Please keep visiting our project page as it will be updated regularly.
Much of the code is on an ongoing test basis and not suitable for live use, please be free to modify as needed.
An NFT Marketplace for unique and exclusive niche NFT assets and to offer an alternative NFT marketplace to creators, in not only mainstream but also niche areas. Many of the assets on offer in our marketplace will be unique and exclusive.
This project will enable some creators not currently well represented in existing NFT marketplaces to offer their assets and reach their target markets in a new and exciting marketplace. We believe many of our creators are not currently active in existing NFT marketplaces.
The marketplace intends to develop a sidechain on XRPL for users to mint, buy and sell NFTs.
IPFS can be used to store the NFT asset such as an image item and metadata.
3 accounts will be used on the XRPL Testnet for developing the marketpplace, an Issuer, Distributor and Purchaser. The Issuer will create and send the NFT to the Distributor via the Distributor's trustline. The Issuer will create a single NFT referencing a single asset (referencing the item and metadata). When the Issuer is finished creating the NFT, it will then "blackhole" itself to make further NFT issuance impossible. The Distributor now holds the NFT and will create an offer to sell it on the XRPL DEX. The Purchaser will then offer to buy it, and when the offers match, the Purchaser will exchange XRP (currency) for the NFT.
Our team has considerable experience in developing websites and apps and we're excited to bring this experience to the NFT marketplace. Our niche NFT assets will target creators and their buyers not currently well catered for.
In future, we will open our XRPL sidechain to users other than our marketplaces, thereby creating a trusted data store of mainstream and niche NFTs.
Target milestones:
Month 2: proof-of-concept with sidechain Implement prototype integrated with XRPL Testnet with features to mint NFT assets.
GitHub repository published.
Test buy and sell NFT assets in a private test environment.
Gather feedback from test users.
Update sidechain as required.
Month 4: Public beta test
Deploy app at nft-bazaar.uk or other URL.
Open source tool to gather feedback and changes.
Verify changes and updates.
Update sidechain as required.
Month 6: Public Launch
Deploy app at nft-bazaar.uk or other URL. Update and change as needed.