Stellar Community Fund – Million NFTs

Products & Services

Million Nfts is an NFT marketplace on the Stellar blockchain. Having your NFTs minted on the Stellar network has some obvious benefits over Ethereum such as less minting cost and time. However, Million Nfts is built to address an entirely different problem. Our goal is to make it easier for the NFT artists to bring their work to the general audience. To make it work, we've minted Million NFTs tokens on the Stellar Network.

Million NFTs don't charge any sort of fees from the users. You only pay the minting costs which are negligible on the Stellar blockchain. Instead, we encourage new artists to use our affordable ads feature that will put their work in from of thousands of potential buyers. The payment of the ads will be paid in Million NFTs token. This will ultimately make it easier for anyone to promote their work.

What makes Million NFTs better than Opensea:

Millionnfts doesn’t charge anything to buyers and sellers.
You only pay a negligible minting fees.
It’s easier for new artists to promote their work using inbuilt ads feature.
Minting time is instantaneous.
Brings perfect utility for Millionnfts tokens.

No items found.

Previous Project(s)

No items found.

Progress so far

We have a community of 80,000 members on Instagram and Twitter.
MillionNFTs token has over16,400 holders.
Front-end for both desktop and mobile was released in Feb 2022.
Millionnfts alpha version was released last month and currently, I am working on Stellar wallet integration.
I am already halfway through the development of Millionnfts advertising feature.

There are many other features that I’ve been working on. I’m hoping to finish everything by Oct 2022, assuming I receive the funds that are required to make this happen.

Goals

These are some of the things that I’ve planned to achieve in 6-8 months.

Fully developing the platform (web) on both mobile and desktop.
Introducing Millionnfts ads that will feature Artist’s work on the homepage. Payment will be made in Millionnfts tokens.
Launching mobile apps (Android and IOs)
Hiring more developers and designers to work on the platform. Currently, it’s just me.
Promoting the platform on social networks and bringing users to the platform

To get there, we will use our requested budget of

to:

First and foremost, we need to complete the development of the platform. As mentioned earlier, for MillionNFTs is just managed by me. To progress further and complete the development of the project, it's necessary to hire a few developers and marketers for the project.

Once fully developed, we will use social media advertising to target new NFT artists on different blockchains (mainly Ethereum).

Overview

Overview

Thousands of projects are submitted on Opensea every day. Only a tiny percentage of those projects reach their funding soft cap. It's because the platforms like Opensea are dominated by marketers. You don't have to be a good artist, you just need to be a great marketer with a budget in thousands of dollars to make your NFT project successful. That's what MillionNFTs is planning to solve. This platform is designed to give all NFT artists an equal opportunity of bringing attention to their work. Everyone can use an in-built advertising feature of MillionNFTs to get featured on Homepage. This also bring a perfect utility for MillionNFT tokens.

What are the utilities of MillionNFTs tokens?

Artists can promote their work on the platform by paying in MillionNFT tokens.
Users can buy NFTs using either MillionNFTs token or XLM.

What makes Million NFTs better than Opensea:

Millionnfts doesn’t charge anything to buyers and sellers.
You only pay a negligible minting fee.
It’s easier for new artists to promote their work using the inbuilt ads feature.
Minting time is instantaneous.
Brings perfect utility for Millionnfts tokens.

No items found.

Links:

https://twitter.com/millionnfts

https://www.instagram.com/millionnfts/

Team

Name: Usama Akhtar

Discord: usama10#5284

Linkedin: https://www.linkedin.com/in/muhammad-usama-akhtar-a88bb1114/

Email: info@millionnfts.fun

I am a full-time developer and got into blockchain 2 years ago. I've built small projects on different blockchains such as Ethereum, Solana, Polygon, and Stellar.

One of the best thing throughout my journey was to discover Stellar Network. I was fascinated with its features and then decided to launch MillionNFTs on Stellar Network.

* The amounts shown are budget requests and not (yet) granted to the projects. During the Community Vote phase, voters can indicate whether the project deserves the amount it's asking for (budget request). The total pool of XLM available for SCF#11 is 8M XLM. SDF will allocate the XLM equivalent of the specified USD budget of the submissions with the most votes in descending order of rank until the earlier of (i) the XLM Pool is fully distributed (ii) there is not sufficient XLM remaining in the XLM pool to fully fund the next ranked submission or (iii) there are no remaining eligible submissions. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)