A couple months ago I entered the ETHGlobal "Road To Web3 Hackathon" with James Bachini a blockchain and decentralised enthusiast - check out his blog here:
If you've not heard of ETHGlobal their hackathons are the largest and most prestigious in the blockchain developer space - with over 2,000 participants entering from around the globe and 400 teams managing to submit for the sponsor prizes.
Polygon was the main sponsor of which there were a number of tracks you could enter using the tech stacks provided by the sponsors.
- Top 15 Teams – $5K each
- Top 5 Teams – Best DeFi: $3K each
- Top 5 Teams – Best NFT Dapp: $3K each
- Top 5 Teams – Best Gaming Dapp: $3k each
- Top 5 Teams – Best Tooling/ Infrastructure: $3k each
- Top 5 Teams – Best Web3 Implementation of a Web2 Product: $3K
We decided to go for the Best Web3 Implementation of a Web2 Product and build a new WEB3 Social platform using Linktr.ee as the base WEB2 product for inspiration.
Our entrée 0xtr.ee
0xTree connects your social accounts to your NFT wallet enabling friends and collectors to browse, bid and buy your NFT’s without releasing custody.
You can crawl any wallet address using the domain 0xTr.ee and browse a gallery of all the NFT’s that a wallet holds. It’s live.
Owners can publish their 0xTree spaces to social media platforms to show off their collections and galleries can be claimed and customized via web3 login by the wallet owner.
Social sharing is taken to a new level with Twitter custom cards which bring NFT’s to life natively within the Twitter app. There is currently no better way to share your latest purchase.
If you want to take a closer look at our entry it's still up and available on github.com
Here is a quick click through video I made during the hackathon -
Our Ambition for 0xTr.ee
- A new way to trade NFTs
- Tree Tokenomics
- TreeDAO Community Governance
A New Way To Trade NFT’s
Imagine being able to place an offer for any NFT without the owner listing it on a 3rd party marketplace. A buyer can stake funds in a smart contract to place a bid on any NFT in any wallet. The owner will be notified when browsing their own wallet address that there is an offer pending which they can accept, reject or ignore.
Opensea is currently the largest NFT marketplace with over 500,000 users and $4B in monthly trading volume*. Our product differentiates itself by flipping the initiative from the seller to the buyer.
Trading fees are lower too, 90% lower in fact, incentivising NFT traders to use a truly decentralized product that doesn’t need to charge 2.5% on every trade.
Fee revenues go straight from the smart contract into a Uniswap liquidity pool increasing liquidity for the TREE governance token and providing incentives for stakeholder to participate.
If 0xTree can gain traction to become key infrastructure in the NFT space then governance of that protocol will become very valuable, as will the liquidity from fees.
0xTree and the TREE token will go live with a truly fair launch tokenomic program. No pre-mines, no team allocation, no vested investor tokens. The project will incentivise early growth through the distribution of its governance token based on trading volumes. This will provide the necessary traction needed to get sellers to regularly check their 0xTree wallets for bids.
By distributing the token to users we further empower a community of NFT traders to go out and promote the project to new participants.
TreeDAO Community Governance
Tree token holders are the stakeholders and governors of the protocol. The tree token has native functions built in for voting and delegating votes.
Proposals could include future developments of the platform. We were limited by the timeframe for the hackathon but future development opportunities could include:-
Wallet to Wallet on-chain messaging, direct communication between buyers & sellers
Multi-chain expansions to new blockchain ecosystems
Integration of social tokens, gaming tokens and other emerging digital assets
Staking pools for the TREE token and TREE-MATIC LP tokens
Funded governance proposals rewarding developers and attracting talent
Cross-chain bridging systems to move & trade non-fungible assets between chains
The prioritization of these opportunities will be at the discretion of the community.