NFT as an account (NFTAA)

[Roman-24]

Project Abstract

NFT as an Account (NFTAA) is an innovative project aimed at revolutionizing the use of NFTs within the blockchain ecosystem, particularly in the Substrate based networks like Polkadot and Kusama. The project seeks to leverage the unique properties of NFTs to function as proxy accounts, enhancing interoperability, security, and flexibility across various blockchain networks. By enabling NFTs to hold assets, stake, and interact with other blockchain components similarly to standard accounts, NFTAA introduces a novel approach to blockchain interactions.

Grant level

• Level 1: Up to $10,000, 2 approvals
• Level 2: Up to $30,000, 3 approvals
• Level 3: Unlimited, 5 approvals (for >$100k: Web3 Foundation Council approval)

Application Checklist

• The application template has been copied and aptly renamed (project_name.md).
• I have read the application guidelines.
• Payment details have been provided (Polkadot AssetHub (DOT, USDC & USDT) address in the application and bank details via email, if applicable).
• I understand that an agreed upon percentage of each milestone will be paid in vested DOT, to the Polkadot address listed in the application.
• I am aware that, in order to receive a grant, I (and the entity I represent) have to successfully complete a KYC/KYB check.
• The software delivered for this grant will be released under an open-source license specified in the application.
• The initial PR contains only one commit (squash and force-push if needed).
• The grant will only be announced once the first milestone has been accepted (see the announcement guidelines).
• I prefer the discussion of this application to take place in a private Element/Matrix channel. My username is: @_______:matrix.org (change the homeserver if you use a different one)

[github-actions]

CLA Assistant Lite bot All contributors have signed the CLA ✍️ ✅

[Roman-24]

I have read and hereby sign the Contributor License Agreement.

[Noc2]

Thanks for the application. Just one quick feedback here: The default deliverables 0a-0d of the template are mandatory for all milestones and deliverable 0e at least for the last one.

[Roman-24]

@Noc2 thank you for your feedback. Our application has been modified and default deliverables 0a-0d have been added to milestones 2 and 3. The point about the article in milestone 3 has been modified from 3a to 0e to make it consistent with the templates. We believe that our application now complies with all the necessary formalities.