ENVELOP (NFT wrapping protocol) Harmony implementation

Funding Proposals Grants
1

Name of Project

ENVELOP DAO

Proposal overview

ENVELOP (NIFTSY) (https://envelop.is) is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation and anti-fraud system. Mainly focused on B2B segment. Now easily implemented in GameFi, Marketplaces, Art, Metaverses and non-pledge NFT-rentals.

Project’s long term aim is cross-chain tokenization of payment channels (rollups) to intensify unused liquidity. What will lead further to the world’s biggest market - derivatives - ENVELOP is to create first secured decentralized derivatives.

ENVELOP DAO consists of three main parts, binded together by NIFTSY token:

  1. Protocol to add the digital assets inside NFTs and set on-chain royalties;

  2. Oracle to score the collateral and assess the quality of assets inside NFTs;

  3. Index to hedge the position to the whole NFT market — becomes one of the first decentralised and collateralised simultaneously market indices for NFT and related assets (synthetic, among others).

ENVELOP aims to be cross-chain, now launched on Ethereum, Binance Smart Chain, Polygon and Avalanche main-nets, on development on WAX and Zilliqa. Planning to expand starting from Harmony as one of most promising chains, then forwarding to Solana, Flow, PolkaDot and Atom.]

Team

[ENVELOP team has more than 8 years experience in crypto-space, 15 years at executive IT-product management at FinTech, E-commerce, IT-consulting as well as entrepreneurial experience at many succeeded Hi-tech projects, combined with professionals from blockchain, crypto-trading and startup backgrounds.

CEO - Aleksandr Shedogubov - Linkedin

Role: management and product

Exp: entrepreneur in the field of IoT, Blockchain and Logistic (Founder Pax Plus)

Other: 34 y.o., 7 years of management experience, 4 years in Web3.0

BDO - Aleksandr Kuzin - Linkedin

Role: development of the product

Exp: entrepreneur, business development of IT products and partner networks for 11 years (EVEN (cross-chain solution founder), Agora, AcquiroPay)

Other: 37 y.o., 13 years years in strategic development, 5 years in Web3.0

CTO - Maksim Sesykh - Git-hub - Livejournal

Role: technology management and development

Exp: entrepreneur, blockchain and smart-contract development software engineer in Blockchain and FinTech (IberGroup (founder))

Other: 43 y.o., 6 years of experience in Web3.0 software development 20+ years

CA - Menaskop - Linkedin

Role: system architecture, legal and tokenomic consulting, information support.

Exp: entrepreneur, Web3.0 explorer and analytic, investor in Ethereum ICO, crypto evangelist, writer, FinTech (Synergis (founder))

Other: 36 y.o., 15 years of experience in IT-legal, 9 years in Web3.0]

Proposal ask

[$50 000]

Justification

[We are requesting $50k in equity-free contribution

$10K after launching a feature-complete ENVELOP (NIFTSY) on the Harmony testnet

$10K after forming a DAO with 5-out-of-9 multisig

$10K after launching ENVELOP (NIFTSY) on the Harmony mainnet with audit

$10K after 1K daily active users (with launch video, full PR promotion)

$10K after 10k daily active users (with a detailed roadmap, governance process)]

Metrics for success

[Integrations with 3 b2b users on Harmony during 2022, starting with Davinci gallery and DeFi Kingdoms.]

External links

General links on the project - https://docs.envelop.is/

Protocol part is launched in Beta now (GitHub - niftsy/niftsysmarts: Smart contracts for Niftsy protocol) on ETH, BSC and Polygon chains - ENVELOP wNFT

Next week wrapping functionality will be added to NFTStars marketplace

Also we have created wNFT Luanchpad (now integrating into partners), held our own pre-IDO via wNFTs on our Launchpad ENVELOP wNFT Launchpad

And application of farming via wNFTs is also launched for our NIFTSY token (also integrating with projects for plug-and-play implementation for their tokens) - Envelop. Wrap NFT

Executed 2 cases for event organizers (cgc.one game summit and WOW-summit in Dubai)) - drop of wNFTs with sponsors tokens inside (time-locked) - launched for them separate smart-contract instances.]

DEMO

1600×712 208 KB

2

Hyped! Looks very good

3 Likes
3

Approved for $50K Launch grant. Congratulations! Looking forward to seeing this built out with the first milestone for a Testnet Launch built on Harmony :tada:

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Funds will be released upon completing these milestones

$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching on our mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on this proposal’s progress!

2 Likes
4

Hello, @Aleksandr hope everything is going well. Did you have the chance to have any advance in Harmony testnet. We see that Metamask it’s connecting.
Can you send us a test NFT or video or steps so we could try it out?
(Edited) Testing to mint one in Testnet. Will be back as soon as we test it after minting.
ENVELOP wNFT
Tested, Wrapped, Unwrapped, with and without collateral.
IS there any way to have a mandatory amount of collateral? I’ve tested without collateral and it gets wrapped.
Thank you!

5

I’ll mark this project as abandoned. As I didn’t receive a reply since April.
Feel free to ping me if it’s working.
Best,

1 Like
8

Hello there!
The work on implementation is on, and never stopped :wink:
We’ve been hardworking on releasing the products built on Envelop - first one released for general public is the tool to settle relations between VC and Startup letting to deal with vested liquidity via wNFTs named “SAFT wNFT”. It opens up dooк to the world of secured derivatives. How you think is such a tool needed in Harmony network?
Also one of main focuses now is on Game-Fi - non-pledge rental of game NFTs, executing the product with partners - first release planned in July.

9

1st milestone accomplished

Info on Envelop deployed in Harmony testnet. All interested parties feel free to check)

Harmony Testnet Deploy V1

niftsy

techToken

Distributor

TrModel

Original 721

10

Envelop DAO multisig address to receive first tranche 0x52195386618b610015880275D87b856eFA83b975

11

Since July can’t get clear info on acomplishement on 1st Milestone. Harmony team always changing requirements. More over after network was rolled back all our smarts in test-net were erased. Who could help to proceed with the grant?
Harmony ecosystem will really benefit from ENVELOP DAO solutions.
We got solutions on hot topics:

  • on-chain royalty and multi-royalty independent from marketplaces (widely discussed in Twitter now),
  • dynamic SBTs,
  • SAFT wNFT solutions to help companies to proof their intentions to hold tokens as promised. (it would be useful for CZ and Sam situation, if used Sam couldn’t sell BNB and start all the mess, but at the same time would have ability to transfer liquidity with no harm for market price).

So count that Harmony team will follow their own terms we signed in the end of 2021.

2 Likes