LootVault

LootVault offers a unique way for creators to interact with their fans through utility focused NFTs.

Demo Video Live Demo Source Code

Technologies

Ethereum

IPFS

Figma

Description

LootVault creates a sustainable business model that aligns creator and fans: The longer the fans hold the creator NFT, the more interest is generated for the creator. If the fans don't see the value anymore, they can simply burn their charged Membership NFT for a full refund. Currently, only web 3.0 enables this business model, where creators can receive deposits and get funded through the occurring interest rate. While the creator is collecting the interest rate, the fan accumulates XP. This XP can be used to purchase unique experiences. Experiences include signed merchandise, exclusive content, collectible NFTs, and special discount codes. Features: - Metamask + WalletConnect signup - Email Signup (using Magic) - Fiat Onramp (using Ramp) - Interest bearing NFTs (using Charged Particles) - Fans can purchase Membership NFTs with DAI - DAI accrues interest inside the NFT, in form of aDAI - 100% of Interest gets sent to the creator - Fans receive XP which is 1:1 pegged to the interest - Fans can redeem XP for experiences (currently just mocked) - Fans can uncharge the NFT to receive back their DAI (frontend not implemented) Next features: - Custom NFT contract for more security (DAI amount, creator annuity share, and NFT metadata URI shouldn't be a variable when minting the NFT on the contract) - Polygon integration once Charged Particles is live on Polygon Mainnet - Meta transaction to pay gas fees for users - Instant Credit Card payments

How It's Made

Features: - Metamask + WalletConnect signup - Email Signup (using Magic) - Fiat Onramp (using Ramp) - Interest bearing NFTs (using Charged Particles) - Fans can purchase Membership NFTs with DAI - DAI accrues interest inside the NFT, in form of aDAI - 100% of Interest gets sent to the creator - Fans receive XP which is 1:1 pegged to the interest - Fans can redeem XP for experiences (currently just mocked) - Fans can uncharge the NFT to receive back their DAI (frontend not implemented) Next features: - Custom NFT contract for more security (DAI amount, creator annuity share, and NFT metadata URI shouldn't be a variable when minting the NFT on the contract) - Polygon integration once Charged Particles is live on Polygon Mainnet - Meta transaction to pay gas fees for users - Instant Credit Card payments

Team

Kai Klapal Grace Ng Michael Arnold Milo BC
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