Stellar Community Fund

By Rarible.com & Stellar

Rarible.com X Stellar NFT Experience

SCF #30

$150.0K

Build

Awarded

Rarible is excited to deliver a world class NFT experience to Stellar. Rarible will integrate Stellar NFT's into Rarible.com, and in turn expand the ecosystem, user adoption and multiply transactions to a whole new level.

Products & Services

Infrastructure API suite (see https://rarible.org/) Mint and Trade NFT’s Via stellar assets

Soroban

Yes

Requested Budget

$150.0K

Success Criteria

Impact

New Collection Launches:

Measure the number of new Stellar-based NFT collections created on Rarible
Track the diversity of creators adopting Stellar for their NFT projects Transaction Volume:
Monitor the increase in on-chain transactions related to Stellar NFTs
Observe the growth in trading volume for Stellar-based NFTs on Rarible User Adoption:
Track the number of unique wallets interacting with Stellar NFTs on Rarible
Measure the percentage of Rarible users who engage with Stellar-based NFTs Cross-Chain Activity:
Analyze the number of users engaging with both Stellar and other blockchain NFTs on Rarible
Monitor cross-promotion and cross-collection activities between Stellar and other supported blockchains Ecosystem Expansion:
Track the number of new Stellar-focused NFT projects and communities formed on Rarible
Measure the growth of Stellar-based NFT utilities and use cases (e.g., gaming assets, digital collectibles, access tokens) launched through Rarible

Go-To-Market Plan

Rarible is excited to deliver a world class NFT experience to Stellar. Rarible’s standard contractual model includes 4 elements: Rarible has worked with many different chains, teams and foundations, and can provide a flexible contracting strategy to support our client’s needs.

For Stellar, we propose a phased approach to acceptance and payment as follows:

Phase 1: Integration Licensing and configuration for Stellar NFT minting and trading on Rarible.com.

Proposed Phase 2 *Note: A Secondary agreement will be required to initiate Phase 2 Phase 2: Marketing Licensing and configuration of Rarible NFT infrastructure to support new chain Annual support and maintenance subscription for deployed software Mint pack licensing for per mint platform fees Coordination services for marketplace success - community and creator onboarding.

Description: Deploying Rarible NFT infrastructure on Stellar so that Rarible.com and other parties can mint and trade NFTs on Stellar via $XLM.

Completion criteria: Demonstration of NFT minting and trading workflow on Stellar explorer using Rarible delivered contracts and systems.

Delivery timeframe: Generally 90 days for non-EVM chain. Creator enablement on Stellar marketplace via Rarible.com.

Phase 3: Incentives Incentivized Minting for NFT community creation and growth Rarible believes the best way to “cold-start” a vibrant NFT ecosystem is through the incentivization of both creators and early adopters. There are two mechanisms for incentivizing early adopters to pursue the minting mechanics and make it a habit. Those are by offering free mints, and by selectively delivering airdrops to the most active minting and trading wallets. Rarible manages campaigns related to the former, while we can provide a playbook to our customers on incentivizing airdrops, while Rarible itself does not conduct these. Description: Following the acceptance of Phase 1 deliverables, Rarible will coordinate the strategy and delivery of the first 90 days of Stellar creator minting. This 90 day plan will feature over 100 artists, creators and projects, and will be designed to drive awareness and adoption of Stellar NFTs within the Stellar community, as well as into the broader Rarible.com ecosystem. Highlights include:

Rarible Takeover Week - First 5 drops will be featured for 5 days on the top of Rarible.com homepage. Associated marketing

Drop schedule managed by Rarible for the first 3 months with ongoing marketing support. Note that Rarible will manage incentivization of creators as needed to successfully deliver this program. Incentives are included in Phase cost. Acceptance criteria: Stellar representative reviews Artist / collector line up for Rarible.com take over, and approves creator targets for 90 day campaign. Payment terms: Due upon Phase 2 kickoff (following Phase 1 acceptance Delivery timeframe: Rarible.com takeover week within 60 days of Phase 2 kickoff. Project runs for 90 days following the initial takeover launch. Description: Following the acceptance of Phase 2 deliverables, the Stellar marketplace on Rarible.com will be ready to offer mints. Historically, Rarible charges a $2 / mint platform fee for each mint conducted on Rarible.com and on Rarible X marketplaces. This fee covers the scalable costs of infrastructure as mints increase. For a Minting Incentivization campaign, Rarible reduces the platform cost to $0/mint for a specified number of mints, removing the cost of minting as a barrier to participation. Rarible instead sells a “mint Note, that following the initial Mint Pack based incentivization phase, Rarible generally recommends that the customer “turn on” a $2 / mint platform fee, where that fee is used to offset mint pack costs, and to fund an ongoing creator enablement fund, thereby making the ongoing operation of the marketplace self sustaining. Note, while Rarible does not operate chain specific airdrop incentives, we would recommend allocating ~ $200,000 of airdrops for the first 90 days.

Phase 4: Ongoing Maintenance and Support Annual cost to manage ongoing support of Stellar Marketplace on Rarible.com pack” to the customer with a specified number of mints at a discounted price. For the initial 90 days of no-cost minting, Rarible recommends a 500,000 mint pack at the cost of $200,000. This dramatically reduces the cost per mint to $.40. Acceptance criteria: This mint pack is accepted upon completion and acceptance of Phase 2 deliverables. Payment terms: Due upon Phase 3 kickoff (following Phase 2 acceptance)

Description: Rarible provides a support team dedicated to the ongoing success of your marketplace, creators and users. We handle 1st line support via FAQs and a ticketing system, and manage and deliver to SLAs.

Acceptance criteria: Annual customer review. Acceptance due prior to expiration of annual agreement. Payment terms: Due on acceptance

Traction Evidence

Tranche 1 (Deliverable Roadmap) - MVP

Tranche 1 - Kick off (50K)

Implement Stellar blockchain indexing in Rarible's backend
Set up nodes to sync with the Stellar network
Create data models to store Stellar blockchain data

API Development

Develop new API endpoints for Stellar-based NFTs
Extend existing APIs to support Stellar NFT operations
Implement Stellar-specific logic for minting, transferring, and burning NFTs

SDK Updates:

Update Rarible SDK to include Stellar blockchain support
Add methods for interacting with Stellar-based NFTs

Tranche 2 (Deliverable Roadmap) - Testnet

Tranche 2 - Testnet (50K)

Wallet Integration:

Integrate Stellar's preferred wallet solution (e.g., Freighter or Albedo)
Implement wallet connection and transaction signing for Stellar

Tranche 3 (Deliverable Roadmap) - Mainnet

Tranche 3 - Mainnet (50k)

User Interface Updates:

Add Stellar as a blockchain option in Rarible's UI
Implement UI components for Stellar-specific features Collection Creation Process:
Develop a UI flow for users to create Stellar-based NFT collections
Implement backend logic to register new collections on the Stellar blockchain
Update indexing service to capture new collection data Testing and Deployment:
Conduct thorough testing of the entire integration
Deploy updates to staging environment
Perform final tests and deploy to production

Team

Rarible.com is a leading multi-chain NFT marketplace that enables users to create, buy, sell, and trade digital collectibles across various blockchain networks. The platform supports multiple popular blockchains, offering a user-friendly interface for both creators and collectors to engage with NFTs. Rarible also provides tools for launching custom NFT collections, participating in community-driven governance through its RARI token, and exploring a diverse range of digital assets including art, music, videos, and more.