NAKSH - NFT Marketplace on Harmony Protocol Launch Proposal

Name of the Project:
NAKSH - NFT Marketplace for Indian Artists and Artisans

Proposal overview:

Naksh is an NFT Marketplace for Indian Artisans and artists, aiming to give equal opportunity to artists who work on physical medium as well as digital medium. The marketplace offers unique curated artwork from rural and traditional artisans who showcase Indian culture through their artwork. Along with these traditional artists there will also be space for the Indian digital artists to mint their artwork and showcase it to the world.

Naksh was ideated when 1). we saw the lack of artists in the NFT space who create their work on physical mediums. 2). The lack of platforms that were accessible by the Indian Audience as well as Indian artists.

We feel like the ever evolving web3 ecosystem brings a lot of innovation and use cases within the NFT Space. We’ve seen how digital artists have adapted to this change and have started utilising the WEB3 Space to showcase their work. We believe that this opportunity should be extended to artists across all mediums and walks of life. We aim to be the future for art exchanges.

Currently our platform is being built on NEAR testnet, and our next ideal step is to build on Harmony.

Majority of the more rural artists are not aware of the presence of such technology which can empower, educate, monetise and preserve their work. The need for a vehicle to help Indian artists access the larger digital ecosystem with their physical products gave us an incentive to build Naksh.

Naksh’s USP also includes selective “REDEEMABLE” products that a customer receives on purchasing an NFT on the marketplace. This adds value to the article by providing a tangible product along with the digital asset.

The business model
5% Platform Fee on Selling. 95% to the artist.

Naksh team

Naksh is a team of 8, With 2 Co-Founders, 2 developers, 2 Designers, one Content writer and one Technical Advisor.

Co-Founders

Nivedita Vivek
Role at Naksh - Founder and CEO
Worked with a Retail Start-Up, managing Social Media Campaigns, Strategy and Inventory Planning.
Responsible for Marketing Strategies, Planning of Drops/ Artist Collections, Onboarding Traditional Artists and Research on Traditional Indian Art Forms that can be added to the Marketplace. Also, leading the Phoenix Guild to empower women in Web3, part of the Ocean Protocol Ambassador program.

Srilakshmi T.C
Role at Naksh - Founder and CEO
Worked in the Product Development Team at an Apparel Manufacturing Company.
Responsible for Business strategies, Brand Development, Financials, Onboarding Emerging Talent in the Indian Art Industry focusing on Digital and Urban art. Also, leading the Phoenix Guild to empower women in Web3, part of the Ocean Protocol Ambassador program.

Anjli Nair
Role at Naksh - UX consultant, responsible for the design of the digital platform and aiding in user research and testing.
A product designer and user researcher, with over 4 years of experience designing digital products in various domains. She currently works full-time at a healthcare startup in Bangalore, India.

Krithika Kalahasti
Role at Naksh - UI UX Designer , responsible for marketplace research, design and User testing.
With more than 1 year of experience in designing digital products across various industries like health-care administration, ed-tech,
insurance, and the food industry. Working as a full-time UX/UI designer at a software innovation and development studio in Chennai, India.

Abhishek Venunathan
Role at Naksh - Back End Developer
Back end developers with more than 3 years of experience in developing, testing , deploying and maintaining RESTful APIs on cloud solutions

Hemanth Kumar
Role at Naksh - Front End Developer.
Currently working at a technology consultant startup with experience in Reactjs, React-native & NextJS.

Ankit Kumar Sharma
Role at Naksh - Content Writer
Currently writing blogs and website content for the platform and social media content whenever required.

Gnanalakshmi T C
Role at Naksh - Technical Advisor
A Technology Geek, Innovator, Keynote speaker, Community builder.
She is also a Fellow Alumni at WomenWhoCode and started the WomenWhoCode Blockchain community She is currently involved in a few NFT projects as a Solidity developer and is the Blockchain Architect at a Decentralised Fantasy game org known as CoinFantasy. She is an ambassador at various layer-1 chains like Aeternity, Algorand, NEAR Protocol as well as Covalent. She is passionate about education and technology.

Traction

Instagram - Nakshmarketplace
Reached 1041 accounts in the month of January

Twitter - @Nakshmarket
28.1K Impressions, 12.4K profile visits, 303 followers till the month of January.

Discord Community (Set up on Nov 18th 2021) -
72 members

Telegram Community (Set up on Nov 28th 2021) -
32 members

Proposal Ask :

40K$

Milestones :
$10K after launching a feature-complete product on our testnet
$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)

External links
[Pitch Deck - Naksh - Pitch Deck - Google Slides
Microsite - www.Naksh.org]

1 Like

Hi Guys,

We have some updates on the project. We have already launched our product on NEAR Mainnet, you can view it at https://naksh.org/.
We want to make it multichain, and Harmony seems like the best choice to start with. Since NEAR is on RUST we will have to build the backend from scratch and deploy it on Harmony.

It was great meeting and talking to @gabby by at ETHDenver and explain our project.
Hope we can expedite this grant process and looking forward to working closely with Harmony.

Thanks,
Regards,
Srilakshmi

Hi @Srilakshmi , thank you for your proposal, and congratulations on your site launch.
Regarding the implementation of Harmony, would you build an entire new site with a different domain, or keep the same one and build the backend as well as some frontend UI for enabling Harmony?

Also, can you elaborate on this please? From the quote below I understand that in the first purchase/mint of the NFT, the artist gets 95% and the platform 5%. However, what does the fee/compensation structure look like thereafter in the secondary market?

Hi @gabby ,

Thanks for the response.
We will be keeping the same domain and build the backend with changes in the UI.

As of now, we don’t have the secondary marketplace integrated on to the beta version, but we are working towards it in the release of the 2nd version.
Once the secondary marketplace is setup, 5% will be the marketplace royalty and 10% will be the artist royalty.

@Srilakshmi , this proposal is approved for a $40K 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 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!

Hey @gabby ,

Thanks a lot for the approval! Super excited to work with the Harmony team, looking forward to building our project on the testnet for the First milestone!

Will keep you guys posted on the updates.

Have joined the harmony socials! Will let you know if we have any queries.

Thanks! :star2:

Hi All!

I just wanted to introduce myself since I hadn’t been able to here, I’m Nivedita Vivek the co-founder of Naksh. At Naksh, I mainly work on onboarding traditional artists and setting up their journey with us from A to Z, Plan marketing activities for Naksh and also help with curating the marketplace.

I also wanted to give the community a few updates on what the Naksh team has been upto since the grant got approved.

  1. We have set up the Gnosis Safe MultiSig wallet and also completed the KYC Procedure.
  2. Both @Srilakshmi and I have joined the grants TG Group.
  3. We have onboarded Solidity Devs to begin building our product on the harmony testnet as part of our first milestone.

We would love any suggestions and feedback that could help our testnet launch and make our presence in the Harmony Community a strong one!

Thanks :blush:

1 Like

Hi @Nivedita_Vivek,

Looking forward to this project. Please continue to provide weekly updates on this thread to keep the community posted on progress!

$10K after launching a feature-complete product on our testnet
$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)

Thank You!

1 Like

Hi,
Apologies for the delay in the updates!

Currently we are working on the back end integration of the project.
We have already completed wallet integration with harmony.
Have implemented Single NFT mint and purchase, implemented the auction logic in the back end.
Self minting, bulk minting contracts are ready from the back end.

We are working on the designs for the Self minting and bulk minting at the moment to integrate front end and back end to launch the testnet.

We also also working on the strategies to to introduce harmony integration onto our existing community and also get more user into the chain.

Once we have our integration ready we will also open up the platform to the digital artists.

Will keep you posted on further updates!

I do have a request, please let us know if there are any guilds or DAO’s that work with Harmony projects and help with marketing. We are very much open to collaborate.

Thanks!

Hi All!

Since we will be launching our testnet very soon we thought this was the best time to announce our integration with harmony! You can read all about it in our blog post here - Harmony and Naksh. In March 2022, Naksh Marketplace… | by Naksh | Jun, 2022 | Medium

@cheualx @gabby Would love to know if there are any specific communities/guilds/services we can find from within the harmony community for marketing help.

Will keep posting updates regarding our progress!
Thanks :slight_smile:

@Nivedita_Vivek DM’d you