ResellChain

Problem Statement

Resell Chain is a decentralized marketplace built to facilitate the buying and selling ofsecondhand goods, collectibles, and Real-World Assets (RWAs) like real estate. By leveraging blockchain technology, NFT tokenization, and AI-driven price prediction, Resell Chain ensuresfair pricing, transparency, and fraud preventionin resell transactions.Key Features:Decentralized Marketplace:Users can list, buy, and sell products without intermediaries.AI-Powered Price Prediction:An AI agent (powered byEliza & Gaia LLM) suggests fair market prices based on past sales, competitor prices, and demand trends.Blockchain Verification:Products are tokenized asERC-721 NFTs, ensuring authenticity and proof of ownership.Smart Contract Transactions:Transactions are trustless and secure, eliminating third-party dependencies.EigenLayer Integration:UsesEigenLayer AVS - eOracle Price Feedto fetch the latestUSDC/USDexchange rate for price accuracy.IPFS Storage:Product metadata is stored inIPFS(viaPinata), ensuring decentralized and immutable data storage.

Solution

Technical Implementation:Blockchain:Arbitrum Sepolia TestnetToken Standard:ERC-721 (NFT-based product listings)AI Model:Gaia LLM + Eliza for price prediction & product suggestionsPrice Feed:EigenLayer AVS - eOracle forreal-time USDC/USD price fetchingStorage:IPFS (Pinata as a pinning service)User Interaction Flow:Sellers list products: Products are minted as ERC-721 NFTs with metadata stored on IPFS.AI predicts resale prices: Buyers can use AI predictions to gauge fair pricing.Buyers search for products: AI agent suggests the best resale products based on user preferences.Smart contract transactions: Purchases are executed via blockchain transactions for trustless trading.Future Roadmap & Expansion:Support for RWAs:Expand to includereal estate and other physical assetsusingERC-1155.Cross-Chain Expansion:Extend support to multiple blockchains.DeFi Integration:EnableNFT-backed loansto allow liquidity for listed assets.AI-Based Fraud Detection:Integrate advanced AI models forfraud prevention and product authenticity verification.Product Availability Notifications:Users can subscribe foralerts when a specific product is listed.