethora of options to
choose from, ranging from the full-node
wallets like Daedalus[7] to the lite-clients
like Nami[8] and CCVault[9]. These wallets
range in their complexity of use, but one
thing that is not regularly discussed is
the base level knowledge needed to get
started on Cardano (or any blockchain).
Even the simplest of wallets (necessarily)
requires the user to download an app, write
down and remember a seed phrase, sign up
to an exchange, move fiat to that exchange,
purchase ADA, find the destination wallet
address (which is essentially a very long
string of random text) and then send it,
finally then, they have ADA in their custody.
As people very deep into Cardano and
Crypto as a whole, this challenge is often
overlooked, but is one that we need to
solve if we are to obtain the mass adoption
that we all strive for. You may even have
anecdotal evidence of trying to show a
friend or family member how to get started
and seeing them immediately confused or
apprehensive at the prospect.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
386.5 WALLET
To solve this, we are developing a This wallet will be integrated into the NFT-
beginner wallet. MAKER Marketplace accounts and will be
similar to the user experience of Ada-lite[10].
This wallet will be specifically built as a We believe this is required to get people
first step into the Cardano ecosystem from outside of the Crypto community to
and aims to allow for the fastest and be involved in Cardano.
simplest entry.
You may be thinking about the security
The onboarding process will work be implications of this, possibly thinking
presented like this: about how does the user get their seed
phrase and other queries about this being
1. User wants to Buy an NFT for an initially non-custodial wallet. We believe
the very first time that this is something that can be solved
through education which will be covered
2. User clicks on the „Buy with in more detail in one of the next sections.
NFT-MAKER“ button Even so, this wallet will still be highly secure
and is only meant to be the first step into
3. Payment Gateway opens, the ecosystem.
user selects the „Pay with FIAT“
option
4. User then pays using their
FIAT currency as with any other
online payment
5. The user is presented with
an option to „Claim the NFT
by creating your NFT-MAKER
Marketplace Account“. They
select that option, register
in 1 click via a Third-Party
Registration connector and
voila, they have an NFT in their
first non-custodial wallet.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
39GAME LAUNCHPAD 6.6
6.6 GAME
LAUNCHPAD
MY WALLET IS MY GAME LIBRARY
In the early console generation of gaming, What if, by using the power of NFT’s, we
games were distributed on discs that can have the best of both worlds?
players would be able to purchase for
a one time fee from stores. Part of the Imagine the NFT being the equivalent of
revenue would go to the publisher and a ‘digital disc’ whereby if your wallet has
part to the store. Over time, many gamers the game NFT in it, then you can access
would decide to ‘trade in’ their games for the game. With this in place, people would
a reduced price to recover some money then be able to purchase the game ‘brand
for which they could then purchase new’ from the publisher and eventually
another game, leaving the store with the sell it on a secondary market later which
opportunity to sell the returned game as can be tracked to provide a royalty to
‘pre-owned’. Pre owned games worked the developers over time. Pushing this
exactly like the brand new games (as concept further, it is easy to see how the
long as the disc was in good condition). idea of collectors editions can be set up
as ‘limited collection NFT’s whereby the
But after that original sale, the publisher biggest fans of a series or more serious
would never get any more revenue. collectors can aspire to hold the rarer
For this reason, a new era began with the editions. Beyond this, certain editions of
games being owned digitally which meant the game may provide an in-game skin or
that the game ownership was linked with other item (something commonly seen
the users digital account and thus they with collectors editions) – the possibilities
could play the game on any console they are endless.
were logged in on without the disc, but
were unable to ‘trade it in’. Doing so meant
that developers essentially ensured that
they earned revenue from every game
purchase.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
416.6 GAME
LAUNCHPAD
DECENTRALISED FUNDING –
GAME CHANGING
Often, especially with the AAA studios,
there is an enormous amount of risk in
developing the next title – with 10’s, even
100’s of Millions of Dollars to recover, they
often have to ‘play it safe’ or compromise
in other ways to ensure a return.
Instead of this, we will use decentralisation
and NFTs to allow for the next iteration of
crowdfunding, whereby the community
can decide to pre-purchase a game (as an
NFT) before it is released at a discounted
price. Doing so not only allows the
community to directly decide which
games they want to be created but also
allows for potentially more adventurous
concepts to be implemented as the risk
will be spread across so many people.
Once the game releases, it can then be
set to the full price, thus rewarding those
who helped to fund its development whilst
allowing everyone to play. Later down the
line, we intend to create a decentralised
treasury that can further help to develop
and market these games, inspired by
Cardano Foundation Treasury.
Implemented how we plan to, we think this
will truly revolutionise the way that games
are funded, developed and distributed –
at the very least, you won‘t ever need to
create another account ever again, just
bring your wallet.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
42LICENSES 6.7
6.7 LICENSES
One of the bigger discussion points we
see amongst the public regarding NFTs is
the question about:
‘What do you actually own’.
For this reason, we are launching a
range of NFT licensing options which
should bring clarity to this somewhat
undefined area. The objective of the
CNFT license(s) is to allow for a modular
approach that has the interests of both
the creator and the user in mind.
It is important that the work and creativity
of the creator is protected, whilst ensuring
that the user is free to enjoy and utilize
the NFT in the way that they desire.
Most importantly, these license(s) provide
several options that will grant clarity,
meaning that either party can offer and
obtain the agreement they are looking
for. Once released, we will then be able to
add this as a part of the metadata for the
project creators to specify, thus locking
this information on the blockchain forever
and confirming exactly what the NFT
represents for the owner.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
44CNFT
AWARDS[11]
6.86.8 CNFT
AWARDS
This past first year has been incredible For this event, we hope to bring everyone
for Cardano and the NFT space as a together, putting all competition aside to
whole and to show our appreciation, we acknowledge what we have all achieved
are bringing the community together for and inspire us to continue for many years
a celebration of all the amazing projects to come. This will be the first of many
that have been built over this short events which we plan to return on a yearly
period of time. In true Cardano Style, we basis, maybe even in person.
will in future iterations giving you all the
opportunity to participate in selecting For now though, we look forward to this
the winners by using on-chain voting. For spectacular event and hope you will be
this event, we hope to bring the spotlight there with us!
onto our communities favourite projects,
with awards such as; Most Impactful,
Best community driven and of course,
Best Digital Art.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
46PARTNER PROJECTS 6.9
6.9 PARTNER
PROJECTS
PROJECTS IN WHICH NFT-MAKER WAS A DIRECT TECHNICAL
PARTNER, OFTEN DEVELOPING WEBSITES, PLATFORMS AND
INTEGRATING NFT-MAKER PRO.
Budja.io OCCVLT Archives
budja.io occultarchives.io
live live
ADA Ninjaz The Watchm3n
adaninjaz.com thewatchm3n.com
live live
Bluechip Exchange The Hoskinsons Season 1
bluechip.exchange thehoskinsons.com
live live
Ore Ore Ore Season 1 Heist on Alpha
ore-nft.com heistonalpha.io
live live
unsigned_algorithms Cardano Collector Bills
unsigs.com cardanocollectorbills.io
live Q1 2022
CXVENANT.ART TrueEra Festival
cxvenant.art truerafestival.com
live Q1 2022
iAnnet The Rare Reptiles
iannet.nft-maker.io
live Q1 2022
Fluid NFTs Ed Walsh
fluid.nft-maker.io
live Q1 2022
Hornnies Neon Tiki Tribe
hornnies.io
live Q1 2022
Enter the Mandala Wolves of Rome
enterthemandala.io wolvesofrome.io
live Beta Q1 2022
$harkBYtes
shark-bytes.io
live
Alt Press
altpress.nft-maker.io
live
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
48THIRD PARTY PROJECTS 6.10
6.10 THIRD PARTY
PROJECTS
A SELECTION OF PROJECTS THAT USED NFT-MAKER PRO TO
LAUNCH THEIR PLATFORMS OR NFT COLLECTONS.
PLEASE NOTE THAT WE DO NOT HAVE ANY DIRECT CONNECTION TO THESE PROJECTS EXCEPT THAT THEY USED OUR MINTING TOOL.
The 2600 NFT Project Bitlands CNFT Oil Paintings
2600.quest bitlands.art keww.io/Oil-Paintings-/-CNFT/
ADA Exotics Blockchain Games CryptoRaggies
adaexotics.com blockchaingames.company cryptoraggies.io
ADA Apocalypse Borg Club Cuddly Koala Club
ada-apocalypse.com borgclub.io cuddlykoalaclub.io
ADA BLOCKS BotBois Darts World Championship NFTs
adablocks.wixsite.com botbois.io dartsnft.co.uk
ADA Bulls Club Bull-Ish Degen Crypto Club
adabullsclub.com bull-ish.io degencryptoclub.com
Ada Clouds Burn these Dudez EARTH NATIVES
adaelementz.io burnthesedudez.com earthnatives.io
AdaCubes Cardano Caricatures Empowa Founding NFTs
adacubes.io cardanocaricatures.com nft.empowa.io
Ada Dragons Cardano Combat Ethermobs
adadragons.com cardanokombat.com ethermobs.co
ADA HEADZ Cardano Feeds Fort Gotten
adaheadz.io cardanofeeds.io fort-gotten.com
ADAPunkz CardanoPix Galactic Guardians
adapunkz.io cardanopixel.com galactic-guardians.com
ADA Skullz Cardano Waifus Gentophile
skullz.io cardanowaifus.com gentophile.art
Ash and Tray Carda Worlds Greasy Monkey
pixelado.art/projects/ash-and- cardaworlds.io greasy-monkeys.com
tray-comic-strip-cardano-nft
Avocado Breakfast Club Cardania NFT Ghostchain
avocadobreakfastclub.com cardania.com nftghostchain.com
Baby Alien Club CardogeNFT Grumpy Bunny
babyalienclub.com cardogenft.io grumpybunny.io
Baby Dragon NFT ChaosColony Heroes, Reimagined
babydragonnft.com muse.place/chaoscolony heavymetalteacup.com
Barn Riot Cheeky Unts ADA Apocalypse
barnriot.com cheekyunts.com ada-apocalypse.com
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
506.10 THIRD PARTY
PROJECTS
Grumpy Bunny Old Money Unbounded
grumpybunny.io oldmoney.io unbounded.earth
Heroes, Reimagined PlayerMint UniCoins
heavymetalteacup.com playermint.com unicoinscnft.com
ADA Apocalypse Project Wights Veggiemates
ada-apocalypse.com projectwights.com veggiematesnft.com
Inherited plants PunkAss Viral NFTs
inheritedplants.io punkass.io cryptohippoz.io
Kid Yokai PunkBabyHouseParty VyFi NFTs
kidyokai.com punkbabyhouseparty.io vyfi.io
Knitties ROBOROBO
knitties.io roborobo.gg
Lord of the Coins Savage Rabbits
fireflyshire.com/lordofthecoins savagerabbits.io
Lucid Dreams Shark Squad
luciddreamsupply.com sharksquadcnft.io
MADA‘s Lemur ShelterPets
mada-s-lemur.xyz shelterpetscnft.com
MAD in Art Snow Skellies Park
madinart.io snowskellies.io
MechVerse Soho Kids
mechverse.co sohokids.net
Moonimals Stik Friks
moonimalsnft.com stikfriks.com
Mutant Crocs. Teddy Troops
crocs.mutant-nft.com teddytroops.io
NeoTribes Cardano Waifus
neotribes.io cardanowaifus.com
NFT Hubs ThreadWorldCNFT
nfthubs.io threadpunks.org
nftseed Threefold Bold
nftseed.io threefoldbold.io
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
51EDUCATION 6.11
6.11 EDUCATION
Something we know for sure is that to adopting it.
facilitate mass-adoption, we need to
help educate the wider community and Regarding the NFT-MAKER wallet, this
the general public about NFT’s as much will be the first interaction many people
as possible. This is not just interns of have with using Crypto, so we will ensure
understanding the technology but that this beginner wallet has very clear
actually how to get started using it. initial warnings and explanations about
how they will eventually need to take
So far we have worked with NFT Project custody of their NFT’s. We plan to have
Creators to create various guides on what this user experience naturally flow into
NFT’s are and how to launch a project, very clear guides on how they can create
ranging from specific clips to full end- their own wallet and take full custody of
to-end implementations. This has been their NFT.
a great start and is something we will
continue in the future by enriching our We are focused on providing
Knowledge Hub to become a place where education through multiple channels
people of all experience levels can learn and establishing the NFT-MAKER
about NFT’s, Crypto and of course the Knowledge Hub.
NFT-MAKER Ecosystem.
Currently, our information is stored in the
NFT-MAKER Knowledge Hub as well as
our YouTube Channel and we have long
term plans to fully enrich this with content
designed for developers, creators and
anyone looking to venture into the space.
We want this Knowledge Hub to become
the ‘go-to’ place for all information
related to NFT’s, a genuine place where
people can learn about this technology
with the hope that this will lead to them
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
53ROADMAP 7
7 ROAD MAP
Q1 2022 Q2 2022 Q3 2022 Q4 and beyond
• Marketplace Launch • Fiat Payment • NFT-MAKER Game • NFT-MAKER News
Integration Launchpad Outlet
• Stake Pool Launch •
Milkomeda Integration • NFT-MAKER Wallet • Additional Voting
• $NMKR Token in NFT-MAKER PRO Mechanisms
• • Unannounced Chain for $NMKR
• Whitepaper Release CNFT Stake Pool Integration
Alliance in NFT-MAKER PRO • Inegration of
• Smart Contracts in • NFT-Minting & Trading
NFT-MAKER PRO Smart Contract Audit • Additional Voting for 2 more additional
• Mechanisms Blockchains
• Marketplace Trust NFT-MAKER as 3rd for $NMKR in NFT-MAKER PRO &
Score Party Login the Marketplace
• • Marketplace Bundle
• Marketplace ADA Marketplace Social Sales • NFT-MAKER Party
Handle Integration Features
• • NFT Calendar • Physical Asset NFT
• CNFT Awards Digital Identity for Integration
NFT Artist Verification • Live Minting Ticker
• • NFT Staking
Procedrural • NFT Fractionalization
3D NFT Galleries in NFT-MAKER PRO • NFT-Focused-Layer 2
Research
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
55CONNECTING THE ECOSYSTEM WITH $NMKR 8
8 CONNECTING
THE ECOSYSTEM
WITH $NMKR
We want this ecosystem to be as engaged In the following section, we have outlined
as possible, the best possible place to be in detail some of the initial elements that
for anyone interested in NFTs. In order to we plan to implement in the short term,
make this possible, we will be releasing a whilst providing an idea for our vision in
Utility Token $NMKR. Our goal therefore, the long term. Ultimately this token will
is to provide the maximum possible utility represent your engagement within the
via the $NMKR token. At a glance this Cardano NFT space and we plan to ensure
means that holding $NMKR will grant it has the best possible utility for all things
you rights to vote on all kinds of changes NFT related.
related to the NFT-MAKER Ecosystem,
ranging from how we adjust reward para-
meters to verifying NFT projects as being
real.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
57ARTIST VERIFICATION AND FRAUD PREVENTION 8.1
8.1 ARTIST
VERIFICATION
AND FRAUD
PREVENTION
Bad actors are currently one of the biggest you are to actually be the person you
threats to the space, with scams ranging claim to be – getting this right opens up
from convincing victims to send ADA to a unbelievable opportunities for a better
false address to stealing art for minting – user experience and in the early days
this is something that we must work hard will help the com-munity to assess the
to stop. To do this, we plan to introduce trustworthiness of sellers.
a form of ‘trust score’ for every user on
the platform. The initial metrics for which In essence, this will provide potential
will be rated by two data points; their level buyers with information which can help
of identification through a digital identity them assess how much the seller has
focuses system and their level of Stake*. to lose by being a bad actor. Gene-
rally speaking, the more identifiable
The digital identity part of this could a person is and the more they have to
very easily become a whitepaper of its lose, the less likely they are to be a bad
own, the main concept to convey here is actor. We feel that this is a balanced
how we plan to bring in the next iteration approach that still allows people who
of solving digital identities. Ultimately, wish to remain anonymous or are unable
every username, email password combo, to acquire large amounts of the $NMKR
account and sign up you have ever done has token to participate in the market, whilst
been for the purpose of allowing platforms ensuring that potential buyers know ‘how
to verify who you are. In later sections of much skin the seller has in the game’.
this document, you will see the basis of ‘My Having this in place, as well as the further
wallet is my game library’ – well what if your verification process listed below, should
wallet was your digital identity too? Rather help to reduce the scope for scams and
than creating yet another account, you just other negative actions on our platform.
show them your Digital ‘Driving License’.
We are in the very early stages of designing
this solution, but to put simply, the plan
is to create an identity where you can
progressively link various already existing
accounts to this digital wallet.
As an example, if you want to claim to be
the owner of a certain Twitter Account, *Identification Level – What % of the NFT-
you will link this to the wallet and in doing MAKER Profile (linking to social media) and KYC
so provide a two-way verification. The has this user completed.
more links are made (and potentially Stake Level – How many $NMKR tokens is this
including actual KYC), the more likely user risking if they are found to be a bad actor.
All rights Reserved. Confidential And Proprietary Material. WhitePaper Vers. 1
59You can also read
