The geo-based NFT platform aimed at minting and selling NFTs to a broad community.
Our client is a major European metaverse company. The main product is the geo-based NFT platform with metaverse features.
Detailed information about the client cannot be disclosed under the provisions of the NDA.
We have been developing a feature-rich NFT platform for managing geo-based NFT assets operated by a custom token. It allows users to view NFTs on the map, purchase and re-sell them with the platform’s cryptocurrency, and put items into collections for further staking.
Innowise Group’s team was to develop the technical part of the solution from scratch in close cooperation with the client’s design team and marketing specialists.
Our goal was to create a unique platform for managing geo-based NFT assets and a custom token. We also aimed to allow users to operate digital items via personal accounts, the marketplace, and the interactive map.
The platform was developed from scratch. Innowise Group’s software blockchain and software development experts took the designs from the client and put them to work with the custom backend tailored to the project’s needs. The solution is based on the set of Innowise Group’s blockchain core solutions distributed by the white label model.
GEO-BASED NFT ASSETS
Our team has integrated OpenStreetMap to present the world’s map with interactive NFT assets placed over it. Users can search for assets tied to desired locations, view their prices, and purchase chosen non-fungible tokens with the platform’s native token.
The assets are minted into the blockchain exclusively by our client but can be put on secondary sales by the platform users.
Innowise Group has built an NFT marketplace for users to re-sell their assets in different ways. The assets can be sold for a fixed price or put on auctions. Users can place offers on the lots they want to obtain and win them in a fair competition.
NFT COLLECTIONS STAKINGUsers can gather digital assets into topic-related collections to increase their portfolio value. Also, the complete collections can be put to staking and generate income for their owners.
CRYPTOCURRENCY EXCHANGEThe platform is operated by its native cryptocurrency. Our team has augmented the product with the built-in cryptocurrency exchange to make obtaining the tokens easier. Users can purchase native tokens with other cryptocurrencies or fiat currencies.
Taking into account all the requirements of the client and the specifics of the project, we have proposed Scrum as a software development life cycle methodology. For task and documentation management we used Jira and Confluence. As for the communication tool, the customer suggested using Microsoft Teams.
Based on our rich experience in developing various blockchain-related applications and NFT platforms, we have proposed the most suitable technology stack.
Throughout the project, we hold daily and weekly meetings, technical reviews, sprint reviews, retro, planning, and regular one-on-one sessions with the team lead on any questions or concerns.
Thanks to the well-planned workflow as well as timely and transparent communication processes, we are able to deliver results faster and more efficiently.
As a result, the client has received a fully functioning platform for operating geo-based NFT assets via the native cryptocurrency. The platform allows users to:
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