PixelPlex has consulted a client on the development of a Solana-powered NFT marketplace intended for restaurant businesses and their investors. Our experts have defined and elaborated the marketplace’s core features, user roles, NFT model, third-party integrations, and a host of other technical criteria vital for delivering a successful and fully-fledged NFT platform.
Help the customer define the core technical components and architecture of the NFT marketplace-to-be
Elaborate on how to ensure smooth user flow on the platform
Research and provide a list of key third-party integrations
Consult the customer on the most appropriate technology stack
Think through the key NFT marketplace features
An expert in the field, our customer conducted thorough market research and concluded that the existing methods for restaurant financing are inefficient and suboptimal for both owners and investors. The client also noted that restaurants often have to operate with tight margins and limited working capital, which puts them in a difficult position in terms of sustaining or growing their businesses.Keen to resolve the aforementioned challenges while implementing the newest tech trends, Oku Group decided to offer their own unique NFT marketplace that would draw in an international restaurant community and allow participants to enjoy fruitful and successful cooperation on a top-notch platform.To gain a better perspective of their project, Oku Group reached out to PixelPlex as a reliable and experienced blockchain and NFT consultant.
PixelPlex blockchain consultants have analyzed the client’s requirements and worked out an all-encompassing development roadmap, as well as a vision and scope document that covers all technical and business aspects from A to Z. The NFT platform’s architecture and key components are included in the roadmap, which also anticipates risks and dependencies, and provides a broad understanding of user roles and their opportunities in the NFT marketplace.
Together with the customer, the PixelPlex consulting team has thoroughly considered the business and operational logic of the NFT marketplace to ensure that it will be able to fulfill two core business goals that the client is striving to achieve:
We have established the following functional flow for the NFT marketplace:
Oku Group selects a suitable restaurant based on certain criteria.
Legal frameworks setting out specific conditions are created.
Oku Group mints a predetermined number of tokens for each restaurant.
NFTs are available to trade on the NFT marketplace.
NFTs are purchased by investors.
NFT holders receive access to various perks offered by restaurants.
Performed on the admin side. The platform’s admin will also see the statistics of all minted NFTs.
Showcasing a variety of restaurant NFTs that users can purchase.
Offers users the opportunity to buy/sell NFTs on the marketplace for a fixed price.
A page that displays important data such as trading volume, transaction history, and the number of NFTs sold and offered for sale.
A person who operates on the web platform. To gain access to the NFT marketplace’s functionality, a user has to undergo a KYC verification procedure and connect their wallet.
A person having access to all management tools and responsible for managing the NFT marketplace’s activity.
A vendor whose NFTs are minted and traded on the NFT marketplace. A restaurant can change the terms of the agreement and set up conditions for their NFTs’ prices, royalties, user privileges etc.
To cater to the interests of different audiences, the client wanted to incorporate diverse NFT types into the marketplace. Our consultants analyzed the requirements and needs of potential marketplace users and introduced a multi-tier NFT system, where each NFT tier would be based on specific ownership rights and benefits for token holders.
the first tier with a set of benefits
the second tier with a set of benefits as well as all the benefits from the Standard tier
the third tier with a set of benefits, plus all the benefits from Standard and Premium tiers
the fourth tier with a set of benefits and all the benefits in Standard, Premium, and Super Premium tiers
the fifth tier with a set of benefits and all the benefits in Standard, Premium, and Super Premium tiers
Alongside the client, we looked into different blockchains and their capabilities. After conducting thorough research, we decided to opt for Solana because it offers the following advantages:
Our technical experts recommended to the customer that they leverage the following tools and frameworks for the development of the NFT marketplace: