Hi all - thank you for the opportunity to discuss in public!
Post-Ekklesia vote, we are not able to modify the content of our proposal, and a key aspect of the long-term strategy could not be communicated to the DReps. Hence why we have been trying to reach out to DReps to clarify. I have provided a summary of our proposal’s key points
Exactly as Terminada’s says; NFTCDN is not a decentralised solution, today - but we want it to be. This is one of the options on our future roadmap. I have elaborated on this in the section titled “What happens after 18 months?” below.
What problem do we solve?
Displaying native assets on Cardano requires robust, scalable backend infrastructure that can query blockchain data, retrieve media via middleware, and handle challenges such as metadata errors, evolving standards, and protocol updates while maintaining performance, efficiency, and reliability.
While this is achievable at a small scale, to build a professional, scalable solution requires around 9 months of development effort (c. ~1,590 dev hours) and c. $100k of investment. NFTCDN solves this problem.
How do we solve it?
Our service simplifies the display of Cardano native assets by providing end-to-end infrastructure; including media fetching, optimization, metadata analysis, CDN delivery, protocol change management, and security protections - all the while supporting all major CNA standards and all multimedia file types - delivering high performance, and offering easy plug-and-play integration with direct 1-to-1 support.
If Cardano developers are too focused on building an infrastructure from scratch and then also maintaining it on a daily basis, they will never get around to building their own product. NFTCDN streamlines Cardano Native Assets display integration allowing developers to focus on the success of their core products.
What are we?
We are an Infrastructure-As-A-Service, providing API gateways for developers to fetch Cardano native asset multimedia content and metadata using a SaaS model ($/API call) to make costs predictable. We established our service in December-2022 and have served over 880 million API requests since launch.
We are currently being used actively by 14 Cardano projects (e.g. Eternl Wallet, Vespr Wallet, Tokeo Wallet), have had 9 former projects use us (either no longer in the ecosystem, or can not afford to use NFTCDN) and are engaged with a number of developers who would like to use NFTCDN for their new usecases.
What’s the real problem?
Only well-funded team have been able to integrate and retain use of NFTCDN to date. Low/Non-revenue generating projects, or non-profit projects cannot afford the cost of NFTCDN. Projects like pool-pm, adastat-net, cexplorer-io, eutxo-org, all wallets, etc, are community-good projects who will benefit from NFTCDN’s services being made free to use.
What’s the solution?
We propose funding NFTCDN to make it free for all Cardano developers for 18 months. The costs are to cover operational salaries ($60,000 x 2 per annum for two FTEs & $6,800 per month for infrastructure scale-up).
What happens after 18 months?
If our proposal passes, it will allow us to gather valuable data:
- Demand - i.e. number of users/projects who need/benefit from NFTCDN
- Volume - i.e. what size of infra is requrired
This would enable us to evidence how critical NFTCDN is as an infrastructure for Cardano developers and then bring forward to DReps 3 possible proposal choices for signalling:
- Make NFTCDN opensource; so that people can run their own (e.g. Blockfrost’s proposal in Catalyst F7 to opensource their solution)
- Make NFTCDN decentralised; so that no one entity is responsible for running it (e.g. Blockfrost’s Icebreaker program)
- Transfer NFTCDN to a non-profit organisation; so that the solution can be provided for low-cost (e.g. like Intersect’s ownership of GovTools)
Summary
Cardano needs a strategic infrastructure solution for native asset display integration - a significant feature of the Cardano blockchain. The three future pathways detailed require DRep signalling & support with meaningful data. Supporting our proposal today will enable delivery of a permanent free (or low-cost) native asset display capability for Cardano, lifting financial barriers and eliminating development complexity which is turning away developers today from the ecosystem - an incentive that does not exist in any other blockchain ecosystem today.
To DReps
We require your support. We hope this post elaborates on our value proposition and the long-term strategic roadmap we are embarking on to solve a real problem for Cardano developers today. Please do support us with your vote. If you have any questions, please do post here!
Thank you for taking the time to read our post, and for your consideration.
