NFTrade integrating Harmony

Funding Proposals Grants
1

Name of Project / DAO / Company

NFTrade

Application type

Ports

Proposal overview

NFTrade is the first cross-chain and blockchain-agnostic NFT platform. We are an aggregator of all NFT marketplaces and host the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, p2p swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.

NFTrade launched on its first mainnet in May 2021 and quickly reached top positions on the market. We are now the #1 NFT DEX on BSC and Avalanche and #2 on Polygon by volume and by users (NFT (Non-Fungible Tokens) Marketplaces | DappRadar) and are working towards additional integrations. Harmony Protocol is one of the next integrations we are keen on doing, with the support needed from the dev team and community.

NFTrade is a multi-chain (and soon-to-be cross-chain) NFT marketplace. Platform and aggregator. Integrating with Harmony will reduce isolation of usage and liquidity, offering a one-stop-shop where users can access all of their NFTs across different chains in one place. Our goal is to be the #1 NFT marketplace on Harmony, as well as provide value to Harmony project development teams through our unique features like our NFT farms and launchpad.

NFTrade has been live on 4 mainnets since mid-2021, currently reaching the #1 spot on BSC and AVAX in terms of marketplace users and volume, and #2 on Polygon. We currently have over 10,000 monthly active traders, with hundreds of thousands of website visitors on a monthly basis. We are requesting $250,000 to build out our Harmony NFT ecosystem and launch a marketing/business developmeny campaign within the ecosystem. Our milestone is to become the top NFT marketplace (and one of the top dApps) on Harmony.

Team

We are a team of 10:
• Ori Levi - CEO (linkedin leviori)
• Shahaf Antwarg CTO (linkedin shahafan)
• Harrison Seletsky - Head of Comm (linkedin harrison-seletsky)
• 2 Developers
• 5 BD associates focused on operations and marketing

We are open-minded, creative, and passionate about what we are building.

Proposal ask

250k$

Justification

  • integrate Harmony Protocol
  • explore cross-chain possibilities
  • implement cross-chain
  • cross-marketing activities
    -business development and marketing campaign within the Harmony ecosystem

Metrics for success

Top NFT marketplace on Harmony Protocol and top 5 dApp by users, trading volume, and TVL (via our NFT farming application).

External links

App - https://nftrade.com
Twitter - https://twitter.com/NFTradeOfficial
Litepaper - NFTrade Litepaper - NFTrade Litepaper

4 Likes
2

Thank you for the proposal. However, we feel your $250k ask is excessive given you have already ported to other EVM-compatible chains. Can you please revise the ask and specify what exactly the funds would be used for? Thanks.

2 Likes
3

For a breakdown of the grant, we will use the money towards:

• development and integration

• a dedicated marketing team specifically for Harmony NFTs and business development

• a specialist for running your nodes

4

Thank for the clarification. We are excited to have NFTrade on Harmony and I’m sure the community will love it.

But as I mentioned, the ask is too high. What I would like to propose is a milestone-based grant.

I recommend first changing the ask to a $50k Port grant to help you with the development efforts of adding Harmony. Once successfully deployed and we see significant traction, we can discuss follow-on grants to help with your growth. This way we can unblock you and kick-off co-marketing efforts.

How does that sound?

2 Likes
5

Grant Request

$50K for porting to Harmony mainnet

$35K for 500 transactions/week + 3K indexed/week

$35K for 1,500 transactions/week + 5K indexed/week

$35K for 3,000 transactions/week + 10K indexed/week

$35K for 7,000 transactions/week + 20K indexed/week

Grant will be used to:

  1. Introduce functionality as a NFT marketplace and indexer on Harmony.
  2. Create, buy, sell, p2p swap, and farm Harmony-based NFTs
  3. Support Harmony-based DeFi projects, GameFi projects, and NFTs through our various features
  4. Operate an independent Harmony node
  5. Hire someone to aid in Harmony-based marketing, business development, and operations.
  6. Maintain and update the marketplace for upcoming game items and NFTs that are released in the future.
6

Thanks for the reply @NFTrade. I think the best path would be a port grant of $50,000 with the possibility for a follow-on grant / additional funding on successful completion of on boarding Harmony to the platform.

Can we agree to those terms?

2 Likes
7

We really wish you’d consider our $50K Launch grant based on the guidelines at Apply for Grants or DAO. We will also provide support for cross-marketing, AMAs and featured listings.

We recommend a $50K equity-free contribution each:

$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).

Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

We’re happy to make the introductions to the ecosystem with the NFT builders on Harmony. We hope this Launch grant format works for NFTrade that you’d be able launch on Harmony soon.

1 Like
8

We’ll pause this proposal for the time being and circle back in the near future.