We’re thrilled to announce that we accepted NFTYLabs to our Builders Program. The program is created to support teams that are building products that help further the development, growth, and adoption of the Astar ecosystem. The program is operated by Stake Technologies with guidance from Parity Technologies under the Builders for Builders initiative.
NFTYLabs is the parent company of a suite of products and services dedicated to helping both new and existing NFT ecosystems provide utility functions for the NFTs in their communities.
NFTYConnect is the flagship product of the NFTYNetwork and NFTYLabs designed to facilitate utility functions for companies, brands, influencers, or organizations who have NFTs in their ecosystems.
The core function of NFTYConnect is to verify ownership of NFTs. This enables our system to vet users based on what NFTs they own. This is an essential part of community management in crypto alone. After verifying ownership of NFTs, NFTYConnect enables users to access restricted token gates placed by the creators of said gates if they own the NFT required to access the restricted gates. These token gates can enable creators the ability to manufacture experiences for holders of their NFT and provide the users with a unique physical + digital experience. Some examples are redeeming physical items in e-commerce stores, unlocking VIP community access, or even restricting access to exclusive content like blogs or newsletters.
Application
NFTYLabs proposal was well received by the community and everyone who voted on the proposal gave them a pass.
Our first task in the program is to collaborate with the Astar Network’s builder program team in achieving ‘Milestone 1’.
Milestone 1 — Integrate Astar Ecosystem (Web Application)
Estimated Duration: Q4 of 2021
- Support Astar Ecosystem through integration on NFTYConnect web application
- Testing of integrations and functionalities
- Pushing integrations live for NFT functionality within the Astar Ecosystem on NFTYConnect’s web application
You can have a look at all the milestones in their proposal here.
About NFTY Labs
NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.
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About Astar
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines.
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NFTYLabs joins the Builders Program was originally published in Astar Network (Previously Plasm) on Medium, where people are continuing the conversation by highlighting and responding to this story.
