The Crunchy.network team
Email or contact method:
Are you applying on behalf of a company, or as an individual:
Applying on behalf of the Sliced.art team
Frank Kirk - Co-Founder/Product Manager/Product Designer
Tezos ICO participant, baker, founder of Rocket Launchpad and product manager/designer for Crunchy Network. Also has 7+ years experience leading product and design for military and commercial projects.
Josh Dechant - Co-Founder/Lead Engineer
Software Engineer with 20+ years experience, founder of Crunch.network, smart contract developer for Rocket Launchpad and smart contract developer for numerous Tezos NFT projects such as Ziggurats and Ottez. Formerly Lead Engineer at Interpop.
Huy Do Quang - Junior Full Stack Developer
Software dev since 2020, Huy received smart contract training from Tezos Tunisia in October 2021. He joined Crunchy.network early 2023 and focuses on the DEX agg and indexer.
If company, provide company name and website:
Name of project or idea:
Detailed description of your project or idea and why you believe it deserves funding:
What is Sliced.art?
To put it simply, Sliced.art is a new way to collect NFTs by allowing artists and NFT holders the ability to slice NFTs into “slices” which can be sold on our marketplace.
Along with the ability to slice, the slice.art smart contract also allows users the ability to set a reserve price for the underlying NFT that was sliced. The weighted average reserve price between all votes will be the buyout auction price. If an individual comes along and decides they wish to buyout the underlying NFT that was sliced, a buyout auction begins at the reserve price and runs for 7 days. Once the underlying NFT is sold, individuals that hold slices can burn their slices to redeem their share of the sale.
Slicing an NFT reduces the cost of entry for those who are normally priced out of Tezos’s blue-chip NFTs. Collectors can own slices of NFTs, while reducing the risks and costs that are normally associated with buying that NFT outright.
With sliced NFTs, liquidity is also increased. When you slice a NFT, generally each fragment will be priced much lower than the NFT itself. This allows for everyone the opportunity to purchase these NFT slices. Now, instead of listing a NFT and waiting for days, weeks or months for someone to purchase an NFT that has a floor of 1,000 XTZ, you can now slice that NFT into 1,000 fragments and list each piece for 1 XTZ each.
It’s now possible to “slice” up an NFT into millions of fungible tokens. These fungible tokens can then be sold on Sliced.art or be traded on a supported marketplace, like OBJKT.com, or any NFT marketplace that wishes to integrate Sliced.art.
Sliced NFTs also open up a new way for artists to earn royalties. With Sliced.art, an artist can mint a 1 of 1 NFT (on their platform of choice), create a certain number of slices on sliced.art, and set a annual curator fee. That annual curator fee is an inflation percentage that goes to the individual that sliced the NFT. For now, this fee is set to a max of 10% annually. This means that the supply will automatically inflate by up to 10% on an annual basis, and the increase in slices will be directly sent to the artist’s wallet. With these earned slices, the artist is free to resell them, or hold them for the eventual buyout of the underlying NFT, or both. This fee, if set, is enforced by the Sliced.art protocol, ensuring ongoing value for the artist.
The One of One Experience
Another exciting aspect of Sliced.art we quickly realized …there is no longer the need for artists to mint more than 1 edition of an NFT. Instead of minting multiple editions, slice the 1 of 1 NFT into fractions. Collectors can now purchase slices of an NFT to ensure everyone can own a share of that NFT, but the actual NFT represented is still a 1 of 1 NFT and is always available to purchase outright through a public reserve auction on Sliced.art.
A large portion of Sliced.art has been completed however there is around 1-3 more months of work that needs to be completed. The grant funds would be used to finish development of the front end as well as cover infrastructure costs for the first 6 months.
What type of background or experience do you have and your team have in building out a project like this:
We have built crunchy.network, lockt.io, wtz.io and assisted many PFP products with their launches (Ziggurats, Ottez, Cyberkidz, Chop Sumoz, etc).
You can also find a mainnet work in progress version of our dApp here:
PLEASE do not slice anything you wish to keep as everything is experimental and for testing purposes.
Social handles of project, if any:
Funding amount being requested:
Tez address to be funded:
Proposed goals/GPIs to deliver for the requested funding:
We also believe in self sustainability of the Tezos Ecosystem DAO. If funded, we will be sending 2% of all sliced.art XTZ revenue to the Tezos Ecosystem DAO treasury.
- Sliced.art Homepage
- Create a featured slices section
- Popular seller section
- Recent sales section
- FAQ Page
- Most commonly asked questions and answers
- Links to Discord, docs, and Twitter to ask more specific questions
- Explore/Marketplace Page
- Filter that allows to adjust a price range, total valuation, status, and collection
- Tabs that allow users to see all NFTs, active sales, buyout auctions and completed sales
- View Sliced NFT Page
- Card that allows user to buy slices and perform a buyout auction and ability to vote on the reserve price for the underlying NFT
- Card that shows the top 5 owners of those slices
- Card that shows recent activity