Problem Statement

Tenchi was an auction-based NFT creation and trading platform idea that we developed into a solution. We started with theme-based wireframes to design an uber-intuitive front end with anime and video implementation. The user could choose an NFT from the auction list, and bid, and the one with the highest increment value would win.

We identified ERC1155 as best suited development standard and implemented. Also provided functionalities like leaderboard, NFT storefront and Meta Mask for native crypto wallet experience. So once the NFT is purchased, the bid amount of the token will be deducted from the user's wallet, and the user will be rewarded with the NFT he/she bid for. 

Key Features & Solutions

Design

Design

  • Bidding list of top 3 users
  • User-friendly design
  • Carousel for template list
  • Figma Designing
  • User Flow
  • Journey mapping
Development

Development

  • Advanced token listing and search
  • NFT contracts for minting
  • Integrations with Meta Mask
  • Integrated Auction and Bidding feature on the website
  • Feature of withdrawing the losing amount

Technologies We Used

Laravel
Laravel
Metamask
Metamask Integration
Ether.js
Ether JS
Web3.js
Web3 JS
Smart contract
Smart Contract Development
Solidity
Solidity
Ethereum Blockchain
Ethereum Blockchain
Javascript
JavaScript
jQuery
JQuery
MySQL
MySQL
Asana
Asana

The Challenges

1
The critical challenge was choosing between ERC721 and ERC1155 as a token standard for development.

2
The major hardship was creating a minting agreement.

3
Add auction functionality to the contract.

4
Integration of the contract with the website.

The Solution

With anime-based frontend, Tenchi stands apart in crypto-sphere as one- of -a -kind auction based NFT trading platform. Further with implementation of ERC1155, transaction fees paid to miners on a blockchain network got reduced.

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