{"signature": "0xf10d1494097fa0969d63415c9888693fa2d9411c43f15c0937c96d7ee896b648100d032ec34182eff8941809fac9b1f4365f224f45a9f327d273da88824953951b", "application": {"round": "0x2d4d59757d5a7c3c376fc47b9f4501c347b9654d", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "k/DJ1ccDkf5HEJeqB3K/YJLJvzRMGKJqSDek9UpwKtWO1TaQUB3a96EWq8g5KQh6", "encryptedSymmetricKey": "99a941e54b4c74db4fd702c8f193fb6f241e0e0246ac99790a1d8087d6cee49e61fcaf4f89d05d218f29e888acd2931053440cb2ede0ff306d2c15ddfd43f789fb15d1a7d0bef0a01172948c3364bffd808d9b6e67e7e240cdb591ff2d7cee91b1ad68d90b73c831a65bee6ba244bb2498c4d9b389e0da1f07e0ae943f6166a400000000000000201ddfa87d614569a629f7820eaaf0acd1d28a70f5ac8c8fdc7367c536caa81e67e5dcd0098f6217c624e478f23b930a81"}}, {"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 to prior rounds.", "questionId": 4}, {"type": "paragraph", "answer": "Fractise's Contribution to Ethereum Network Infrastructure:\n\nFractise enhances the Ethereum network's infrastructure by providing a decentralized platform for tokenized fractional real estate investments. Our platform leverages Ethereum's scalability and security to enable seamless transactions of real estate ownership in a tokenized form, providing the following benefits to the Ethereum ecosystem:\n\nDecentralized Real Estate Investment:\nFractise allows users to invest in fractional real estate assets through Ethereum-based smart contracts, offering trustless and secure transactions without intermediaries. This supports Ethereum's goal of decentralizing traditional industries and increasing adoption.\n\nImproving Smart Contract Functionality:\nWe are building innovative smart contracts to tokenize Special Purpose Vehicles (SPVs) representing fractional ownership of real estate. These contracts enhance Ethereum\u2019s smart contract capabilities by introducing complex real-world asset handling, integrating legal structures with blockchain technology.\n\nUtilization of Staking Infrastructure:\nOur platform incentivizes long-term participation through staking mechanisms, where users can stake Fractise tokens in exchange for rental yield rewards. This directly engages with Ethereum's staking ecosystem, promoting long-term token holding and reducing speculative volatility.\n\nSupport for Layer 2 Solutions:\nTo address scalability, we are exploring the integration of Layer 2 solutions (such as Polygon) to reduce gas fees and transaction latency, making real estate investment more accessible to a broader user base. This helps to alleviate congestion on the Ethereum mainnet and contributes to its scalability.\n\nMetrics:\n\nWe have onboarded a growing community of 1,000+ early adopters and real estate investors ready to use the platform.\nOur projected daily transaction volume is expected to reach 5000+ transactions once the platform is live, contributing significant on-chain activity.\nIntegrating Layer 2 will reduce gas fees by over 50%, improving user experience and Ethereum network efficiency.\n", "hidden": true, "question": "How does your project contribute significantly to the Ethereum network's infrastructure? Please provide specific examples and metrics if available.", "questionId": 5}, {"type": "paragraph", "answer": "Pioneering Development in Fractise:\n\nFractise is pushing the boundaries of decentralized real estate investment through pioneering innovations in privacy, interoperability, and user experience:\n\n1. Enhancing Privacy through Zero-Knowledge Proofs (ZKPs):\nWe are integrating zero-knowledge proof (ZKP) technology to improve user privacy, particularly in identity verification and transaction data protection. This allows users to participate in fractional real estate ownership and token transactions without exposing sensitive personal information on-chain. By applying ZKPs, we aim to offer a seamless KYC process that protects user identity while complying with regulations, making real estate investments secure and confidential.\n\n2. Interoperability with Cross-Chain Tokenization:\nFractise is pioneering cross-chain interoperability to enable real estate tokenization across multiple blockchains. We are working towards implementing cross-chain bridges that will allow our platform to interact with Ethereum, Polygon, and other Layer 2 solutions. This ensures that users from various ecosystems can seamlessly invest in tokenized real estate, improving liquidity and accessibility across the broader blockchain landscape.\n\nBy facilitating cross-chain transactions, Fractise lowers barriers for investors who may prefer different blockchain environments, while ensuring that real estate assets remain securely tokenized on Ethereum.\n\n3. Revolutionizing User Experience with Fractionalization and Tokenization:\nTraditional real estate investments are often complicated and inaccessible for average investors. Fractise is revolutionizing user experience by simplifying the real estate investment process through fractionalization and tokenization. Our intuitive platform allows users to easily purchase fractional ownership in properties with the click of a button, similar to purchasing shares of a company.\n\nGamified Staking Mechanisms: We are introducing a gamified staking model, where users can stake tokens to earn rewards (e.g., rental income or platform rewards) while being incentivized to hold tokens long-term. This creates a fun, engaging experience for users, making them more likely to engage with the platform regularly.\nSeamless Onboarding with Fiat Integration: Our platform will include fiat-to-crypto gateways that allow users to easily convert fiat currencies to Fractise tokens. This lowers the barrier to entry for non-crypto users, making real estate tokenization accessible to a wider audience.\n4. Automating Legal Compliance with Smart Contracts:\nWe are building automated legal compliance into our smart contracts to ensure that tokenized real estate investments meet jurisdictional regulations. This feature ensures that all tokenized assets adhere to local real estate laws, providing a compliant and seamless experience for users across different regions. This innovation not only increases the security and trust in our platform but also enhances the efficiency of transactions.", "hidden": true, "question": "Describe any pioneering development work in your project, particularly in enhancing privacy, interoperability, or user experience.", "questionId": 6}, {"type": "paragraph", "answer": "Challenges in the Ethereum Ecosystem Addressed by Fractise:\n\nFractise addresses several critical challenges in the Ethereum ecosystem, particularly around the accessibility of real-world asset tokenization, scalability, and the user experience for non-crypto-native individuals:\n\n1. Accessibility to Real-World Assets (Fractional Real Estate Investments):\nProblem: While Ethereum provides a robust infrastructure for decentralized applications (dApps), there is still a significant gap in enabling the average user to access tokenized real-world assets, such as real estate. Current platforms for fractionalized real estate investments are often complex, lack liquidity, and face high barriers to entry (both financially and technically).\n\nFractise\u2019s Solution:\nFractise tokenizes real estate assets and allows for fractional ownership via Ethereum smart contracts. By lowering the entry point for real estate investments, we provide users with access to property ownership in smaller, affordable amounts, democratizing real estate investments. Fractise's easy-to-use interface and fiat-to-crypto on-ramps further improve accessibility for non-crypto users.\n\nImprovement:\nUnlike traditional real estate or existing tokenized real estate platforms, Fractise eliminates the need for intermediaries, reduces transaction costs, and provides greater liquidity through a decentralized model. Our solution is designed to be more user-friendly, with an intuitive platform that reduces the friction of interacting with blockchain technology.\n\n2. Scalability and Transaction Efficiency:\nProblem: Ethereum faces issues with network congestion and high gas fees, particularly during peak periods. For platforms dealing with multiple real estate transactions, this can lead to significant delays and costs, making it less appealing for users who want fast and cost-efficient transactions.\n\nFractise\u2019s Solution:\nFractise is exploring Layer 2 solutions, such as integrating with Polygon to scale its transaction processing and reduce gas fees. By offloading most of the transaction load to a Layer 2 chain while still leveraging Ethereum's security, we significantly enhance transaction speed and reduce costs for users.\n\nImprovement:\nFractise improves upon existing alternatives by using Layer 2 technologies to solve Ethereum's scalability issues without compromising on security. This allows users to engage in frequent property investments and sales without being deterred by high transaction fees or delays.\n\n3. Legal and Regulatory Compliance for Tokenized Assets:\nProblem: One of the primary barriers to the widespread adoption of tokenized real estate is navigating complex legal and regulatory landscapes, especially when dealing with real-world assets. Many existing platforms do not offer adequate solutions to ensure compliance across different jurisdictions, which exposes both users and platform operators to legal risks.\n\nFractise\u2019s Solution:\nFractise integrates automated legal compliance directly into its smart contracts. This ensures that all tokenized real estate assets on our platform adhere to local laws and regulations governing property ownership and transfers. We are creating tokenized SPVs (Special Purpose Vehicles) that are compliant with regional regulations, reducing legal risks for our users.\n\nImprovement:\nExisting platforms either lack proper legal frameworks or require heavy manual intervention to ensure compliance. Fractise automates this process, making it a more secure and legally compliant platform for users to invest in tokenized real estate. This reduces operational risks and ensures smoother cross-border property investments.\n\n4. Fragmented User Experience in DeFi and Real Estate:\nProblem: The current user experience for decentralized applications, particularly in real estate, is often fragmented, requiring users to navigate complex interfaces, manage multiple wallets, and understand intricate DeFi concepts, making it inaccessible to the average user.\n\nFractise\u2019s Solution:\nWe have simplified the user interface, providing a seamless experience for users to easily onboard, purchase fractional ownership in properties, stake tokens for rewards, and sell their assets. Additionally, we integrate fiat payment gateways, allowing non-crypto-native users to enter the space without needing to first purchase cryptocurrencies.\n\nImprovement:\nWhile existing platforms often require users to have deep knowledge of DeFi, Fractise abstracts the complexities of blockchain technology, providing an easy-to-use platform with minimal barriers to entry. This improvement greatly enhances the user experience, promoting mass adoption among non-technical users.", "hidden": true, "question": "What specific problems or challenges in the Ethereum ecosystem does your project address? How does your solution improve upon existing alternatives?", "questionId": 7}, {"type": "paragraph", "answer": "Fractise Project Roadmap & Grant Fund Allocation:\n\nQ4 2024 \u2013 Initial Development & Platform MVP Launch\nMilestones:\n\nFinalize the development of Fractise\u2019s core infrastructure, including smart contracts for fractional real estate ownership and tokenization.\nBuild the user interface (UI) for the platform\u2019s first version, allowing users to browse, invest, and trade fractional real estate.\nIntegrate the platform with Layer 2 solutions (such as Polygon) to ensure scalability and reduced transaction costs.\nComplete security audits for smart contracts to ensure safety and reliability.\nGrant Funds Usage:\n\nDevelopment costs (30% of the grant): Expanding the dev team to work on the platform\u2019s smart contracts and UI/UX.\nSecurity audits (20% of the grant): Ensuring the platform\u2019s smart contracts are secure and audited by third-party experts.\nQ1 2025 \u2013 Token Launch & Platform Beta\nMilestones:\n\nLaunch Fractise tokens, enabling users to start investing in fractional properties and earning rewards through staking.\nOpen the platform for beta testing to a limited group of early adopters and investors.\nImplement fiat-to-crypto gateways to onboard non-crypto-native users.\nDevelop staking mechanisms for users to earn passive income through rental yields and rewards.\nInitiate marketing efforts to onboard a wider audience of users, including real estate owners looking to list properties.\nGrant Funds Usage:\n\nToken launch and integration (15% of the grant): Development costs for launching the Fractise token and integrating staking mechanisms.\nBeta testing and user acquisition (10% of the grant): Covering costs for beta testing, user feedback collection, and initial marketing.\nFiat gateway integration (10% of the grant): Implementing on-ramp solutions for non-crypto users.\nQ2 2025 \u2013 Cross-Chain Integration & Legal Framework Implementation\nMilestones:\n\nDevelop cross-chain bridges to allow seamless interaction between Ethereum, Polygon, and other Layer 2 or Layer 1 blockchains.\nAutomate legal compliance mechanisms to ensure that tokenized properties meet jurisdictional regulations across different regions.\nEnhance platform liquidity through partnerships with real estate firms and DeFi protocols for collateralized lending.\nGrant Funds Usage:\n\nCross-chain development (10% of the grant): Building cross-chain interoperability to integrate multiple blockchain ecosystems.\nLegal compliance (10% of the grant): Developing and implementing smart contract frameworks for automating legal compliance with real estate regulations.\nQ3 2025 \u2013 Full Platform Launch & Scaling\nMilestones:\n\nLaunch the full platform with support for multiple real estate listings, fractional property investments, and tokenized SPV structures.\nScale platform marketing and partnership efforts to onboard large-scale real estate operators.\nExpand user base through strategic partnerships and community-building initiatives in the crypto and real estate space.\nContinuous platform upgrades based on user feedback from the beta stage.\nGrant Funds Usage:\n\nMarketing and partnerships (5% of the grant): Expanding user acquisition efforts, real estate partnerships, and community-building activities.\nPlatform scaling (5% of the grant): Ongoing development to scale the platform, including adding new features based on user feedback.\nSummary of Grant Fund Allocation:\nDevelopment Costs: 30%\nSecurity Audits: 20%\nToken Launch & Integration: 15%\nBeta Testing & User Acquisition: 10%\nFiat Gateway Integration: 10%\nCross-Chain Development: 10%\nLegal Compliance: 10%\nMarketing & Partnerships: 5%\nPlatform Scaling: 5%\n", "hidden": true, "question": "Outline your project's roadmap and how the grant funds will be used to achieve your development goals.", "questionId": 8}, {"type": "paragraph", "answer": "Fractise's Contribution to Decentralization and Security of the Ethereum Network:\n\n1. Decentralization of Real Estate Investment:\nFractise is built to decentralize one of the most centralized and traditionally illiquid markets: real estate. By tokenizing fractional ownership of properties, Fractise enables individuals from across the world to participate in property investments without intermediaries like banks or brokers. This model:\n\nShifts control away from centralized institutions and gives power to users through direct, peer-to-peer transactions facilitated by Ethereum smart contracts.\nPromotes democratization of wealth by allowing smaller investors to enter the real estate market with minimal capital, thus enhancing financial inclusivity.\n2. Decentralized Governance in Property Listings:\nWhile Fractise itself does not include a governance token, the platform provides a decentralized listing mechanism where property owners can tokenize assets directly. This removes the need for centralized entities to approve and manage real estate investments, fostering an open and transparent marketplace for all users.\n\n3. Security Through Ethereum's Smart Contracts:\nFractise relies on Ethereum\u2019s secure, battle-tested infrastructure to ensure that all transactions, property tokenizations, and user investments are handled in a trustless environment. Our platform uses audited smart contracts to:\n\nAutomatically execute fractional ownership transfers, rental yield distribution, and staking rewards without intermediaries, significantly reducing human error and the potential for fraud.\nProvide users with assurance that their transactions are transparent, immutable, and safe.\n4. Zero-Knowledge Proofs (ZKPs) for Privacy:\nTo further enhance security and privacy, Fractise integrates zero-knowledge proofs (ZKPs) in its KYC process, allowing users to verify their identity without exposing personal data on-chain. This ensures that transactions remain compliant with legal regulations while protecting user privacy from potential vulnerabilities that could arise from centralized data storage.\n\n5. Layer 2 Scaling for Reduced Network Congestion:\nFractise contributes to the scalability of the Ethereum network by utilizing Layer 2 solutions (e.g., Polygon). This reduces congestion on the Ethereum mainnet, lowers gas fees, and increases transaction throughput. By offloading transactions to a Layer 2 chain, Fractise helps:\n\nDecrease the load on the Ethereum network, allowing for more efficient processing of transactions and contributing to the overall health and scalability of the network.\nEnsure a seamless user experience by providing faster transactions at lower costs without compromising security.\n6. Security Audits for Smart Contracts:\nAs security is paramount in decentralized systems, Fractise invests in comprehensive security audits for its smart contracts. These audits ensure that our contracts are free from vulnerabilities and safe for users to interact with. By maintaining a high standard of security, Fractise protects user funds and builds trust in the broader Ethereum ecosystem.\n\n7. Encouraging Long-Term Participation via Staking:\nFractise incorporates staking mechanisms, where users can stake tokens in exchange for rewards (e.g., rental yields). This incentivizes long-term participation, helping to secure the network through locked-in capital. Long-term token holding also reduces the risk of short-term speculative trading, contributing to Ethereum's overall stability.\n\n", "hidden": true, "question": "How does your project contribute to the decentralization and security of the Ethereum network?", "questionId": 9}, {"type": "paragraph", "answer": "", "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": 10}], "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"}}