LootVault

Problem Statement

LootVault creates a sustainable business model that aligns creator and fans: The longer the fans hold the creator NFT, the more interest is generated for the creator. If the fans don't see the value anymore, they can simply burn their charged Membership NFT for a full refund. Currently, only web 3.0 enables this business model, where creators can receive deposits and get funded through the occurring interest rate.While the creator is collecting the interest rate, the fan accumulates XP. This XP can be used to purchase unique experiences. Experiences include signed merchandise, exclusive content, collectible NFTs, and special discount codes.Features:Metamask + WalletConnect signupEmail Signup (using Magic)Fiat Onramp (using Ramp)Interest bearing NFTs (using Charged Particles)Fans can purchase Membership NFTs with DAIDAI accrues interest inside the NFT, in form of aDAI100% of Interest gets sent to the creatorFans receive XP which is 1:1 pegged to the interestFans can redeem XP for experiences (currently just mocked)Fans can uncharge the NFT to receive back their DAI (frontend not implemented)Next features:Custom NFT contract for more security (DAI amount, creator annuity share, and NFT metadata URI shouldn't be a variable when minting the NFT on the contract)Polygon integration once Charged Particles is live on Polygon MainnetMeta transaction to pay gas fees for usersInstant Credit Card payments

Solution

Features:Metamask + WalletConnect signupEmail Signup (using Magic)Fiat Onramp (using Ramp)Interest bearing NFTs (using Charged Particles)Fans can purchase Membership NFTs with DAIDAI accrues interest inside the NFT, in form of aDAI100% of Interest gets sent to the creatorFans receive XP which is 1:1 pegged to the interestFans can redeem XP for experiences (currently just mocked)Fans can uncharge the NFT to receive back their DAI (frontend not implemented)Next features:Custom NFT contract for more security (DAI amount, creator annuity share, and NFT metadata URI shouldn't be a variable when minting the NFT on the contract)Polygon integration once Charged Particles is live on Polygon MainnetMeta transaction to pay gas fees for usersInstant Credit Card payments