NFTree

An eco-friendly alternative to cryptocurrency-backed NFTs, NFTree provides artists and other content creators a means of distributing original content without harming the environment.

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Inspiration

NFTs have been around in the art community for quite some time, and the environmental impacts have not gone unnoticed. While NFTs allow for artists to monetize their work in new and innovative ways, the resources it takes to sustain them outweigh the usefulness that they bring.

As the world proceeds into more dire times with the environment, we thought that bringing an alternative way to allow artists to monetize their own items would reduce the usage of NFTs, thus reduce the strain on the environment.

Policy Brief

https://bit.ly/3cz5MFz

What it does

NFTree offers a safe space for artists to auction off their creations by providing minting and auctioning services on a simple centralized platform. Unlike typical NFT minting, NFTree mints content using standardized UUID generation techniques, resulting in roughly a 30 billion time increase in energy efficiency.

How we built it

NFTree is built using Django, a Python-based free and open-source web framework. SQLite allows the user to login and auction off original artwork that can be traced back to them by storing individual auction characteristics in a database.

Challenges we ran into

Hosting anything is a challenge, and this time around was no different. Hosting was easily the most time-consuming challenge of this project.

Accomplishments that we're proud of

The creation of a fully-functional user database with custom fields, and a functioning auction board.

What we learned

We were able to learn a lot about the environmental impacts of NFTs and existing efforts to combat those impacts. Also, host your project at the beginning, not the end.

What's next for NFTree

We plan to expand the platform to become a feature-rich junction for large amounts of NFT trade.

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