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nftinfrastructure

A cross-chain protocol for NFT utility, which provides for a valaue layer (ethereum) where IP lies, and a utalitarian layer (Gnosis), where individual utility may be claimed and traded with low gas fees

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Problem Statement

We are solving the following problems:NFT hodlers cannot easily monetize and transfer utility of their assetsMinting utalitarian NFTs on high-value chains (like ETH) dilutes the supplyAvailing utility of L1's like ethereum, involved high gas feesWe have built a protocol that allows users to select individual utilities associated with high-value NFTs, and mint them on cheaper L2's which allows users to trade individual utility, as well as avail it in a cross-chain, cheaper alternative without diluting the IP on the base chain

Solution

We have used Hyperlane to bridge NFT utility (determined based on the attributes and traits that the asset has) from Ethereum to Gnosis Chain, Polygon ZK EVM, and all the other EVM compatible chains.We have supplimented this by API keys from airstack, and have used biconomy AA, APE Coin, and NOUNS DAO for IP.

Hackathon

ETHGlobal Paris

2024

Contributors