This is a set of projects related to NFT. It includes NFT Launchpad, building a website that shows release information of an NFT collection. Next is building the Mint-NFT function to help create NFT Collections and store them on the Blockchain system. Finally, NFT Market Place supports users to upload, buy, or sell their NFTs.
Client name: Private
We developed this project with a team of experienced developers in the blockchain field, and using smart contracts to create NFT based on ERC 721 standard (Store image on IPFS, and ID on smart contract). For Marketplace, we create smart contracts to execute buy and sell orders (the seller will push the sell order up to a smart contract, and the buyer will also push the buy order up to that smart contract. Finally, the smart contract will execute transferring money to the seller and transferring NFT to the buyer)
Use smart contracts to create NFT based on ERC 721 standard
For Marketplace: Create smart contracts to execute buy and sell orders
The project team encountered no technical challenges, including achieving the system’s functional criteria as specified by the SEC, based on prior experience working on other exchange systems. However, the project has to face challenges due to the Cryptocurrency downtrend:
Financial Impact of Cryptocurrency Downtrend
Risk of Uncertain Market Conditions
Balancing Project Quality and operational Cost
Managing Stakeholder Expectations
Ensure legal protection for users set by the Securities and Exchange Commission (SEC)
The way we save cost and optimize quality for this project:
Use IPFS to store data for saving costs.
Consult with the company’s Blockchain experts for advice.
With the current capabilities of AI in assisting various tasks, applying AI to tasks such as UI design, testcase review, and source code review has helped the project team save a significant amount of time and effort.
Using SonarQube for automated code review helps save costs associated with manual code review and ensures the quality of the source code.
Each project involves both experienced and new team members. Although all team members receive training before joining the project, it is not possible to cover the entire system comprehensively. Therefore, to accelerate project progress and ensure the highest quality, it is essential to assign experienced individuals to tasks that require expertise in a specific domain. For example, when developing a Mobile App, experienced individuals can handle API integration for screens with complex logic, while newcomers can focus on UI development, requiring little or no experience in Crypto Exchange.
It may seem difficult to persuade, but usingthird-party services can save more money than handling a service internally. For instance, by using a third-party service for Slider Captcha (a service provided by a dedicated team), the project can save costs compared to implementing and maintaining a separate service. Based on the company's experience and project team's expertise, they have identified third-party providers with the best cost-effectiveness, stable service quality, and sustainability.
Each error results in a series of related actions, such as logging bugs, fixing and retesting, reporting, and capturing evidence. By ensuring strict quality processes within the company, the project team has minimized the occurrence of errors, reduced rework time and saving costs.
With their own experience and a team of experienced consultants, the project's technical and business implementations are streamlined and accurate, minimizing costs, time, and resources. For a large-scale project, even a single incorrect business or technical approach can lead to a cascade of issues. By forecasting and providing appropriate solutions based on previous project experiences, this project ensures the highest quality while maintaining reasonable and cost-effective measures.
The project has exceeded expectations, within 2 months' time. In addition to providing products as required by customers, we also provide suggestions/support to customers with accompanying solutions (Mint NFT as well as advice during the operation of NFT Market Place).
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