Niftmint - NFTs for Brands on their channels
Tier 2 - $50,000
Niftmint is an enterprise retail-focused company allowing Brands to build loyalty and awareness, while selling new digital products directly on their website, without the need to manage or introduce cryptocurrency to the customers. Niftmint is the first NFT minting, listing, selling, and custody platform for Brands installed directly into their sales channels.
Brands don’t want to be sending their customers to Amazon or Ebay to buy their products, and so why are they sending their customers to third party marketplaces for NFTs? Furthermore, Brands don’t want their product listed directly next to other company’s products, and so why should they? With Niftmint, brands will be able to:
Mint on demand or mint NFTs from your channels at the time of customer’s purchase
List NFTs to their sales inventory, and introduce at checkout as ‘one-more-sale’ opportunities
Sell NFTs to their customers in their active checkout cart, using the payment method they were already going to use (credit card, PayPal, etc).
Custody the NFTs for brands, displaying the NFTs directly back to the customer, and only moving the NFTs out-of-network when the more advanced/savvy consumers wish to move their NFTs to their own personal wallets.
Niftmint is looking to partner with Conflux to support the NFT minting process for Niftmint. Niftmint will work as the Layer 2 application, facilitating the exchange between the Brand and the blockchain. Niftmint has had several conversations with $10bn+ revenue fashion and beauty companies looking to install the Niftmint NFT flow directly into their checkout process - with special emphasis on deployment of NFT capabilities into APAC nations. With support, Conflux can become the preferred partner for the deployment of Niftmint into direct Brand sales channels, as well as be the gateway into NFT sales and ownership for APAC-based sales for major retail brands.
On the brand and end-user side of Niftmint, while the consumer is going through the standard checkout flow on the Brand’s website, the NFT purchase is sent via API to Niftmint’s database. This will include the customer ID and the purchase data.
From here, an API triggers into the product specific smart contract to mint the NFT. The NFT is placed in a custodial wallet for the brand, and the customer database will be updated to reflect the NFT attribution to the customer ID.
As the NFT is attributed to the customer ID, an API displays NFT and customer ID back to the brand, and the brand displays this NFT back to the customer (in the user’s profile, account, et cetera).
If at any point the customer wants to move their NFT out of the custodial wallet and into their own personal wallet, they will provide their personal wallet address and Niftmint will transfer the NFT to the consumer.
Numerous designs for the user interface on both the brand and consumer side can be seen at www.niftmint.com
The API facilitating the display of the NFT back to the brand’s website is a Flask application that interfaces with the NFT smart contract, formatting the output and returning the output. The web service is hosted on Heroku.
Niftmint wants to integrate into Conflux to allow enterprise scale retail companies to mint NFTs on the Conflux blockchain.
Rui Maximo - Blockchain Developer, Cybersecurity, Lead Programmer
Past: Smart Contract Auditor @ largest US Bank, ERC-20,721,1155 Smart Contract Development (5+ years), 20 years cybersecurity engineer
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A Delaware Cororation, Headquartered in Seattle, Washington
Total Allocation: $50,000
Total Duration: 2.5 Months
Milestone 1 | Test Net
Writing and deploying smart contracts on test-net to support 10K+ NFTs
During this period we will write the smart contract and architect to be able to create high volume batches of NFTs to support customer needs of high volume sales and attributing to customer ID
Timeline: 30 Days
Milestone 2 | Main Net
Writing and deploying smart contracts on main-net to support 10K+ NFTs, plus the ability to add new NFT or repurpose smart contract for new high volume NFT contracts
Timeline: 14 Days
Milestone 3 | API smart contract deployment via eCommerce integration
Our customers sell products on their websites. With this last milestone when a customer of the brand purchases an NFT on the eCommerce website we will create the NFT at that moment via API and attribute to the customer.
Timeline: 30 Days
Engagement, Vision, and Other
At Niftmint, we take a brand-first approach to NFT sales and integration. As such, we are in numerous conversations with household name media companies, multibillion dollar global retail companies, event hosting giants, and numerous other entities. We strive to provide a seamless engagement for both brand and consumers in purchasing, viewing, and custody of NFTs, and want to build into Conflux to facilitate this.
As the only NFT company focused on integrating into Brand’s active channels (as opposed to sending NFT considerations out to third party marketplaces), we have a significant inbound channel of Brands looking to integrate our solution.
Niftmint envisions itself as a mixture of Paypal, Stripe, and Coinbase. Niftmint will be the NFT purchasing portal for retail consumers, allowing for NFT purchase and the same way as any product they buy online. Niftmint will also be the custodian of NFTs, allowing consumers to see their NFTs in their Brand’s websites and accounts. As consumers don’t worry about shipping logistics, supply chains, financial institutions and merchant processors as they purchase products online from their favorite brands, consumers won’t worry about wallets, blockchains, crypto, or security as they purchase and own NFTs from their favorite brands.