Link to the forum post: https://gov.rarible.com/t/proposal-nfp-non-fungible-people/13482
NFP (Non-Fungible People) is a platform that will allow people to mint Twitter verified NFTs that will have 3D artwork generated based on their profile, therefore representing themselves or their brand. With this, Social Media Figures will have a new avenue to monetize their brand and an opportunity for people to invest in high potential individuals.
The recent boom in NFT technology brought to light the immense opportunities that can be explored. We have witnessed the use of NFTs for 3D art, music, tweets, real estate, etc, however, we haven’t seen NFTs used in any way related to personal branding.
We are building a platform where for two months users will be able to mint twitter verified NFTs using their twitter account. The NFTs will consist of a 3D animation artwork generated based primarily on their profile picture and handle, and will include random elements based on other metrics such as follower count. Up to 5 NFTs can be minted by profile with each NFT being part of a different tier, the first of them totally free. Higher tiers will become more expensive but also will have more complex animations. Below we present the first iteration of a mid tier NFP made by ManWithNoName which is our 3D animation NFT artist. You can see some early iterations of our concept in the following link: https://manwithnoname.space/nfp/preview.html
With our concept we keep each person’s NFPs as unique while buyers can quickly identify who an NFT belongs to in a marketplace. Furthermore, inspired by Rarible’s original idea of unlockable content we can create another pathway for Social media figures to interact in an exclusive way with their most loyal followers, opening a lot of possibilities on how to further monetize their brand in the future. They will also receive secondary market sales royalties due to the speculation around them/their brand. Current NFT projects mostly target Artists/Creators, however, we got a step further and use NFTs to empower ANYONE whether they are influencers, Writers, Traders, Scientists, Sportists, thought leaders, upcoming figures, etc.
Since its foundation we have seen a relentless development in the Rarible ecosystem which has clearly become a leader in the NFT field. This is even more clear with the recent protocol update that allows to implement Lazy minting (gasless minting) and deal with royalties at the protocol level. Looking at all this it becomes clear to us that integrating as much as possible with the Rarible Ecosystem will drastically reduce user friction. We intend to integrate both the Lazy minting and royalties solution with our custom ERC721 smart contract, while providing the users with tutorials on how to use the Rarible marketplace for buying, selling and even top up their crypto wallets directly with FIAT.
In our view this will create a great user experience. Anyone will be able to create their own NFTs, especially the free tier 1, without worry about having a pre-funded ethereum wallet or risking the erratic cost of the ETH network transaction fees. Moreover, by using Rarible’s Lazy minting this will ensure Rarible to be the marketplace for the 1st sale of the NFP, both providing the user a direct path to a marketplace while bringing new traffic and awareness to the Rarible Ecosystem.
In order to frame the positioning of NFP in the wide NFT space we compare our project with others such as Meebits (same creators of CryptoPunks), Hashmasks and CryptoTrunks.
Meebits is the closest project that uses a 3D concept, however, their goal is to be used as your own personal avatar in the metaverse and a character with which you can easily set up 3D animations. In the case of the Hashmasks they are iconic for their pre-generated 2D artwork to be cured in collections that can represent a narrative due to the interactions (similar traits) they possess. The CryptoTrunks have innovated on the art generation concept by using your wallet information as a seed to combine different pre-established traits in a final “Trunk”.
In the case of the NFPs our goal is to take the concept of generative art a step further by fetching social media data to customize a 3D animation representing the creator person/brand itself. As an added value to the NFPs we intend to add unlockable content related to the brand of the Social Media figure.
Some might look at our project and wonder also how we compare with Mintgate. Mintgate has been developing a very interesting concept: using tokens as a gate to content. This concept is indeed something that we also want to implement in our NFTs, however, our goal is not to create a competitor technology to Mintgate, but instead leverage their work to empower our concept.
We aim to be granted funding in order to develop the first version of out platform with the following features:
Milestones & payments:
Total payment: $40.000.
Payments will be made to the following multi-sign Ethereum address: 0xF688F9407a7F993A653f5565C4c9b92635E38811
The key contact persons are Ptero#8037 and Guifel#7610 on discord, or at our email: verifynfpeople@gmail.com.
We consider ourselves independent contractors of the Rarible DAO and will report taxes accordingly. Forms W8-BEN and W9 will be filled out accordingly before funds get distributed to our team.
Jose Rui Silva, PhD Candidate on Space Instrumentation
Guifel, Blockchain developer at Reflexer Labs
Daniel Moreira, Marketing & Communication Manager
Collaborators
To ensure team accountability we intend to participate in the weekly community calls and give weekly status updates of the project development.
After the launch of our product we intend to keep working on other ways for the NFP’s creators to monetize their brand. One of our potential visions is improving on the unlockable content so that our platform can become a way for the NFP creator to interact in a more exclusive way with the NFPs holder. Imagine a private vault with content managed by the creators and only accessible by the NFPs holders. As an example, imagine as a buyer being able once a week to hop on a 1 hour call with your idol, or having access to some traders’ alpha leaks, being able to pick the brain of your favorite writer or the process of your favorite artist. Other ways of monetizing their brands will also be researched, maybe new collections or other future concepts.
After this first collection we intend to create a token to power a DAO that would be able to decide the future direction of the project or share in a part of the project future revenue (staking), in which we would like to give the Rarible DAO a special place.
In the longer term we envision the possibility to extend our core concept beyond twitter and into other platforms, especially instagram and TikTok, and even the creation of an easy to use mobile app allowing anyone to do all of this from the comfort of their phones.
Our project shows an innovative use case for the NFT technology. Moreover, by integrating with the rarible ecosystem we ensure this to become the marketplace to go for the NFTs created and therefore bring in traffic that will foster ecosystem growth.
A deck of the project can also be found in: https://docs.google.com/presentation/d/1VcCvrseEI7JKjclhqWMyFLFVLUucq2o8xvX1T9H5hDI/edit?usp=sharing 2