About Persistence One
Persistence is a multi-asset protocol focused on Liquid Staking (pSTAKE), NFTs (Asset Mantle) and Commodities (Comdex). Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.
Persistence’s Core mainnet is a Proof-of-Stake chain powered by Tendermint BFT consensus engine. Persistence’s multi-chain tech stack (currently supporting Cosmos, Ethereum and other Tendermint-based chains) abstracts away the complexities for developers and enables them to create DEXs, marketplaces, lending/borrowing platforms etc.
Open Innovation around Art and Music by Persistence
Major challenges of the NFT marketplace today are represented by:
Entry barriers such as acquiring crypto to pay for gas (rate on-ramps for first time users)
Data Persistence: The security and privacy of the assets being minted as NFTs
Interoperability: Exchange of asset cross-chain and cross-platform
Limited support for asset creation: NFT market majorly only focused on art and collectibles use-cases
In this context, we invite you to design an NFT platform that deals with these issues. Here are the inputs for our challenge:
Build a solution to create customised auction and selling mechanism for the Music NFTs. Additional points for the team that works on fractionalisation of Music NFTs using the interNFT module.
Build a mechanism to transfer the Ethereum NFTs such as Cryptopunks, Meebits, Sandbox Collectibles, Bored Ape Yacht club into Cosmos ecosystem using Persistence SDK.
Build a lending borrowing platform for NFTs (similar to AAVE for fungible tokens) allowing to use the NFTs as collateral to borrow stablecoins/ETH.
Some of the resources you have leverage:
- Overview for Asset Mantle
- Developer Docs For Asset Mantle
- interNFT module (for inter-chain NFT asset issuance and transfer)
- Inter-chain NFT standard documentation
- Workshop on building NFT use-cases using Persistence SDK
- Building NFT applications using interNFT module
- Bringing real-world commodities on chain through Comdex (Enterprise) using NFTs (Case study)
These two docs would cover all the necessary reference links w.r.t repo & it's usage and quickly get started with a webApp to use the functionalities
Mentors & Judges: Tushar Aggarwal (CEO), Abhitej Singh (Biz Dev)
Prize: The winner will receive $50,000 worth of bounty for winners.
Note: For the Persistence Challenge you need to submit a project that is ready for implementation. Submit an MVP ideally with use of the Persistence SDK for Challenge 1 and 2. For Challenge 3 you can use any chain. The winner will receive $50,000 worth of bounty.