<h2>Infrastructure Funding for Polkadot Asset Hub #3 - Atomic swaps, Offers, Maintenance</h2>
<h2 id="context"><img src="https://i.ibb.co/BT8Qj36/image.png" alt="image.png" />Context</h2>
<p><a href="https://docs.google.com/document/d/1sSbzmIsHsPJAzWlKJx32z181E9LzfzC14cnjYJHekKk">&gt;&gt; Full proposal &lt;&lt;</a></p>
<p>KodaDot has established itself as the leading NFT marketplace on Polkadot Asset Hub, successfully delivering over 40 generative art drops and processing nearly 9,000 NFT mints with a 95%+ success rate. Our infrastructure currently handles 40,000 daily unique requests and maintains over 75,000 NFT metadata entries. As an open-source public good, we've distributed over $400k in bounties to more than 130 contributors, building essential NFT infrastructure for the entire ecosystem.</p>
<h2 id="theproblem">The Problem</h2>
<p>KodaDot's rapid growth has brought us to a critical juncture. While we're successfully delivering regular generative art drops and serving a growing user base, we urgently need to secure long-term maintenance funding to sustain this public infrastructure. Without dedicated maintenance resources, we can't reliably expand to meet user demands for crucial features like trustless NFT trading and a comprehensive offers system. As the leading NFT platform on Polkadot Asset Hub, consistent maintenance, monitoring, and optimization are essential to ensure the platform remains reliable for the entire ecosystem.</p>
<h2 id="ourobjectives">Our Objectives</h2>
<p>We aim to solve these issues by implementing secure peer-to-peer NFT trading through atomic swaps, enabling a flexible offer system for any NFT, and maintaining robust infrastructure. These improvements will significantly enhance the NFT trading experience on Polkadot, making it more competitive with other blockchain ecosystems.</p>
<h2 id="thesolution">The Solution</h2>
<p>We're proposing three major developments:</p>
<ol>
<li>
<p><strong>Atomic Swaps</strong>: A secure, trustless trading system allowing users to exchange NFTs directly without intermediaries. This includes multi-asset support and optimized pricing, ensuring safe and efficient trades.</p>
</li>
<li>
<p><strong>Offers System</strong>: A comprehensive bidding system enabling users to make offers on any NFT, whether listed or not. This includes time-limited offers, counter-offers, and a notification system to keep users engaged.</p>
</li>
<li>
<p><strong>Infrastructure Enhancement</strong>: Significant improvements to our backend systems, including optimized gateways processing, advanced caching, and enhanced IPFS pinning for reliable NFT metadata storage.</p>
</li>
</ol>
<h2 id="technicalimplementation">Technical Implementation</h2>
<p>Our experienced team of five developers will build these features using our proven technical stack. We're extending our SubSquid indexing nodes, implementing new NFT pallet integrations, and enhancing our caching layer with Stellate. Performance targets include sub-3-second response times for offers, sub-5-second execution for swaps, and 99.9% system uptime.</p>
<h2 id="budget">Budget</h2>
<p>The $280,000 budget breaks down into five focused milestones:</p>
<ul>
<li>Offers Implementation: $40,000 (2 months)</li>
<li>Atomic Swaps: $40,000 (2 months)</li>
<li>Infrastructure Enhancement: $40,000 (2 months)</li>
<li>Community Features: $20,000 (1 month)</li>
<li>12-Month Maintenance: $140,000</li>
</ul>
<p>Each milestone has clear deliverables and success metrics, with progress tracked publicly on our GitHub repository. The maintenance period ensures continuous support and optimization as these features scale.</p>
<p><strong>Disclosure:</strong></p>
<p>This funding will ensure KodaDot continues to serve as a public good for the Polkadot ecosystem, maintaining and expanding essential NFT infrastructure that benefits the entire community.</p>
<p>You can track our progress at: <a href="https://github.com/orgs/kodadot/projects/22/views/1">https://github.com/orgs/kodadot/projects/22/views/1 </a></p>
<p>This infrastructure upgrade represents a crucial step forward for Polkadot's NFT ecosystem, enhancing trading capabilities while maintaining our commitment to being an open-source public good.</p>

<h2>Infrastructure Funding for Polkadot Asset Hub #3 - Atomic swaps, Offers, Maintenance</h2>
<h2 id="context"><img src="https://i.ibb.co/BT8Qj36/image.png" alt="image.png" />Context</h2>
<p><a href="https://docs.google.com/document/d/1sSbzmIsHsPJAzWlKJx32z181E9LzfzC14cnjYJHekKk">&gt;&gt; Full proposal &lt;&lt;</a></p>
<p>KodaDot has established itself as the leading NFT marketplace on Polkadot Asset Hub, successfully delivering over 40 generative art drops and processing nearly 9,000 NFT mints with a 95%+ success rate. Our infrastructure currently handles 40,000 daily unique requests and maintains over 75,000 NFT metadata entries. As an open-source public good, we've distributed over $400k in bounties to more than 130 contributors, building essential NFT infrastructure for the entire ecosystem.</p>
<h2 id="theproblem">The Problem</h2>
<p>Despite our success, the Polkadot Asset Hub lacks two critical features needed for a thriving NFT ecosystem. First, users cannot perform trustless peer-to-peer NFT trades, forcing them to rely on intermediaries. Second, there's no way to make offers on NFTs that aren't listed for sale, limiting market liquidity and user engagement. Additionally, as platform usage grows, we need robust maintenance to ensure reliable performance and user satisfaction.</p>
<h2 id="ourobjectives">Our Objectives</h2>
<p>We aim to solve these issues by implementing secure peer-to-peer NFT trading through atomic swaps, enabling a flexible offer system for any NFT, and maintaining robust infrastructure. These improvements will significantly enhance the NFT trading experience on Polkadot, making it more competitive with other blockchain ecosystems.</p>
<h2 id="thesolution">The Solution</h2>
<p>We're proposing three major developments:</p>
<ol>
<li>
<p><strong>Atomic Swaps</strong>: A secure, trustless trading system allowing users to exchange NFTs directly without intermediaries. This includes multi-asset support and optimized pricing, ensuring safe and efficient trades.</p>
</li>
<li>
<p><strong>Offers System</strong>: A comprehensive bidding system enabling users to make offers on any NFT, whether listed or not. This includes time-limited offers, counter-offers, and a notification system to keep users engaged.</p>
</li>
<li>
<p><strong>Infrastructure Enhancement</strong>: Significant improvements to our backend systems, including optimized gateways processing, advanced caching, and enhanced IPFS pinning for reliable NFT metadata storage.</p>
</li>
</ol>
<h2 id="technicalimplementation">Technical Implementation</h2>
<p>Our experienced team of five developers will build these features using our proven technical stack. We're extending our SubSquid indexing nodes, implementing new NFT pallet integrations, and enhancing our caching layer with Stellate. Performance targets include sub-3-second response times for offers, sub-5-second execution for swaps, and 99.9% system uptime.</p>
<h2 id="budget">Budget</h2>
<p>The $280,000 budget breaks down into five focused milestones:</p>
<ul>
<li>Offers Implementation: $40,000 (2 months)</li>
<li>Atomic Swaps: $40,000 (2 months)</li>
<li>Infrastructure Enhancement: $40,000 (2 months)</li>
<li>Community Features: $20,000 (1 month)</li>
<li>12-Month Maintenance: $140,000</li>
</ul>
<p>Each milestone has clear deliverables and success metrics, with progress tracked publicly on our GitHub repository. The maintenance period ensures continuous support and optimization as these features scale.</p>
<p><strong>Disclosure:</strong></p>
<p>This funding will ensure KodaDot continues to serve as a public good for the Polkadot ecosystem, maintaining and expanding essential NFT infrastructure that benefits the entire community.</p>
<p>You can track our progress at: <a href="https://github.com/orgs/kodadot/projects/22/views/1">https://github.com/orgs/kodadot/projects/22/views/1 </a></p>
<p>This infrastructure upgrade represents a crucial step forward for Polkadot's NFT ecosystem, enhancing trading capabilities while maintaining our commitment to being an open-source public good.</p>

Infrastructure Funding for Polkadot Asset Hub #3 - Atomic swaps, Offers, Maintenance

General

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

- **Problem Statement:** Securing long-term maintenance funding for KodaDot's NFT marketplace on Polkadot Asset Hub to sustain infrastructure growth and meet user demands.
- **Significance:** Ensuring reliable NFT trading experience, competitiveness with other blockchain ecosystems, and continued support for the Polkadot ecosystem.
- **Proposed Solution:** Implementing secure peer-to-peer NFT trading through atomic swaps, a flexible offer system for any NFT, and enhancing infrastructure.
- **Expected Outcomes:** Enhanced NFT trading experience, improved competitiveness, and sustained support for the Polkadot ecosystem.

#1262 Infrastructure Funding for Polkadot Asset Hub #3 - Atomic swaps, Offers, Maintenance

No Active Proposals