Port: Artemis Market (first-ever EVM/SOL compatible NFT marketplace)

Name of Project

Artemis Market

Proposal overview

Abstract

  • Artemis Market is the first NFT marketplace to be compatible on both EVM and Solana.
  • Bridging established brands and real life products to Harmony: Artemis Market is currently backed by Alameda, Animoca and Alibaba’s family office, and with co-founders being ex-Goldman Sachs IBD, we are extremely well connected in the realms of traditional assets (Already partnered with Hermes, Goldin Auctions, Watson’s Wine)
  • #Socialfi #Mobile #Crosschain #NFT - end-to-end comprehensive SocialFi suite with its own in-app social community

Introduction
We propose extending Artemis Market - an NFT marketplace currently live on Solana, to Harmony in a two month process to accelerate the growth of the Harmony NFT ecosystem and form part of its core infrastructure.

Artemis Market is already live on Solana, and we are currently looking for partners to “port” across to EVM compatible chains - meaning, the first ever NFT marketplace to have both EVM and Solana compatibility.

Current stage
We have successfully launched our desktop and mobile website on Solana in January 2022. We have also confirmed partnership with numerous renowned real life brands to launch exclusive NFT collections on our platform.

We previously conducted alpha testing though our social community before our full launch. We will conduct similar testing on Harmony, inviting our community to test our platform and provide feedback - the qualified testers will then be eligible for the whitelist for allocation of our ART token.

Having already launched the NFT sale and auction functionalities, we are launching the socialFi aspects of the app in Q2 2022. Artemis strives to be a complete end to end socialFi suite with a friendly and easy-to-use interface. We are imminent to launch our own in-app social community, offering an end-to-end NFT experience for creators to directly connect with their communities, and for users to discover, discuss, share and showcase NFTs, anytime and anywhere.

Differentiation

Creating A Compelling Mobile, Cross Chain NFT Experience

Artemis has been a mobile focused experience from day 1. In Web2.0, one of the greatest innovations that led to the boom in internet adoption was mobile integration which captured massive user time spent and user engagement. With this at the heart, Artemis is developed to be a mobile native platform where users will be able to enjoy and interact with their NFTs 24/7 and on the go, as well as sharing and discussing them with friends anytime, anywhere.

Developing Our Own In-App Community

Buying and selling are core features of any NFT marketplace, and Artemis is no exception. Apart from offering a vibrant and secure marketplace for creators and users, we believe social element is essential to completing the whole user experience. We want our users to be able to conduct their whole NFT experience all in one app. From discovering and discussing with creators, to collecting NFTs, to interacting, sharing and commenting with friends — users will be able to seamlessly perform all these actions within Artemis, without the need of switching platforms.

Taking our key learnings from Web2.0 applications, Artemis is designed to have social features akin to super apps like PinDuoDuo, Xiaohongshu or Futu, intertwining utility and community features harmoniously. The launch of the social aspect of the app is imminent as of Q2 2022.

Expanding The NFT Industry Into Physical World

Artemis is very excited about the future of NFTs. We are big fans of innovative creator projects who have cultivated their own sticky and lively communities, and we are keen to support these existing as well as up-and-coming NFT projects to continue growing and thriving.

Our ambition with Artemis also includes expanding the NFT industry into the real world. We are currently backed by Alameda, Animoca and Alibaba’s family office and co-founders being ex-Goldman Sachs IBD we are well connected in the realms of traditional assets (luxury brands, wine, trading cards… etc) that we can bridge across to web 3.0 especially via Harmony.

At Artemis, we imagine NFT technology can be adapted for real world use cases especially in the realm of ticketing, luxury, as well as special experiences. Such integration with real life use cases will make NFT part of everyday life and nurture a more sustainable and stickier user base for the industry.

  • Ticketing — Premium tickets for concert, sports events are a great way to utilize NFT technology as it is a natural solution to ensuring ticket provenance and to counter secondary black market scalping.
  • Luxury — The luxury industry is primed to go into NFTs. Most products in this sector have high prices, struggle with fraudulent counterfeits and are very illiquid in nature. NFT technology can be adapted to establish provenance whilst improving supply chain efficiency in this case. We have partnered with Hermes to launch Hermes NFT editions.
  • Trading Cards — One of the key changes in the past few years was a rise in the demand for special experiences especially among millennials. To provide a solution to this, NFT technology can be utilized to offer exclusive access to content from a celebrity or personality. Under the current climate, we see immense opportunity on this where people value such special experience greatly.

Features in development:

  • Multi-chain capabilities – Solana, Terra and EVM
  • Multi stable coin support – Artemis already has stablecoin transaction feature built in for Solana and will incorporate these to other chains as we integrate multi-chain functionality
  • Fiat-to-NFT gateway – Users can directly purchase NFTs using credit cards
  • NFT-Collateralized Lending

Team

Cofounders are ex-Goldman Sachs IBD covering China and SEA tech, focusing on M&A and financing. The dev team consists of 19 experienced front end, backend and blockchain developers, led by the CTO who has 20 years of experience leading various fintech ventures. Other team members collectively have experience in Amazon, UBS and Fidelity as well as venturing in the collectible space and a branding startup. The team has already successfully launched Artemis Market in January 2022 on Solana chain and is now expanding to other EVM compatible chains.

Proposal ask

250K over 8 weeks

The funding we receive will be spent on:

  • Technical development for seamless integration of the marketplace on Harmony
  • Incentivising NFT projects as well as the community to create and participate in the growing NFT ecosystem on Harmony
  • Inviting existing Harmony KOLs as well as the KOLs from other chains to promote this integration
  • Supporting and handholding well established real-life brands to explore Harmony protocol and to transit to Web3.0 via launching NFT collections

Metrics for success

Artemis envisions to build the core infrastructure for Metaverse access and utility, leading the charge to onboard the next 100 million Web3 users.

We aim to outgrow existing competitors on Harmony in the coming 6 months:

Following conservative numbers are benchmarked against existing competitors on Harmony according to dappradar.com

  • Monthly Users: 5000+
  • Volume: $4m
  • Balance: $65,000

External links

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund. We are in the process of reviewing your proposal and will assign a representative on behalf of the Grants Ops team.

We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedbacks.

If you have more details to add, please do so by replying to this thread.

@Artemis_Market welcome to Harmony!

I’d like to perform a deeper dive due diligence regarding the team and the initiative. I’m unable to find the stats on dappradar, can you help me out here? A screenshot will help.

Meanwhile, according to our Grants Guidelines for Ports, they are earmarked with milestones. We’d like to suggest a Launch grant followed by introductions to VCs via Harmony Venture Network.

Harmony currently has two multi-chain NFT Marketplaces, TofuNFT and NFTKey, which have integrated with Harmony, and have a thriving community interacting with their marketplaces.


We just got approved on DappRadar today. You will find us under Solana for now.
We can definitely set milestones for ports, and would like to get in touch with representative to connect with the founder and share more information if possible.

1 Like

Good to hear the listing on DappRadar went through. The data shows lackluster activity, or that it has yet to come through properly.

Anyhow, upon reviewing the proposal deeper, I currently don’t see a use case to have the marketplace launching on Solana and Harmony, without a good understanding of why we’d need to port the solution, what the user experience may look like, and how it would benefit both chains, remain unclear. Mapping a success from one chain to another is not clear to me as the sole factor to fund for this effort.

For those reasons, we will not be moving forward with this proposal unless we see new data points. Thank you for choosing Harmony