PolyNFT

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Problem Statement

NFTs have been a sought-after and trendy field in the blockchain venue, but their potential remains largely untapped due to limitations on copyright protection. At PolyNFT, we believe that the key to unlocking the full potential of NFTs is to enable copyright usage of these unique assets in the first place. That's why we're creating a platform that enables derivative works of NFTs with copyright usage attached.With PolyNFT, artists can easily create/ mint generic NFTs, register them as open for derivative works, and charge for each time their works are used for further creations. By doing so, they can expand the scope and reach of their creations, while still retaining control over their intellectual property.In addition, our platform enables the accumulation of NFT attributes, such as a character's strength or abilities in RPG games, or the fusion of multiple limited editions of NFTs. This feature is not yet standardized in the NFT world, and we are excited to provide a streamlined solution for NFT projects looking for collaborations.To demonstrate the fusion potential, we use an AI art generator StableDiffusion for users to open blind boxes with multiple NFTs as sources.We envision a future where the possibilities of derivative works of NFTs are endless, from levelling up users' roles in NFT games to creating fan art and social profiles that fuse different NFTs. With PolyNFT, we are committed to providing a platform that enables every creative possibility in the world of NFTs. Join us on this exciting journey today!We envision a broad future of derivative works of NFTs, whether it be NFT games levelling up users' roles, NFT hodlers creating fan art, fusing various NFT social profiles or any funkier usage we haven't known yet. With PolyNFT, we are committed to providing a platform that enables every creative possibility in the world of NFTs.

Solution

For the blind box feature, we've surveyed and tried out many AI art generator projects and finally decided to adopt StableDiffusion to generate fused NFTs.For creators to register or mint generic NFTs on our platform, we not only register their NFTs in our smart contract, but also upload the NFTs to IPFS.In terms of blockchain infrastructure, we have selected Ethereum and Polygon due to their mature ecosystems and NFT prosperity. Currently, we have deployed our project on Matic for demonstration purposes.See our slides: https://docs.google.com/presentation/d/1wDtDPMCRMSUdQwMXy2wxnOQyP4YJFU179wRtuNIoOyQ/edit?usp=sharing