Overview
MyMetaFi is a revolutionary web application that enables collective investment in the NFT and digital asset space. Users can join collectives, contribute funds towards shared goals, and participate in democratic decision-making for asset purchases. Once a collective reaches its funding goal, members can vote on proposals to purchase NFTs from OpenSea or other marketplaces. When assets are sold, profits are automatically distributed among collective members based on their contribution percentages.
Key Features
- Collective Funding: Users can create or join collectives and contribute funds towards shared investment goals
- Proposal-Based Governance: Democratic voting system for asset purchase decisions and other collective actions
- NFT Integration: Seamless integration with OpenSea and other NFT marketplaces for asset purchases
- Automated Profit Distribution: Smart contract-based profit sharing based on individual contribution percentages
- Custom Proposals: Support for various proposal types beyond NFT purchases
- Transparent Transactions: All collective activities and fund movements are recorded on the blockchain
- User-Friendly Interface: Intuitive web interface for managing collectives and participating in governance
Technologies Used
- Solidity for smart contract development and automated profit distribution
- Ethereum blockchain for decentralized governance and fund management
- OpenSea API for NFT marketplace integration
- React and TypeScript for the frontend web application
- Ethers.js for blockchain interaction and wallet connectivity
- IPFS for decentralized storage of collective metadata and proposals
Motivation
MyMetaFi addresses the growing need for accessible and democratic investment opportunities in the NFT space. By enabling collective ownership and governance, the platform lowers barriers to entry for individual investors while providing the benefits of shared decision-making and risk distribution. The automated profit distribution system ensures fair and transparent returns, while the proposal-based governance model empowers users to actively participate in investment decisions.
The platform democratizes access to high-value NFTs and digital assets that might be out of reach for individual investors, while also fostering community-driven investment strategies and collective learning in the rapidly evolving digital asset ecosystem.