Fewandfar – Pioneering NFT Marketplaces on NEAR Protocol

Client Overview Fewandfar is a leading NFT marketplace built on the NEAR Protocol, known for its innovative approach to supporting creators and brands through NFT collections. Fewandfar offers a unique NFT standard that facilitates collaboration between brands and creators, providing advanced royalty-sharing mechanisms via smart contracts.

Challenge Fewandfar needed a robust NFT marketplace solution that would not only facilitate the buying and selling of NFTs but also allow for more complex collaborations between creators and brands. They required a system that could handle collection royalties efficiently, allow for pre-launch presales, and ensure that data remained up-to-date and consistent with the NEAR blockchain. Additionally, Fewandfar wanted to enhance the overall user experience by ensuring that their platform was fast and reliable.

Solution Provided by BlocLabs BlocLabs partnered with Fewandfar to design and implement several key features to improve the platform’s functionality and user experience. These included:

1. NFT Standard for Collection Collaborator Royalties: BlocLabs helped implement a smart contract-based solution for Fewandfar’s NFT standard, enabling brands and creators to collaborate seamlessly. The royalty-sharing mechanism ensures that both parties receive their fair share of the revenue whenever an NFT from their collection is sold, automating this process on the blockchain and creating transparency for all stakeholders.

2. NFT Launchpad: BlocLabs built a full-featured NFT launchpad, allowing creators to launch their collections directly on Fewandfar. This launchpad supports presales, giving creators the ability to offer early access to their NFTs, and delivers NFTs seamlessly to buyers once the sale concludes. The launchpad empowers creators to manage their entire launch process from start to finish through Fewandfar.

3. Blockchain Indexer for Data Consistency: To ensure data integrity and speed up the platform’s performance, BlocLabs developed an indexer that keeps Fewandfar’s data synchronized with the NEAR blockchain. This indexer allows the platform to retrieve and display up-to-date NFT metadata and transaction history in real-time, enhancing the speed and reliability of the Dapp.

4. Optimized Dapp Performance: By building a high-performance backend with blockchain indexing, BlocLabs improved the overall speed of the Fewandfar platform. Users can now interact with the marketplace more smoothly, ensuring a better experience for creators, collectors, and brands.

Results Through the collaboration with BlocLabs, Fewandfar has become a leading NFT marketplace on NEAR Protocol, offering unique features that empower creators and brands alike. Key results include:

• Collaborative NFT Collections: Fewandfar’s smart contracts enable seamless royalty distribution between collaborators, fostering more partnerships between brands and creators.

• Streamlined NFT Launches: The launchpad makes it easy for creators to manage their NFT drops, with presales and automated delivery ensuring a smooth process.

• Faster, More Reliable Dapp: The blockchain indexer ensures that data is always up-to-date, significantly improving platform performance and the user experience.

Conclusion Fewandfar’s innovative approach to NFT royalties and collection launches, coupled with BlocLabs’ technical expertise, has positioned the platform as a key player in the NFT space. With an efficient and reliable system powered by NEAR Protocol, Fewandfar continues to push the boundaries of what’s possible in the world of decentralized marketplaces.