Howdy everybody, Shot & Cameron here from the Banyan Collective. We are happy to announce the formation of the NFT Builder Group. We have already been conducting weekly online meetups with the leading NFT builders & marketplaces in the space. If you are builder interested in this join the telegram group today (DM me with your telegram to get added)
Thesis
Banyan believes NFTs are pivotal infrastructure for onboarding the next set of dApps and use cases into the NEAR Ecosystem.
NFT Builder Group - a collective of NFT builders in the NEAR ecosystem that are interested in working together to build open-source tools intended to be adopted by the greater NFT community.
Problem
- Lack of community building and input from new users
- Lack of accountability, transparency for project and intercommunication between NEAR builders and founders
- Hard to quantify and track NFT activity across the entire NEAR Ecosystem
- Lack of push for standards to streamline NFT infrastructure and NFT tooling
- Investors are lacking solid deal flow to projects in the space
- NEAR NFTs are lacking volume, marketing, secondary sales, use cases and overall traction
- There is a lack of implementation/use cases for NFTs outside of PFPs
Objectives
- Build Open Zepplin of NFT contracts & tools
- Push NFT based specifications to be standardized by Developer Governance Working groups
- Solve problem of liquidity in NEAR NFT Ecosystem
- Onboard artists, users, and use cases into NEAR NFT ecosystem
NFT Specifications Currently Being Discussed and Worked ON
| FnF Royalty Marketplace | The FnF NFT Standard provides options for creators to customize sales contracts and enforce royalties. | Lachlan Glen | Announce, waiting on specifications |
|---|---|---|---|
| Rich Media | The purpose of this NEP is to standardize metadata so that NFT marketplace, wallets, and dApps can properly support the displaying of rich media multimedia files indexed from NFT metadata | Lachlan Glen | Taken over by Jazz Winder from Harmonic Guild, group forming based on list Lachlan collected |
| Contract Metadata Update Events | To extend the NEP-171 events standard to include contract_metadata_update event. | Lachlan Glenn | Drafted to Github PR |
| Airdrop | Standardized contract for allowing batch transfers of a list of non-fungible tokens an account owns to optimally distribute multiple unique specified addresses. | Jonathan Hammond / Willem | Aggregating Different Implementations |
| xNFT | Executable NFTs | Peter from Backpack | Talking with Backpack team |
| NFT Update Events | Trigger event updates on change of contract metadata | Lachlan | Replaced with contract metadata |
| Bridgeable NFTs | To allow for a streamlined universal NFT standard to properly bridge NFTs | Find someone at wormhole/rainbow/0x | Ideating and telegram group started |
| Non Fungible Token Burn Standard | NEP 819 is a standard for burning NFTs. It acts as an extension to NEP 171 and requires NEP 177 & 297.Currently, there is no standard for minting and burning (NEP 171) | Chloe @ MarmaJ | Presented at nearcon, in governance forum, need to be repinged |
| Non Transferable NFT | Rejected here Contract Standards Working Group Meeting (August 22, 2022) - YouTube fo | Shot → TBD | Rejected due to implementation, gather different implementation |
Subgroups
We will also form subgroups that will essentially serve as meeting breakout rooms where we will further drive conversations and hash out specifications. (Subgroups are subject to change based on overall sentiment of working groups).
| Subgroup | Purpose | Stakeholders |
|---|---|---|
| Liquidity | Bring sustained liquidity to the NEAR NFT ecosystem | Market Makers, Venture Capital |
| Tooling | Bringing open source & secure NFT tooling to the ecosystem | Rust Developers, Back End Developers |
| User Onboarding | A focus on bringing users onto NEAR NFT ecosystem and simplifying UI/UX | Product, UI/UX Designers, Front ENd Developers |
| Artist / Use Case Onboarding | Focused on bringing average artist, high profile artist, and new and relevant use cases to NFT ecosystem | Business Development, Sales, UI/UX Designers, Product Designers |
