1) Funding Tier
Please specify the funding tier and total grant amount of your proposal.
Tier 2: Funding amount requested - $50K
2) Project Overview
Project title and description of the project.
OpenBySea Wallet plus BSC/ETH bridge to Conflux
With OpenBiSea bridge, you can convert your Ethereum assets (ERC20, ERC711, ERC1155) and Binance smart chain assets to Conflux and get back with 100% proof of value.
On the Ethereum network, you can see a lot of NFT’s and tokens assets, which can be traded only with cheap fees. Let say, that you have NFT or token, which you like to sell for $10 price. Each buyer has to pay $15-$50 commission fees. Auction on smart contracts looks unreasonable - $50 fee for each bid.
Existing solutions can’t provide a transparent, safe model for any assets, and most time freezes or not working well.
How will this project be integrated into Conflux?
We will create conflux version of smart contracts and apps, include iOS/Android/Web
Once they are modified and properly tested on the Conflux testnet, an AMM node will be launched on the Conflux mainnet. Post this, a custom bridge contract will be coded for the Conflux chain. Since it is an EVM-compatible chain, we will be able to refactor some of the code from the Ethereum bridge contract. After rigorous testing and audits, we will launch a Router bridge between Ethereum, BSC, Polygon and Conflux
Why is your team interested in creating this project?
To open new markets for NFT and get new non-crypto users for crypto market.
3) Project Details
Complicated process of the access to NFT market for investors, influencers, license companies, brands.
This year a crypto investment to NFT gained a lot of interest for non-IT and non-crypto geeks. In 2021 Bitcoin and other crypto tokens has a new all time high price and people like to invest in space. This is a driver to growth NFT follow them.
Influencers, license companies, brands - all of them like to publish and sell own NFTs.
But most products on the market can’t provide a clear simple user experience. Complicated user flow growth a scary of investors and stop them to invest. Influencers, license companies, brands can’t grow in NFT space now for same reasons.
Absent of profitable, safe and transparent place for second market NFT from any sources.
A top player like OpenSea, NBA Topshot, JuggerWORLD and Treasureland stop creators to list NFT or hide algorithms for auction. And some of them are hiding the fact that your money is still under their control. Any manager, like banks does, can decide to hold your money or list your NFT. It’s not a safe solution for investors and creators.
Most of them allow to set price in BNB/ETH or own tokens only, which is unclear for buyers and sellers.
Ethereum fees and order publication fees are HIGH for both sides
Most NFT markets now launched on Ethereum network, where normal fees are $50. It’s impossible to mass market sales for NFT price $5-$10, where there are huge sales opportunities.
OpenBiSea is First easiest place to invest and manage your NFT
Simple, step-by-step guided solution to buy NFT, sell auction-based purchased NFT and receive simple, investor’s friendly reports. You can set price in USD or BNB and we didn’t required to buy OBS token to sell or buy. You can buy with credit card even.
OpenBiSea are opened for everybody to list and start marketing for NFT
Within the OpenBiSea smart contracts and mobile apps, you can simply list your NFT contract and start trade with ZERO FESS. Any interaction with smart contact will go directly, no backend involved. All auctions happen inside smart contracts, where no people are involved.
Serial entrepreneur and investor with twenty-five years of experience. Founder of CFC, Heartln Inc. President/Owner of IXC Softswitch.
Operations management, finance, consulting. 20+ years of experience in development and project management, launching startup projects, budgeting, development of financial models, fund rising.
Strong Finance & Operation professional with a Senior Executive Master of Business Administration (M.B.A.) focused in Business Administration and Management, General from IMI International Management Institute Switzerland.
5) Development Roadmap
- smart contracts port - 1 month
- deploy testnet - 2 weeks
- update iOS/Android/Web apps - 1 month
- deploy mainnet - 2 weeks
- update release and tests - 1 month
6) Long Term Vision
Target Market Segment and Market Ambitions
According to the NFT Market Report within merely three months, Opensea saw its cumulative sales spike to over $100 million and total $432M. It is our ambitious projection that with a modest 10% market share, OpenBiSea is expected to be able to collect over $40M dollars monthly sales.
Contact email: [email protected]
NFT discussion t.me/openbisea_en
Trading discussion t.me/openbisea_eng