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Web3 Checkout Contracts #272

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META-DREAMER opened this issue Jul 10, 2023 · 0 comments
Open

Web3 Checkout Contracts #272

META-DREAMER opened this issue Jul 10, 2023 · 0 comments

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@META-DREAMER
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META-DREAMER commented Jul 10, 2023

Contract for managing sale, redemption and revenue split for on-chain product drops.

this can be an extension / built on top of the current NFT wearable contracts we have with Manifold CreatorCore

spec:

  • allow purchase of product in either ETH, a certain token, or stablecoins

  • Allow creating / linking a 0xsplits contract to manage the list of collaborators and their % share of revenue. NFT sales revenue should be forwarded to this contract

  • Allow for anyone to "fund" the drop, which would secure them a fixed % of the revenue split once sale goes live, incentivizing people to front the money for drops they have conviction in.

  • 0xsplits contract should allow for fixed production costs to be paid off first to the Funder before splitting the profits to the collaborators (this is a feature native to 0xsplits)

Default split (tentative): 10% to MetaFactory DAO, 10% to funder, 20% to Dev Team, 20% for client, 40% to production / drop team.

Nice to have / future functionality to consider:

  • allow for refundable preorders at a discount before the sale goes live. Preorder just keeps the users funds in the contract, but doesn’t mint a NFT or split the revenue (essentially staking). Once sale goes live, users who preordered can mint for “free”, which then transfers the preorder funds to the 0xsplit.
  • integrate ERS (Ethereum reality service) to link products to a set of HaLo chips. when the product is produced, each chip is semi-fungible with any tokenID.
  • integrate with curation game, allowing a % of sales revenue to go to curators.
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