AIP-450: NFT Event Check-in Solution based on ApeChain

PROPOSAL NAME:

NFT Event Check-in Solution based on ApeChain

TEAM DESCRIPTION:

Our team comprises technical experts and innovators with extensive experience in hardware and software development, as well as a deep understanding of NFT technology and the web3 ecosystem. Each team member will leverage their professional strengths to ensure the smooth implementation and promotion of the check-in solution. Our core team members include:

  • Project Lead - Not Burger (@notburger_): A postgraduate from the University of Manchester with a degree in Business Analysis and Strategic Management. Previously worked at Deloitte and other consulting and financial firms. Currently all in Web3, Not Burger founded WIS (WorldinShadow), a Web3 offline event exposure platform (X Handle: @WorldinShadow / Website: https://wis.global/) at year of 2023, and showcased the NFT Event Check-in solution at the 20th ChinaJoy by integrating NFC with clothing, bags, and hats, creating a unique product with Web3 characteristics, which received positive feedback.

  • APP Developer - Pan: A senior full-stack developer with eight years of extensive development experience in various projects across traditional industries. In the Web3 era, he has helped multiple projects develop various products on different chains, including but not limited to ETH-based DeFi projects, BTC-based RUNE launchpad, and SOL-based NFT launchpad.

  • Product Manager - Sean: An executive at an information technology company with extensive experience in full-process product development management, from concept to market. He previously managed a product with over one million registered users and a daily active user base of 100,000.

  • NFC Expert - Dustin: Leads a team with complete NFC and scanner supply capabilities. Many of Asia’s shoplifting prevention systems, based on RFID (Radio Frequency Identification) technology, originate from his team.

Our team will collaborate closely, leveraging each member’s expertise to ensure the smooth implementation and promotion of the check-in solution.

PROPOSAL DESCRIPTION:

This proposal aims to introduce an NFT event check-in solution based on ApeChain, combining hardware products (NFC chips and scanners) and software products (an app based on ApeChain) to provide NFT holders with an immersive experience at all NFT offline events.

Specific Implementation Plan:

In terms of hardware products, we will use NFC technology combined with RFID (Radio Frequency Identification) to embed NFC chips into peripheral products, including clothing, hats, toys, and skateboards. We will also design and manufacture NFC scanners to detect products with NFC chips and read selected NFT image data in an app based on ApeChain, then display on a large screen to realize the conceptual scenario of NFT as our web3 identity and participate in real offline events. Simultaneously, scanners will also be used to support the “Unmanned check-in” model in Merch stores.

In terms of software products, we will develop an app based on ApeChain, offering features such as wallet connecting, NFT selection, and animated scene corresponding to the ticket you purchased. The app will provide a user-friendly interface for NFT holders to easily use the check-in system. All check-in animations can be individually created and saved by users, forming a unique user-generated content (UGC) culture, which also makes it easier to spread within communities and out of the web3. For event organizers, animating event tickets to become a unique background for attendees can help expand the brand’s influence and generate much higher traffic than traditional marketing methods.

This solution will fully leverage the image of all NFTs, providing NFT holders with a more immersive experience and enriching existing methods of peripheral product distribution. It will create unique and native web3 gameplay during the offline events and provide all NFTs with more practical value beyond avatars.

BENEFIT TO APECOIN ECOSYSTEM:

The proposed NFT event check-in solution will bring several benefits to the APECHAIN ecosystem:

  • Enhanced Adoption and Engagement: By providing NFT holders with an immersive experience at web3 offline events, the solution will increase adoption and engagement within the $APE ecosystem. NFT holders will feel more connected to the ecosystem and be incentivized to participate in events and activities.
  • Increased Visibility and Recognition: The innovative nature of the check-in solution, coupled with its use of ApeChain, will enhance the visibility and recognition of $APE in the broader market. This will attract more users, projects, and potential collaborators to the ecosystem, driving its growth and fostering a vibrant community.
  • Diversification of Use Cases: The check-in solution will demonstrate the versatility of $APE beyond where we are right now, showcasing its potential in the realm of NFT event management and engagement. This diversification of use cases will attract new projects and investors to $APE, expanding its reach and utility.

Overall, the NFT event check-in solution will contribute to the growth and development of the APE CHAIN ecosystem, defining APE CHAIN as the primary chain for all NFTs and continuously providing value for all $APE holders.

STEPS TO IMPLEMENT:

Period 1: week 1 - 4

  • Milestones: Complete design of NFC and scanners; Sample production and testing
  • KPIs: Design approval, production test sucess(NFC and scanner compatibility)
  • Associated Costs: NFC Design: 80,000 $APE; Scanners Design: 120,000 $APE
  • Personnel: Hardware Engineers, Production Team
  • Platforms Needed: CAD software, manufacturing facilities

Period 2: week 5 - 12

  • Milestones: Develop and test the app on Ape Chain, integrate NFC functionality
  • KPIs: Beta version release, successful testing
  • Associated Costs: Software Development and Testing: 192,000 $APE
  • Personnel: Software Developers, QA Testers
  • Platforms Needed: Ape Chain, development tools
  • Requests to APE Foundation: APE CHAIN ​​related technical support

Period 3: week 13 - 15

  • Milestones: Conduct user testing with selected participants, gather feedback; Real event test (side events during APE FEST are preferred)
  • KPIs: User satisfaction scores, bug reports
  • Associated Costs: User incentives and feedback collection - 19,200 $APE
  • Personnel: Test Coordinators
  • Platforms Needed: Survey tools, bug tracking software
  • Requests to APE Foundation: Allows NFT Event Check-in Solution to be used on side events or even main events

Period 4: week 16 - week 18

  • Milestones: Launch marketing campaigns, reach out to potential event organizers
  • KPIs: Event onboard, marketing reach metrics
  • Associated Costs: Product Promotion and Marketing: 19,200 $APE
  • Personnel: Marketing Team, Social Media Managers
  • Platforms Needed: Social media platforms
  • Requests to APE Foundation: Social media interaction

Week 18 will be fully implemented. After this, we will invite more NFT projects and other offline event organizers to use and purchase our solution, creating a culture and playstyle characteristic of Web3.

REPORTING EXPECTATIONS:

We will provide regular progress reports to the community to ensure transparency and keep stakeholders informed.

The reporting schedule is as follows: Monthly Updates

Frequency: Every Period

Content: Progress on milestones, financial updates, challenges faced, and next steps

Channels: ApeCoin community forums, project website, social media

Frequency: As needed

Content: Major milestones, urgent updates, significant changes

Channels: ApeCoin community forums, social media

We are committed to maintaining open communication and ensuring the community is always informed about the project’s status and progress.

OVERALL COST:

Total amount requested from the ApeCoin Ecosystem Fund = 480,000 $APE
The specific allocation is as follows:

  1. Hardware Design and Production (50% of the budget, 240,000 $APE):
  • NFC Chip Design and Production: 100,000 $APE
    • Design and Customization: 80,000 $APE
    • Production and Assembly: 20,000 $APE
  • NFC Scanner Development and Production: 120,000 $APE
    • Design and Development: 80,000 $APE
    • Production and Assembly: 40,000 $APE
  • Display Equipment: 20,000 $APE
  1. Software Development and Testing (40% of the budget, 192,000 $APE):
  • APP Development: 115,200 $APE
    • Front-end Development: 38,400 $APE
    • Back-end Development: 38,400 $APE
    • Blockchain Integration and Smart Contract Development: 38,400 $APE
  • Application Testing and Optimization: 48,000 $APE
    • Functional Testing: 19,200 $APE
    • Security Testing: 19,200 $APE
    • User Experience Optimization: 9,600 $APE
  • Entrance Animation Creation and Display Function: 28,800 $APE
    • Animation Design and Development: 19,200 $APE
    • Animation Display Technology Integration: 9,600 $APE
  1. User Testing, Promotion, and Launch (10% of the budget, 48,000 $APE):
  • User Testing and Feedback Collection: 19,200$APE
    • User Testing Planning and Execution: 9,600 $APE
    • User Feedback Collection and Analysis: 9,600 $APE
  • Product Promotion and Marketing: 19,200 $APE
    • Social Media Marketing: 9,600 $APE
    • Online and Offline Event Promotion: 9,600 $APE
  • Launch Preparation and Support: 9,600 $APE
    • Platform Launch Preparation: 4,800 $APE
    • Technical Support and Maintenance: 4,800 $APE

This detailed description of fund allocation will ensure the smooth development, testing, and promotion of both hardware and software products, guarantee the high quality and user satisfaction of the final product.

APECOIN REVENUE MODEL:

Single Instance Revenue Forecast

Item Quantity Unit Price ($APE) Total Revenue ($APE)
Hardware Sales - NFC Chips 10,000 5 50,000
Hardware Sales - NFC Scanners 50 1,000 50,000
Project Subscription - Check-in System (including Venue NFT issuance) 1 10,000 10,000
Project Subscription - “Unmanned Check-in” Model 1 10,000 + Total Revenue * 1% 10,000 + Total Revenue * 1%

Total Revenue: 120,000 $APE + Total Revenue * 1%

This table clearly outlines the revenue forecast for a single instance, providing a comprehensive view of the potential earnings from our proposed solution.

*50% from the revenue model will be returned to APECOIN DAO

NOTE:

  • Fees will be charged for the services provided by the check-in solution and “Unmanned check-in” model, and only $APE will be used for payment.
  • Offline merch stores adopting the “Unmanned check-in” model can only be paid with $APE.
  • NFC customization will be charged separately and paid for using $APE.
  • $APE will be consumed in the APP as Gas fee

By implementing this proposal, APECOIN will establish a robust check-in solution that benefits NFT holders, drives revenue growth, and expands its influence in the web3 space.

I’m interested in the tech application and the costs and revenue model seem reasonable.

A few questions:

  1. Can you elaborate more how this benefits ApeChain and ApeCoin? Where are the transactions occurring? How is ApeCoin involved in these “unmanned check-ins”?

  2. Can you provide a more detailed financial forecast, including revenue forecasts? If the DAO is expected to receive 50% of them, we need to understand the potential return of the 480k $APE investment.

  3. What problem in the ecosystem are you trying to solve? Said another way, who is the target customer for this product and what pain points do they currently have that this will address? Answering this will help us understand the probability of hitting any revenue forecasts.

4 Likes

Thank you for the questions. Before answering these questions, I want to clarify that this check-in solution originated from my experience at the Ape Fest. During the main event entrance process, everyone was waiting in line for security checks, which made me think about whether the characteristics of NFTs could be showcased during this process. I believe NFTs are not just a PFP for us but also a symbol of our identity in the crypto/web3 industry.

To address the first question, I believe this solution is a starting point for Ape Chain to open up a diversified market. This solution integrates all NFTs and even web3 events, meaning that when people participate in events like Token 2049, which are not NFT-themed, they can still showcase their NFTs to represent their participation in “non-traditional offline activities.” This adds more attributes to NFTs, especially BAYC/MAYC/other Yuga NFTs, beyond just being a PFP, garnering additional attention. We hope to channel this attention towards the Ape Chain ecosystem, making Ape Chain an essential part of all NFT projects. Additionally, as mentioned in the “Revenue Model,” all transactions within our app will be settled in $APE, including gas fees. This creates a consumption scenario for $APE, with 50% of the generated revenue returning to the APE COIN DAO. Transactions will occur within the app. Furthermore, $APE’s role in the “unmanned check-in” includes:

  1. Project parties selling peripheral products will need to pay a service fee in $APE to purchase NFC chips and use the “unmanned check-in.”
  2. Users will need to pay in $APE when purchasing products with NFC chips.

Regarding the second question, honestly, we are still refining our revenue forecast because NFC chips and scanners, to some extent, support customization by the project parties purchasing the service, which significantly impacts revenue. However, it is certain that with the initial promotion, more and more project parties will recognize our value, and revenue will increase accordingly! (We will try our best to complete the process before the upcoming APE FEST, which will bring more buzz and attention to the event.)

The third question is more complex. The core issue I want to address is that NFTs need more native web3 playability to break through and attract more user attention. From another perspective, all NFT projects and offline event organizers are our target customers. NFT projects can use this solution to expand their brand exposure and influence. NFT holders gain more interesting playability, and offline event organizers gain diversity in ticket distribution and sell peripherals.

3 Likes

Thanks. So as I understand it, fee subscriptions from clients, gas fees and merch sales all conducted in $APE will be the primary demand driver for ApeCoin. Is this accurate?

I do think having a high-mid-low forecast will help us all understand if the amount is a reasonable investment, so to the extent you can provide that if/when this proceeds to a full vote would be helpful.

Yes sir, you understood correctly. We are also making adjustments to the revenue forecast, and we will disclose this information to everyone during the formal voting stage.

1 Like

When it says “user testing” - what does it mean? How do you TEST users?

User Testing means that we will have some users test the product’s experience (including but not limited to the smoothness of NFC and scanner interaction, the experience of selecting entrance animations in the app, and the “unmanned check-in” model). This will help us obtain the most authentic user feedback to ensure that our final product provides the best user experience.

Can you break down how you plan to pay users and KYC to make sure they are from non conflicting with Foundation regions? Also the amount of users and time you based your amount on. Thank you.

Since we are developing a comprehensive solution, we will select our test users from several different identity groups: project parties with branding and promotion needs, organizers with offline event needs, and individual users. For each type of user, we will select a certain number of participants to ensure sufficient quantity while maintaining diversity among test users.

The specific number will vary based on our development progress, as users with real needs can provide the most authentic feedback. This data will also be synced in real time during the formal implementation.

Do you have the detailed cost break down yet and how each will cost?

If you’re asking about the User Testing part, I have listed it above:

User Testing and Feedback Collection: 19,200 APECOIN
User Testing Planning and Execution: 9,600 APECOIN
User Feedback Collection and Analysis: 9,600 APECOIN

Here is a preliminary estimate of our budget for this part. We will integrate this solution into several events, using real participants from offline activities to evaluate our work. Additionally, we will disclose this data in real-time moving forward.

Hi @notburger,

The community feedback period for your proposal would be ending in less than 24 hours.

  • If you’re content with the feedback received, your next steps are to finalize your proposal using the AIP Draft Template.

  • A moderator will reach out to the author to finalize the AIP Draft. Upon receipt of the final Draft, we will review and provide instructions on the next steps.

  • Are you ready to proceed to the next phase or do you wish to extend community discussion for another 7 days?

We look forward to hearing from you.

-@Facilitators

1 Like

This topic was automatically closed after 7 days. New replies are no longer allowed.

Hi @notburger,

Thank you for your ideas [and the ApeCoin DAO community for the insightful discussions].

A moderator will reach out to the author to finalize the AIP Draft using the appropriate template.

  • Once the AIP Draft is confirmed by the author and meets all DAO-approved guidelines, it will receive an AIP ID number and move forward for Draft Analysis Review.
  • @notburger please see your messages for the next steps.

Follow this Topic as further updates will be posted here in the comments. In accordance with DAO-approved guidelines, if the author does not respond within 30 days, the proposal will be automatically transferred to the Withdrawn category, and the author can re-submit the idea.

-@Facilitators

1 Like

Hi ApeCoin DAO Community,

The AIP Draft submitted is currently incomplete and feedback has been provided to the author.

Follow this Topic as further updates will be posted here in the comments.

Thank you,

-@Facilitators

Hi ApeCoin DAO Community,

@notburger has completed editing their AIP Idea to be their AIP Draft.

This proposal has been assigned the AIP ID Number 450.

Follow this Topic as further updates will be posted here in the comments.

Kind Regards,

-@Facilitators

1 Like