{"signature": "0xaa77a4ae686fa33e2e8955c2f808c124265bdb590ab55afe2621ea370f6dacca2d43327991bae1ff1640b81012eee357ed8123d2ae590968bf3f38de756299761c", "application": {"round": "0x34ff7cba8cd547f75ea94879112f821b4d4c8d91", "answers": [{"type": "email", "answer": "james@familylyx.com", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "link", "answer": "https://profile.link/Family@684C", "hidden": false, "question": "Share the link to your project’s Universal Profile. This showcases your project to the LUKSO community and allows users to clone your mini dApp to their own Grid, driving adoption and engagement.", "questionId": 1}, {"type": "dropdown", "answer": "Creator Monetization", "hidden": false, "question": "Which development focus area best describes your project? ", "questionId": 2}, {"type": "paragraph", "answer": "Our RWA Marketplace mini-dApp is designed to enable users to discover, trade, and manage tokenised consumer products in a secure and trustless environment\n\n**Use Case**\nSelling/Buying tokenised consumer products on the secondary market can now be done through your own Universal Profile\n\n**User Flow**\n1. Showcase all your tokenised products available\n2. Sell/List a product that you wish to sell (Seller Perspective)\n2. Buy a product thats listed (Buyer Perspective)\n3. Enter into 'Escrow' to discuss shipping/logistics\n4. 'Escrow' is released once the tokenised product is confirmed by the BUYER\n\n**Unique Value for Universal Profile Users:**  \nOur Marketplace mini-dApp uniquely empowers Universal Profile users by integrating the ability to sell, buy, and trade tokenised consumer products directly from their profile. This seamless integration streamlines the entire process—eliminating the need for multiple platforms and reducing friction—while ensuring that all backend operations and transactional workflows are efficiently managed behind the scenes (BTS)", "hidden": false, "question": "What is the use case and user flow of your mini dApp? Describe how it provides unique value for Universal Profile users.", "questionId": 3}, {"type": "paragraph", "answer": "The mini dApp is the widget form of our RWA Marketplace and its core functionalities are the following:\n\n**LUKSO Standard Proposals and LSP8 Integration -** The marketplace aggregates NFTs that adhere to the LSP8 Phygital Standard, a specialised standard based off LSP8 used for physical products. This standard ensures that both digital and physical aspects of assets are represented consistently, ensuring that both aspects remain together during the asset's lifecycle\n\n**Escrow Smart Contract Functionality -** An escrow smart contract is implemented to act as a trusted intermediary between buyers and sellers. When a transaction is initiated, funds are securely held by the escrow until predefined conditions are met. This mechanism reduces risk for both parties, ensuring that asset transfers and payments are executed safely and in a more trustless manner.\n\n**Custom Lost/Dispute Resolution Mechanism -** A bespoke lost/dispute function has been developed exclusively for our marketplace. This feature provides users with a straightforward process to flag and resolve issues related to lost assets or disputed transactions. It adds an extra layer of security, ensuring that both buyers and sellers can resolve conflicts in a controlled and transparent manner\n\n**Leveraging The Grid:**\nAllowing Creators/Brands/Enterprises/Users to showcase their tokenised products from their profiles expands our reach and helps start the network effect that is really needed for a marketplace to get traction", "hidden": false, "question": "How is your mini dApp implemented? Explain the technical design, functionalities and how it leverages The Grid, LUKSO Standard Proposals (LSPs), and developer tools. ", "questionId": 4}, {"type": "paragraph", "answer": "The mini dApp still has various features that needs to be developed to improve the user experience. The top two priorities we have in mind are:\n\n**Enabling Fiat Payments -** To bridge the gap between traditional finance and blockchain technology, we plan to integrate fiat payment options. This enhancement will enable users to transact using conventional currencies, making the platform more accessible and appealing to a wider audience\n\n**Integrated Logistics Solutions -** We aim to streamline the trade and delivery process by incorporating integrated logistics solutions. By partnering with leading logistics providers such as FedEx, DHL, and others, the dApp will facilitate secure, efficient shipping and real-time tracking for both buyers and sellers, ensuring a smoother overall transaction experience", "hidden": false, "question": "Do you have plans to expand or enhance your mini dApp? Share any upcoming features or improvements you’re considering.", "questionId": 5}, {"type": "paragraph", "answer": "The mini dApp is just one of the important parts that we're developing to help serve both individual users and enterprise clients better. To solve the supply and demand problem in building a marketplace, we're deploying the following strategies:\n\n**Digital Product Passport Platform -** We’re developing a Digital Product Passport platform that will empower enterprises and brands to tokenise their consumer products, thereby increasing the supply of tokenised products and broadening the marketplace’s inventory\n\n(This will also aim to onboard Enterprise/Brand users into Universal Profiles)\n\n**Open-Sourcing the Phygital Standard -** In our commitment to fostering community innovation, we will open-source our phygital standard. This initiative will allow other creators and users to adopt and build upon our marketplace infrastructure, expanding its utility and driving a broader ecosystem of tokenised assets", "hidden": false, "question": "What’s your strategy for driving adoption and maintaining your mini dApp post-launch? Include your approach to community engagement and long-term support.", "questionId": 6}, {"type": "dropdown", "answer": "No – I’m already part of the community!", "hidden": true, "question": "Are you new to LUKSO or already part of the community? This won’t impact your project’s evaluation – we just want to welcome new builders!", "questionId": 7}, {"type": "paragraph", "hidden": true, "question": "Were you referred to Hack The Grid? If so, name the first person who referred you and link to their retweet and contact information. If your project wins, they’ll receive something special! Only list one person to ensure eligibility.", "questionId": 8}], "project": {"id": "0xf68b556749e5d0923fc7526ff207413a14b060720ab0daaa5448487332d11239", "title": "Family", "logoImg": "bafkreiay2ossrw5aiz7c4h4ubsr3b3uxnq77zzju7rnw7z665nssxttphi", "metaPtr": {"pointer": "bafkreif7kadheyci4pvkroparsrzpeuiewwskww42by22jdbqbjwzzklfq", "protocol": "undefined"}, "website": "https://www.familylyx.com/", "bannerImg": "bafkreifilcp4knv7vifaafkgp46xjbbgbwy4aasz22brokrfdk7e3vonby", "createdAt": 1725425330212, "userGithub": "FamilyNFT", "credentials": {}, "description": "**Family** is a technology company that empowers enterprises and brands to tokenise their consumer products by offering digital product passports that transform real-world assets into compliant and verifiable digital assets. We specialise in enabling industries such as fashion, consumer electronics, automotive, and real estate to harness blockchain technology\n\nOur mission is to unlock new opportunities for transparency, efficiency, and innovation that benefit normal everyday people", "lastUpdated": 0, "projectGithub": "FamilyLYX", "projectTwitter": "FamilyLYX"}, "recipient": "0x684C9803b28110d28E5e2349201093792B25BC69"}}