{"signature": "0xc3642bdf9f841564d76ec4d0a2ba43e21ee16896c71c537eb3d56c0b4039ee462730cd9f5bb2e91f67661ff36ec0e18df4bda9b7db390edbb4f683b1090774be1b", "application": {"round": "0xb91b59c91b09d127d269e53019f2420e8c2c7ce7", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "SZGEB8WQ1WIrsRF0w4OzTDWV8H6vSxGtoF/Fw4+ov0QCf/9qk82LRpAEhNT3Xcmh", "encryptedSymmetricKey": "07cc0c05992348f55b3a9f398bc5a234b69d77e847bec3deb025d144a9090e3ad82079b2da589e767e4a5c6f6ac7f5032795126f9748e6b4a0e455d93f0abe9029e17049a5ffea52e1596002e2754dbf9783d093549fc9f4c1173448710fa1b00aa9d16ae633ca81b4c165451260fd87943fd7a596e1a73516c7b01a61561fff0000000000000020256ed38325aebac1d1080e343330b20a814da8dd550679004d0003ae0cd9be1b5ff7ae05a6d48b83a9533d577d5c02a4"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/Fractise/Fractise", "hidden": true, "question": "Project GitHub Repo", "questionId": 2}, {"type": "short-answer", "hidden": true, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "short-answer", "hidden": true, "question": "Have you participated in a previous Gitcoin Grants Round? If so, please name the rounds or link the builder profile associated with previous rounds.", "questionId": 4}, {"type": "paragraph", "answer": "Fractise\u2019s Contribution to the Growth of the OSS Ecosystem:\n\nFractise is designed to be a fully open-source platform, empowering developers to build decentralized applications (dApps) around real-world asset tokenization, particularly in the real estate space. Our contribution to the OSS ecosystem focuses on accessibility, innovation, and financial inclusion.\n\n1. Providing Open-Source Smart Contract Libraries:\nFractise offers a library of modular, pre-audited smart contracts that developers can use to tokenize real estate assets and other real-world investments. These smart contracts will be available on our public GitHub repository, allowing developers to fork, modify, and build upon them to create innovative new dApps.\n\nExample: Developers can utilize Fractise's smart contract libraries to create their own decentralized platforms for fractional ownership of different types of assets (e.g., real estate, art, or intellectual property), which expands the Web3 ecosystem's use cases.\n2. Cross-Chain Interoperability and Layer 2 Solutions:\nFractise enhances the cross-chain interoperability of decentralized applications by developing open-source tools that allow dApps to interact with multiple blockchain ecosystems, such as Ethereum, Polygon, and Layer 2 solutions. This reduces the barriers for developers seeking to build scalable, interoperable applications.\n\nExample: A DeFi application developer could leverage Fractise's cross-chain tools to offer users the ability to transfer fractionalized assets across chains, improving liquidity and access to assets on different networks.\n3. Automated Legal Compliance Framework:\nOne of the biggest challenges for developers building dApps in tokenized real-world assets is regulatory compliance. Fractise provides an open-source legal compliance framework that simplifies KYC/AML processes and ensures that dApps meet jurisdictional regulations. By reducing the complexity of integrating legal compliance, Fractise accelerates innovation in this space.\n\nExample: Developers can use the compliance framework to easily meet regulatory standards for real-world asset tokenization, enabling faster dApp development and reducing legal risk.\n4. Improving Web3 Accessibility and Financial Inclusion:\nFractise\u2019s focus on fractional real estate ownership directly contributes to financial inclusion by lowering the entry barrier for individuals to invest in real estate. This opens up opportunities for people who might not have had access to traditional property investments. By making these tools open source, we enable other developers to build similar platforms that promote financial inclusion in other asset categories.\n\nExample: A developer could create a micro-investment platform that allows users to invest small amounts in tokenized real estate, which would be built on top of Fractise\u2019s existing infrastructure.\n5. Community-Driven Development and Collaboration:\nFractise embraces the open-source ethos by encouraging contributions from the developer community. We will actively maintain and collaborate with the community to improve the platform's security, scalability, and features through pull requests, feedback, and regular updates.\n\nExample: Developers are invited to contribute new modules, such as additional staking mechanisms or governance systems, which would enrich the Fractise ecosystem and expand its utility.\nFractise's open-source approach ensures that it not only enhances the OSS ecosystem by providing crucial tools for real-world asset tokenization but also fosters innovation and inclusivity across the Web3 landscape.", "hidden": true, "question": "How does your project contribute to the growth of the OSS ecosystem? Please provide specific examples of how your application enhances or expands the current ecosystem.", "questionId": 5}, {"type": "paragraph", "answer": "Fractise Features and Use Cases \u2013 What Makes It Different:\n\nFractise is a decentralized platform that enables fractional ownership of real estate assets, leveraging the power of blockchain to democratize access to property investment. It stands out due to its focus on real-world asset tokenization, interoperability, and accessibility for both crypto-native and non-crypto users. Below are the key features and use cases that differentiate Fractise:\n\n1. Fractional Real Estate Ownership:\nFeature: Fractise allows users to purchase fractional shares of tokenized real estate assets using blockchain technology. This lowers the barrier to entry for investing in high-value assets, making real estate accessible to a wider range of people, regardless of their investment capital.\nUse Case: A user can invest a small amount of capital (e.g., \u20b95,000) into a tokenized property, earning a proportional share of rental income or value appreciation without needing to purchase the entire property. This enables individuals to diversify their portfolio with real estate assets that were previously out of reach.\nDifferentiation: Unlike other platforms, Fractise\u2019s smart contracts automate property tokenization and ownership transfers, making the process trustless and transparent, which eliminates the need for traditional intermediaries like brokers and legal professionals.\n2. Automated Rental Yield and Staking Mechanism:\nFeature: Fractise integrates staking mechanisms that allow users to stake their fractional tokens and earn passive income through rental yield. Users are also rewarded for holding tokens over a long period, encouraging long-term investment in the real estate market.\nUse Case: A property investor can stake their Fractise tokens representing fractional ownership in a rental property. They will receive a portion of the rental income as passive earnings, in addition to any staking rewards generated by holding tokens over time.\nDifferentiation: Unlike many DeFi platforms that focus solely on financial assets, Fractise\u2019s staking mechanism is tied to real-world income (rental yield), offering more stability and predictability in returns compared to volatile cryptocurrency investments.\n3. Cross-Chain Interoperability:\nFeature: Fractise supports cross-chain interoperability, allowing users to buy and sell fractional real estate tokens across multiple blockchain ecosystems like Ethereum, Polygon, and other Layer 2 solutions. This provides greater flexibility and scalability for users and developers alike.\nUse Case: A user could purchase fractional real estate tokens on the Ethereum blockchain and then transfer or sell those tokens on Polygon to take advantage of lower gas fees or faster transaction speeds.\nDifferentiation: Many existing dApps are limited to a single blockchain environment, but Fractise is designed to be cross-chain, providing users with the flexibility to operate across multiple networks while maintaining the same high level of security and functionality.\n4. Fiat-to-Crypto Onboarding for Non-Crypto Users:\nFeature: Fractise integrates fiat gateways, allowing non-crypto users to buy fractional real estate tokens using traditional fiat currencies. This seamless on-ramp makes it easier for mainstream users to enter the world of decentralized real estate investing without needing to first acquire cryptocurrency.\nUse Case: A non-crypto-savvy individual can use their local currency (e.g., Indian Rupees) to purchase fractional shares in a property directly on the platform, without needing to go through the complexities of buying Ethereum or other tokens first.\nDifferentiation: While most blockchain platforms require users to already own cryptocurrency to participate, Fractise's integration with fiat gateways lowers the entry barrier for mainstream users, making decentralized real estate investment more accessible to the broader population.\n5. Automated Legal Compliance for Tokenized Real Estate:\nFeature: Fractise includes an automated legal compliance framework built into its smart contracts, ensuring that all transactions comply with jurisdictional regulations, KYC/AML requirements, and local real estate laws. This ensures a legally sound process for fractional ownership of real-world assets.\nUse Case: When a user buys fractional real estate tokens, the platform automatically verifies their identity through a KYC process, ensuring they meet legal requirements for investing in the asset. This provides regulatory assurance without manual intervention.\nDifferentiation: Many dApps struggle with legal and regulatory hurdles, especially when dealing with real-world assets. Fractise's automated compliance system streamlines this process, making it easier for developers and users to ensure legal conformity without sacrificing decentralization.\n6. Social Impact and Financial Inclusion:\nFeature: Fractise is designed to promote financial inclusion by allowing users to invest in real estate with small amounts of capital, traditionally not possible in the real estate market. By fractionalizing high-value assets, Fractise helps bridge the wealth gap and enables individuals from all financial backgrounds to participate in property investments.\nUse Case: A low-income individual can now invest in fractional ownership of high-value real estate, which traditionally would require significant upfront capital, thus participating in the wealth generated through real estate appreciation and rental income.\nDifferentiation: Fractise\u2019s focus on financial inclusion sets it apart from other dApps that cater primarily to crypto-natives or large-scale investors. By opening up access to real estate investments for people with lower incomes, Fractise contributes to social impact and broadens the utility of Web3 technology.\nThese features make Fractise unique in the dApp ecosystem, offering a powerful combination of real-world asset tokenization, user accessibility, legal compliance, and financial inclusion that few other platforms provide.\n\n", "hidden": true, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "Fractise's Future Development Plans and Grant Fund Allocation\n\nFractise is poised to evolve as a leading decentralized platform for tokenized real estate, with a focus on expanding our features, scaling to new markets, and continuously improving accessibility and security. The grant funds will play a crucial role in achieving these goals. Here\u2019s an outline of our future development roadmap and how the funds will be used:\n\nQ4 2024 \u2013 Enhanced User Experience and Fiat Integration\nMilestones:\n\nImprove User Interface (UI) and User Experience (UX): Our goal is to make Fractise intuitive for both crypto-native and non-crypto users by refining the platform\u2019s UI/UX, making it easier for users to navigate, invest in fractional real estate, and manage their portfolios.\nFiat Integration: Launch seamless fiat-to-crypto on-ramps, enabling users to purchase fractional real estate tokens with traditional currencies like Indian Rupees, USD, etc. This will make Fractise more accessible to non-crypto users.\nGrant Funds Usage:\n\nUI/UX Development (20% of the grant): Funds will be allocated to hiring UI/UX designers and developers to ensure the platform is user-friendly and accessible to a broad audience.\nFiat Gateway Integration (15% of the grant): The grant will be used to build partnerships with payment gateway providers and integrate fiat-to-crypto conversion systems, lowering the barrier to entry for users unfamiliar with cryptocurrencies.\nQ1 2025 \u2013 Cross-Chain Expansion and Interoperability Tools\nMilestones:\n\nLaunch Cross-Chain Interoperability: Enable cross-chain functionality to allow users to transfer fractional real estate tokens between Ethereum, Polygon, and other Layer 2 solutions. This will ensure that Fractise remains scalable and cost-efficient for users across multiple blockchain ecosystems.\nOpen Source Developer SDKs: Release Software Development Kits (SDKs) to empower developers to build on top of the Fractise platform. This will encourage ecosystem growth and further innovation by allowing third-party dApps to integrate with Fractise\u2019s tokenization infrastructure.\nGrant Funds Usage:\n\nCross-Chain Development (25% of the grant): Funds will be used to build out the cross-chain interoperability features, including the development of bridges and testing the security of cross-chain transactions.\nSDK Development (15% of the grant): A portion of the grant will be allocated to creating and documenting SDKs for developers, allowing for easy integration with Fractise\u2019s smart contracts and APIs.\nQ2 2025 \u2013 Automated Legal Compliance and Smart Contract Enhancements\nMilestones:\n\nAutomated Legal Compliance Tools: Launch automated KYC/AML compliance tools for real estate tokenization. These tools will streamline the onboarding process for users and ensure that all investments comply with jurisdictional regulations without manual intervention.\nSmart Contract Upgrades: Further enhance the security and scalability of our smart contracts, adding features for dynamic tokenization, secondary market transactions, and staking mechanisms for additional passive income opportunities.\nGrant Funds Usage:\n\nLegal Compliance Tools Development (20% of the grant): Grant funds will be used to develop and integrate automated KYC/AML systems into the platform, ensuring that Fractise remains compliant with international legal standards for tokenized assets.\nSmart Contract Audits and Upgrades (15% of the grant): The grant will be used to improve and audit the smart contracts, ensuring that they are secure, efficient, and scalable as the platform grows.\nQ3 2025 \u2013 Community Growth, Partnerships, and Education\nMilestones:\n\nDeveloper and User Education: Launch an educational initiative aimed at teaching developers how to build dApps on Fractise and educating users on how to invest in tokenized real estate safely. This will include webinars, tutorials, and community events.\nPartnerships with Real Estate Firms: Expand partnerships with real estate firms and property managers to onboard more tokenized assets onto the platform, providing users with a diverse range of investment options.\nGrant Funds Usage:\n\nEducational Content and Community Building (10% of the grant): Funds will be used to create tutorials, webinars, and other educational materials that help both developers and users understand how to leverage Fractise\u2019s platform.\nPartnership Outreach (5% of the grant): Funds will also be allocated toward building partnerships with real estate firms and industry leaders to increase the availability of tokenized real estate assets on the platform.\nSummary of Grant Fund Allocation:\nUI/UX Development: 20%\nFiat Gateway Integration: 15%\nCross-Chain Development: 25%\nSDK Development: 15%\nLegal Compliance Tools Development: 20%\nSmart Contract Audits and Upgrades: 15%\nEducational Content and Community Building: 10%\nPartnership Outreach: 5%\nBy following this roadmap and utilizing the grant funds strategically, Fractise will enhance its platform, expand developer tools, ensure regulatory compliance, and continue building a decentralized real estate marketplace that promotes financial inclusion and user accessibility.", "hidden": true, "question": "What are your plans for further development, and how will the grant funds be used to achieve these goals?", "questionId": 7}, {"type": "paragraph", "hidden": true, "question": "For any project deploying smart contracts on blockchain networks, please list all your deployer addresses and their corresponding blockchain networks. Use this format for each entry: [deployer_address], [chain_id]\u2014for example, 0x123abc..., 42161 (This represents a deployer address on the Arbitrum network). Please include a separate line for each unique deployer address and blockchain combination.", "questionId": 8}], "project": {"id": "0xc16ecbc4a46ddf87ac7f7c1ae48382b38afe542f436d314fc6fdfa5a3b33a07a", "title": "Fractise : Tokenized Real Estate Fractional Investment", "logoImg": "bafkreib2fzsht3utxiff33yc3flswk6ak45wpqclt6lrcig2rptg66lgte", "metaPtr": {"pointer": "bafkreic2pc42t5riadmftny7tzuhfekxgifcqulwrmlvzevja7fyq75pkm", "protocol": "undefined"}, "website": "https://fractise.com", "createdAt": 1727185310626, "userGithub": "Fractise", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..LfNtjNGxBmogEmOLggOxNC-GwmCveXY3uhDgMXeFM0KSvCuk5VwBap_sqqrNtaDNDhl9EerLmJXuRAQHyhVVBA", "type": "Ed25519Signature2018", "created": "2024-10-14T15:42:03.941Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-10-14T15:42:03.940Z", "expirationDate": "2025-01-12T15:42:03.940Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xb4C8e8A0ad3B24B74281dC8c22875C871ddb403A", "hash": "v0.0.0:BmAMQ+oj+pAAjOYTt/RUSbtDLVe6Pv2kORYCaGxPKpY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#fractise-offical#184967247"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..8BMdIMjpctCSttGvd1ipTy20GzkmS4_UJ6YHBioTAYTwCNyBve6-8EAntwSh2997gs-o9pxqO1vNX3_eBCWsCw", "type": "Ed25519Signature2018", "created": "2024-09-24T13:36:35.291Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-09-24T13:36:35.291Z", "expirationDate": "2024-12-23T13:36:35.291Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xb4C8e8A0ad3B24B74281dC8c22875C871ddb403A", "hash": "v0.0.0:eYwp+tSll6xvskpFfYYJLi+eXSEz0DEN1paJMbmRyIE=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#FractiseApp"}}}, "description": "Fractise: Revolutionizing Real Estate Investment through Blockchain.\n\nFractise is a decentralized platform that democratizes real estate investment by enabling fractional ownership of property assets through blockchain technology. By tokenizing real estate into smaller, affordable fractions, Fractise allows anyone to invest in prime properties, regardless of their financial capacity, breaking the traditional barriers of high capital requirements in real estate.\n\nAt the core of Fractise is its integration with Farcaster Frames and Polygon PoS blockchain. This integration enables seamless, secure, and low-cost onchain transactions directly from users' social feeds, making property investment as simple as interacting with a social media post. Investors can purchase fractional shares of real estate, stake their tokens for passive income from rental yields, and participate in property management through a decentralized platform, all while benefiting from the speed and efficiency of the Polygon network.\n\nKey Features:\n\n1. Fractional Ownership: Real estate is tokenized, allowing investors to buy fractions of properties with ease, lowering the barrier to entry for property investment.\n\n2. Blockchain Transparency: All transactions are secured and recorded on the blockchain, ensuring transparency, immutability, and trust.\n\n3. Seamless Transactions with Farcaster Frames: Fractise leverages Farcaster Frames to offer a smooth, interactive experience where users can invest, stake, and manage their holdings directly from a decentralized social feed.\n\n4. Polygon PoS Integration: Low transaction fees and fast processing times make it easy for users to conduct onchain real estate transactions.\n\n5.Community-Driven Engagement: Fractise fosters a strong community by offering rewards for long-term holding, staking, and participation in platform activities, driving user engagement and adoption.\n\n\nBy bridging the gap between traditional real estate and the blockchain world, Fractise aims to create an inclusive investment environment where anyone can build wealth through fractional property ownership.\n\n", "lastUpdated": 0, "projectGithub": "fractise-offical", "projectTwitter": "fractiseapp"}, "recipient": "0xb4C8e8A0ad3B24B74281dC8c22875C871ddb403A"}}