NFT Vision Hack

NFT Payment Solutions

About Circle

Circle is a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully-reserved stablecoin.

Background

Context: NFTs are gaining widespread popularity. However, the vast majority of NFTs are currently only available on-chain, and only a very small number of all people are currently on-chain. This can be exemplified by the fact that Metamask, the most popular EVM compatible crypto wallet, has only surpassed 5 million users, representing 0.06% of the world population. Hence, the vast majority of humanity has yet to get access to most of the available NFTs.

As such, there is currently a need for solutions to simplify the ways NFTs are bought and sold, for people who are not familiar with on-chain wallets.

The Challenge: NFT Payment System Solutions ⚔️⚔️⚔️

Build a NFT payments solution with the best possible customer experience. NFTs are a global phenomenon, catering to crypto-enthusiasts and non-crypto-native consumers. By incorporating USDC and payment gateways like Circle APIs into your payments solution, you will allow people to easily buy and sell NFTs with both crypto and traditional payment methods.

Submissions and Next Steps

Please submit the following:

Working Prototype (optional)
Publicly accessible code repo
Slide Deck (follow this template, also, here is an example deck, keep it to 6 slides or less)
2-min video (optional)

Please make sure to submit your solution before 30 Aug 2021.
The best solutions will be curated by a jury of NFT and blockchain experts.

Review the Workshop

Learn everything you need to know about this track in this exclusive workshop by Circle.

Join the Hackathon Slack Channel

Interact directly with Circle representatives & access resources in the dedicated NFT Vision Hack Slack channel

Frequently Asked Questions

Is there a cost to participate in NFT Vision Hack?

NFT Vision Hack is 100% free for all attendees.

How many people can be on a team?

Teams can include up to 5 team members. You can team up with software developers from any country, or with any type of experience!

Can I join more than one track?

You can submit your project to multiple tracks as long as your project fulfills the given requirements of any of the respective tracks.

e.g.:

You create an NFT Art collection at Scale competing for the “NFT Art Collection at Scale” track by Indorse.
You store the NFTs on IPFS for the special prize.
You create the event of a primary sale (primary auction) for your NFT Art Collection using Circle’s APIs, thereby satisfying the “NFT Payment Solutions” track.
You create a separate NFT marketplace for secondary sales and future launches/minting of additional items of your NFT art collection series and launch it on Rarible Protocol, thereby tapping onto Rarible Protocol’s liquidity and fulfilling the requirements for the “Build on Rarible Protocol” track.
If you have questions about the eligibility of your project for a particular track, kindly consult the organization team on either Slack or Discord.

Do I need to have coding skills?

Not at all! You are not required to submit a code repository for the “A Scalable NFT Art Project” track. However, we do require a code submission for the other three tracks

What do I need to submit?

Each track will have slightly different submission criteria. You can find the submission criteria in the respective track information pages. In general, we will ask you to submit your code repository, a working prototype (optional), a short 2-min video and a short slide deck.

Can I submit a past project?

Yes and no. In order to ensure fairness, projects and teams that put in days and nights of work will have higher chances of winning over teams that submit past projects. If you really want to submit a past project, we expect you to considerably alter your submission, and create at least 1-2 differentiators over your past project submissions.