Content Coin, a NFT Smart Contract Compliance side-chain on the XRP Ledger and its ecosystem provide content: compliance, security, encryption, minting, storage, retrieval, delivery, publishing, privacy, and monetization of tokenized content in the form of Non-Fungible Tokens. The native token is a deflationary asset and is also used for the payment of digital, visual, audible, physical, and geospatial content. Asset backed tokenomics, and new proofs and staking strategies will maintain a healthy on-chain trustless economy. The ecosystem empowers content creators through built-for-purpose user friendly tools, and is focused on solving complex real-world problems including eliminating child pornography and content piracy.
An exhaustive roadmap has not been completed to bring every aspect of our ecosystem online but we believe it will take a minimum of two (2) years to completely buildout our entire pool of resources and services including the full blockchain.
The ecosystem will evolve through building a proof-of-concept ecosystem leveraging the XRPL directly, traditional hosting for storage and delivery and then incrementally migrate the decentralized pool of resources and services to the full Content Coin ecosystem over the estimated two (2) year timeline.
WordPress is a very large and healthy ecosystem that empowers small business owners like creators to run their own storefronts and therefore would provide an ideal testing ground for validating the use of the XRPL for NFT’s.
The plan is to build out the Content Coin - Web Content Service XRPL Integration and using the Content Service API, create a WordPress plugin ecosystem to empower WordPress users to create XRPL NFT’s with their Media Library uploads, sell their XRPL NFT’s, store their NFT’s and display their XRPL NFT’s. We will be bringing on a minimum of 8 developers, 1 to 2 project managers, 1 designer/UX professional, and at least one quality assurance professional to complete the Statement of Work below.
Phase timelines run concurrently as we will use scrum teams to expedite going to market within approximately 44 weeks from receiving grant funds.
- 14 weeks - Design a proof-of-concept content minting and display service API based on the NFT proposed in XRPLF/XRPL-Standards#30 with key additions for scalability and cross-chain interoperability.
- 20 weeks - Build Minting Service - use PHP, JavaScript, and XRPL API’s.
- 8 weeks – Test Minting Service
- 8 weeks – Pilot Minting Service – refine the service and prove the viability
- 4 weeks – Launch - refine the proof of concept through user feedback into a minimally viable product
Phase 2: Content Coin Mint WordPress Plugin - 36 weeks
Publish an open-source WordPress plugin that leverages the Content Service to integrate minting directly into the WordPress interface and media workflow. – 36 weeks
- 6 weeks - Design a WordPress plugin that that uses the Content Service to allow users to create NFT’s from newly uploaded media. Future features can allow to delegate thisoption to certain user roles, provide minting -as-a-service, and multi-vendor minting-asa-service.
- 12 weeks – use PHP, JavaScript, and Content Service API’s.
- 6 weeks – Test Minting Plugin
- 8 weeks – Pilot Minting Plugin– refine the service and prove the viability
- 4 weeks - Launch- refine the proof of concept through user feedback into a minimally viable product
Publish an open-source WordPress plugin that leverages the Content Service to display NFT’s on the WordPress site.
- 6 weeks - Design a WordPress plugin that that uses the Content Service to Display NFT’s on the website similar to a web wallet. Future features can allow admin users to delegate this option to certain user roles.
- 10 weeks – use PHP, JavaScript, and Content Service API’s.
- 4 weeks – Test Display Plugin
- 5 weeks – Pilot Display Plugin– refine the service and prove the viability
- 4 weeks – Launch-refine the proof of concept through user feedback into a minimally viable product
Publish an open-source WordPress plugin that leverages the Content Service display NFT’s on the WordPress site.
- 10 weeks - Design a WordPress plugin that that uses the Content Service to allow users to sell NFT’s through WooCommerce. Future features can allow to delegate this option to certain user roles, and multi-vendor support, and Easy Digital Downloads support.
- 18 weeks – use PHP, JavaScript, and Content Service API’s.
- 6 weeks – Test WooCommerce Product Plugin
- 6 weeks – Pilot WooCommerce Product Plugin– refine the service and prove the viability
- 4 weeks - Launch- refine the proof of concept into a minimally viable product