{"signature": "0xdb4321f17e9c1e15b906ce1d6070cc8eb322246f4098840ea28fd0beda3912fa1f168d84bce661cce0297cbf7eee2034825cdb7b189d025d4e3d42cc4cbee4281c", "application": {"round": "0xdd906d46876ec8a10e4cf80fb5c4992091e87e46", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "hz7LKvmrRf/x/am8ZgdZLp1X8wab6KQn54Bro2uduGn3PdjMrmUpFI72riUt7H8d", "encryptedSymmetricKey": "e8690a34c685ffd25543e7ccb326d8833eec884562d29407a2e39f7d85612754a7c2147ebab84cc4dcee042fa13c5708f8a3301001be781b35cda4358218ddd9a69268383ffd06eec25b44774b0d511ff03661afed83b71120bc79037aaa5da9ea1267dc4e55557a67f6be78ceba44d45543d83b794044df82efbb341217871d00000000000000200db27a582c08c11fed12dabd6e83a8c014a3755c604a15429000e9a3b59aae3e703934dcc02566a7720dda87ad61a9ab"}}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm the Payment Wallet you have provided is on Polygon PoS and can accept MATIC", "questionId": 1}, {"type": "paragraph", "answer": "Fractise\u2019s Consumer-Centric Approach and Innovative Use of Farcaster Frames\n\nAt its core, Fractise is designed with a focus on user accessibility, transparency, and seamless interaction. Our consumer-centric approach revolves around making real estate investment as simple and engaging as possible for everyone, regardless of their financial background or technical knowledge. Here\u2019s how we achieve this:\n\nConsumer-Centric Approach\n\n1. Accessibility and Affordability: Traditional real estate investment often requires significant capital, which can be a barrier for most people. Fractise breaks this barrier by enabling fractional ownership of real estate through blockchain, allowing users to invest in property assets with smaller amounts of capital. This opens the door to a much broader audience, including those who have historically been excluded from property investment.\n\n2. User-Friendly Interface: We understand that users want a seamless, intuitive experience. By leveraging Farcaster Frames, we integrate real estate investment into decentralized social feeds. This means that users can view, purchase, and manage their fractional property investments directly within the Farcaster social ecosystem, removing the need for complex navigation or multiple platforms.\n\n3. Engagement through Staking and Rewards: Fractise also incorporates staking features, where users can stake their tokens to earn passive income from rental yields. This feature is not only easy to use but is also incentivized through a rewards system, encouraging long-term participation and user retention. The simplicity of staking within Farcaster Frames enhances the user experience by allowing them to manage their investments and earnings seamlessly.\n\nInnovative Use of Farcaster Frames\n\n1. Interactive Property Investment: Farcaster Frames allows us to turn real estate investments into an interactive experience within social media feeds. Users can explore property listings, view fractional shares available for purchase, and complete transactions directly within a post (or \u201ccast\u201d) on Farcaster. This reduces friction, making the investment process feel as simple as interacting with a social media update, driving higher engagement.\n\n2. Real-Time Updates and Property Management: Through Frames, users can receive real-time updates about their fractional investments, property performance, and any new investment opportunities. These updates are displayed within their decentralized social feeds, giving them a transparent and dynamic view of their assets.\n\n3. Seamless Onchain Transactions via Polygon PoS: Farcaster Frames, combined with the Polygon PoS blockchain, enables low-cost and efficient onchain transactions. Users can buy and sell fractions of properties or stake their tokens for rewards in real-time, without leaving the platform. This reduces the complexity of blockchain interactions, making it feel more like a Web2 experience, but with all the benefits of Web3 technology.\n\n4. Community-Driven Engagement: Fractise fosters a sense of community by offering community-driven tokens, incentivizing referrals, and participation in platform activities. The Farcaster Frames integration allows us to embed polls, voting mechanisms, and community discussions, where users can collectively influence the platform\u2019s direction or vote on new property listings.\n\nConclusion\n\nBy integrating Farcaster Frames into Fractise, we transform the real estate investment experience into something far more engaging, accessible, and transparent. Our consumer-centric approach is grounded in simplicity, allowing users to interact with high-value assets like real estate in the same way they interact with content on social media. The combination of fractional ownership, real-time updates, and a decentralized social feed creates a seamless experience that will drive user adoption and redefine how people invest in real estate.", "hidden": true, "question": "Explain your project's consumer-centric approach and how it innovatively uses Farcaster Frames to enhance user experience", "questionId": 2}, {"type": "paragraph", "answer": "Fractise leverages Farcaster Frames to uniquely solve the problem of accessibility in real estate investment, which has traditionally been limited to high-net-worth individuals due to high entry costs. Our approach creates a new opportunity for everyday investors to access fractional ownership in real estate directly from their social media feeds.\n\n1. Seamless Property Investments within Social Feeds\n\nTypically, real estate investment involves complex processes, multiple platforms, and intermediaries. Fractise solves this problem by embedding the entire investment process within Farcaster Frames, allowing users to browse properties, purchase fractional shares, and manage their investments\u2014all within a decentralized social feed. This seamless experience transforms real estate investing into a simple, engaging activity that feels as easy as interacting with content on social media. It removes the friction of navigating complex platforms or needing financial intermediaries, bringing property investment to users' fingertips in a novel way.\n\n2. Real-Time Interaction and Updates\n\nThrough Farcaster Frames, users receive real-time updates on property performance, new listings, and market trends directly in their social feed. This means investors no longer need to actively track external platforms for updates; instead, they are notified of changes, opportunities, and earnings within their social media interaction space. This novel integration improves transparency and helps investors make timely, informed decisions in a way that has not been possible in traditional real estate.\n\n3. Tokenized Property Listings and Transactions\n\nBy tokenizing real estate into smaller fractions, Fractise allows users to purchase and manage their holdings using Polygon PoS within Farcaster Frames. This integration allows for real-time, low-cost transactions and eliminates the high transaction fees and slow processing times often associated with traditional property deals. With just a few clicks within the Frame, users can execute purchases or stake their tokens to earn rental yields, offering them a streamlined, consumer-friendly experience.\n\n4. Gamification of Real Estate Investment\n\nFractise takes inspiration from gamified commerce, creating a more engaging and rewarding investment experience. For instance, users can earn rewards or staking bonuses by holding property fractions over time. This adds an element of fun and incentive, making real estate investment feel like a dynamic, community-driven activity. By leveraging Farcaster Frames to enable interactive engagement and reward mechanisms, we redefine the way users perceive and participate in real estate investments.\n\n5. Community-Driven Opportunities\n\nUsing Farcaster Frames, we provide users with the opportunity to actively engage in community-driven activities. Users can vote on upcoming property listings, participate in platform decisions, and interact with other investors directly within the social feed. This level of community participation is unique in real estate investment and opens up new opportunities for collaboration and shared decision-making.\n\nConclusion\n\nBy using Farcaster Frames in this unique way, Fractise solves the consumer problem of inaccessibility in real estate investment and creates new opportunities for seamless, engaging, and transparent transactions. It transforms the traditional, complex real estate process into a social, interactive, and rewarding experience that anyone can participate in, all from within their decentralized social feed.\n\n\n\n\n\n\n", "hidden": true, "question": "Describe how your project uses Farcaster Frames in a novel or unique way to solve a consumer problem or create new opportunities.", "questionId": 3}, {"type": "paragraph", "answer": "Fractise\u2019s Independent Functionality on Polygon PoS\n\nFractise is built to function fully on Polygon\u2019s Proof of Stake (PoS) blockchain, ensuring the platform operates efficiently, securely, and cost-effectively, independent of external systems. Here\u2019s how it achieves this:\n\n1. Decentralized Tokenization of Real Estate\n\nFractise uses Polygon PoS for the tokenization of real estate assets into smaller, tradeable fractions. Each property is tokenized into fungible tokens that represent fractional ownership. These tokens are minted and managed entirely on the Polygon network, allowing users to purchase and trade fractions seamlessly, without relying on centralized services. The use of Polygon ensures low transaction costs and high scalability, making property investment accessible to a larger audience.\n\n2. Onchain Transactions\n\nAll key operations\u2014such as purchasing, selling, and staking property fractions\u2014are processed directly on Polygon PoS. The network\u2019s low fees and high transaction throughput make it ideal for executing onchain real estate transactions quickly and affordably. By leveraging Polygon\u2019s infrastructure, Fractise enables users to conduct real-time transactions, ensuring security and efficiency at scale without dependence on centralized financial systems.\n\n3. Independent Staking and Rewards Mechanism\n\nFractise also implements an independent staking system on Polygon PoS. Users can stake their real estate tokens to earn passive income from rental yields or other platform rewards. The entire staking mechanism is managed onchain, meaning the rewards distribution, staking validation, and token management are handled by Polygon\u2019s smart contracts without the need for intermediaries. This ensures a decentralized, transparent, and trustless staking process.\n\n4. Smart Contract Functionality\n\nFractise operates fully using smart contracts deployed on Polygon PoS. These contracts govern all platform functionalities, including token minting, staking, and transactions. By building on Polygon, Fractise benefits from a secure, decentralized execution environment where contracts are immutable and transparent, ensuring that all operations happen independently on the blockchain without reliance on third-party systems.\n\n5. Governance and Decision-Making\n\nAlthough the current tokenomics of Fractise do not include governance, future iterations could use Polygon PoS to enable onchain governance. This would allow token holders to vote on key platform decisions, property listings, or tokenomics adjustments\u2014all managed via Polygon's decentralized smart contract ecosystem, ensuring an independent decision-making process.\n\nConclusion:\n\nFractise functions independently on Polygon PoS by using its efficient and scalable infrastructure for tokenizing real estate, processing transactions, managing staking, and executing smart contracts. By leveraging the power of Polygon, Fractise ensures a fully decentralized, low-cost, and scalable solution for fractional real estate investment, with no reliance on external systems.\n\n\n\n\n\n\n", "hidden": true, "question": "Describe how your project functions independently on Polygon PoS", "questionId": 4}, {"type": "multiple-choice", "answer": "Digital/physical intersections", "hidden": true, "question": "Select from the provided categories or specify other if none of these are applicable", "questionId": 5}, {"type": "paragraph", "answer": "Our Team\u2019s Relevant Expertise in Web3 Development and Farcaster Frames\n\nOur team brings a wealth of experience in Web3 development, particularly in building decentralized applications (dApps) and working with smart contracts on the Ethereum and Polygon blockchains. With several  projects in the blockchain space, we are well-versed in tokenization, decentralized finance (DeFi), and NFT-related technologies.\n\nBlockchain Development Expertise\n\n1. Smart Contracts and Tokenization: Our developers have extensive experience in writing, deploying, and auditing smart contracts on Ethereum and Polygon, the core technologies powering the Fractise platform. This includes working with ERC-20 and ERC-721 standards for tokenization, which is critical to enabling fractional ownership of real estate properties.\n\n2. Real Estate Tokenization: Our team has previously developed projects involving tokenized assets and decentralized marketplaces, where we applied blockchain to real-world use cases like NFTs and digital ownership. This expertise in tokenization is directly relevant to how Fractise operates by splitting real estate into smaller, tradable fractions.\n\n3. Polygon PoS Integration: We have built on Polygon\u2019s Proof of Stake (PoS) network before, ensuring that we fully understand its scalability advantages, low-cost transaction benefits, and integration best practices. Our experience includes successfully deploying dApps that leverage Polygon\u2019s efficiency for large-scale transactions and user interaction.\n\nExperience with Farcaster Frames\n\nAlthough our primary development experience has been in building Web3 applications, we are actively exploring the use of Farcaster Frames to enhance user interaction within social feeds. Our research has focused on how Frames can seamlessly integrate tokenized assets and onchain transactions into decentralized social experiences. We are in the process of building interactive Frames that allow users to invest in fractional real estate directly from their social media feed, providing an intuitive and engaging experience.\n\nOur team works collaboratively, combining our expertise in smart contracts, user interface development, and blockchain infrastructure. Together, we are focused on delivering an intuitive, user-friendly experience that bridges the gap between traditional real estate and blockchain technology. We are constantly iterating and refining our product to ensure that it meets the highest standards of security, functionality, and user engagement.\n\nBy leveraging Farcaster Frames and the Polygon PoS network, we are building a platform that empowers users to engage with real estate investments in a novel, decentralized, and accessible way, all while ensuring the highest levels of transparency and efficiency.\n\n\n\n\n\n\n\n\n\n\n", "hidden": true, "question": "Describe your team's relevant expertise in developing in Web3 and (if applicable) with Farcaster Frames.", "questionId": 6}, {"type": "paragraph", "answer": "To ensure a successful integration of Farcaster Frames and the full development of the Fractise platform, we have outlined a set of key milestones with a corresponding budget. Initially, we will set up the core infrastructure, including smart contract deployment on Polygon PoS and basic Farcaster Frame integration, which we expect to complete within 2-4 weeks, allocating 50,000 MATIC for this stage. Next, we will focus on building the tokenization mechanism, enabling the fractional ownership of real estate properties. This milestone will take approximately 4-6 weeks and require 75,000 MATIC.\n\nFollowing this, we will fully integrate Farcaster Frames into the platform, allowing users to interact with property listings and complete fractional investments within their decentralized social feed. This integration, expected to take 6-8 weeks, has a budget of 100,000 MATIC. We will then develop a staking and rewards system, enabling users to stake their property tokens for passive income, which will take 8-10 weeks and require 75,000 MATIC.\n\nOnce the key functionalities are in place, we will conduct thorough testing and gather user feedback over a 2-week period, budgeting 30,000 MATIC for this stage. After testing, we plan to launch the full platform within 12-16 weeks, with 50,000 MATIC allocated for deployment, marketing, and initial user onboarding. Lastly, to drive adoption and maintain engagement, we will focus on community growth through ongoing activities such as AMAs and workshops, setting aside 20,000 MATIC for this effort.", "hidden": true, "question": "Please provide key milestones with budget for integrating Farcaster Frames and developing your application. You can link to a spreadsheet outlining this information.", "questionId": 7}, {"type": "paragraph", "answer": "To drive user adoption for Fractise, we will implement a multi-pronged strategy focused on education, community engagement, incentives, and strategic partnerships:\n\n1. Education and Awareness\n\nWe will launch a series of educational campaigns aimed at simplifying the concept of fractional real estate ownership and blockchain-based investments. These campaigns will be delivered through content on blogs, social media, and video tutorials, highlighting the benefits of tokenized real estate and how users can get started easily with Fractise. We will also conduct webinars and AMAs to explain the platform\u2019s features, and how to use Farcaster Frames to invest in real estate fractions.\n\n2. Community Engagement and Farcaster Integration\n\nLeveraging Farcaster Frames, we will make investing in real estate highly interactive and engaging within decentralized social feeds. Users will be able to buy and manage their fractional properties directly through Farcaster, creating a seamless experience. Additionally, we will host community-driven discussions and polls to allow users to vote on property listings or platform developments, fostering a sense of belonging and active participation.\n\n3. Referral and Incentive Programs\n\nWe will introduce referral programs that reward users for bringing new investors to the platform. Additionally, early users and adopters will be incentivized through staking rewards, where users who hold their tokens for a certain duration or stake them on the platform will earn extra income from rental yields. This approach not only attracts new users but also encourages long-term engagement.\n\n4. Strategic Partnerships\n\nWe plan to partner with real estate companies, crypto influencers, and Web3 media outlets to expand our reach and credibility. By collaborating with real estate firms, we will have access to a broader range of properties, which will make the platform more attractive to investors. Working with influencers and Web3 publications will help promote Fractise within the blockchain and investment communities, further driving adoption.\n\n5. Social Proof and User Testimonials\n\nAs the platform grows, we will highlight case studies and user success stories to build trust and showcase the platform\u2019s benefits. Sharing these testimonials on social media and within the Farcaster community will motivate potential users to join.\n\n6. Continuous Engagement through Updates and Features\n\nWe will regularly release new features (e.g., new property listings, improved staking rewards) and keep the community updated on platform developments. Active engagement with users through continuous product improvements will ensure that users remain invested and spread the word organically.\n\nBy focusing on education, incentivization, and community-driven growth, Fractise aims to attract and retain a dedicated user base while making fractional real estate investment accessible to all.\n\n\n\n", "hidden": true, "question": "What is your plan for driving user adoption of your application", "questionId": 8}, {"type": "paragraph", "answer": "Increasing Daily Active Addresses (DAA) and Transaction Volume on Polygon PoS\n\nFractise will increase both Daily Active Addresses (DAA) and transaction volume on Polygon PoS by leveraging its innovative real estate tokenization and investment platform. The key strategies to drive DAA and transaction volume growth are as follows:\n\n1. Tokenized Real Estate Transactions\n\nEach fractional investment in real estate on Fractise will represent an onchain transaction. With hundreds of properties tokenized, and users able to buy small fractions of these properties, we expect a high volume of transactions per day. Real estate, being a long-term investment, also encourages repeat transactions as users continue to invest in different properties or reinvest their earnings into new assets. \n\n2. Staking and Rewards Mechanisms\n\nFractise\u2019s staking system will further increase transaction volume as users stake their property tokens to earn passive income through rental yields. Each staking and unstaking action will generate additional onchain activity, as will the periodic distribution of rewards. We expect 50-100 staking-related transactions daily in the first two months, contributing significantly to overall volume.\n\n3. User Onboarding and Referrals\n\nWe aim to onboard a minimum of 1,000 users in the first 60 days, with daily active users (DAA) growing steadily as referral programs incentivize new participants. With each new user engaging in multiple transactions (buying tokens, staking, transferring ownership), the daily transaction volume will grow. We estimate 50-100 new daily active addresses (DAA), scaling up as the referral system drives adoption.\n\n4. Farcaster Frame Integration\n\nBy integrating Farcaster Frames, users will interact with tokenized real estate investments directly from their social feeds. This frictionless experience is expected to drive engagement and, subsequently, transaction volume. As users make purchases, track investments, and stake tokens via Farcaster Frames, we estimate an additional 100-200 transactions per day through this social-driven mechanism.\n\nThese estimates are based on our platform\u2019s planned features, marketing initiatives, and the initial community interest in tokenized real estate investments.\n\nBy driving both new user activity and encouraging continuous investment and staking behaviors, Fractise will contribute to the growth of Polygon PoS through a steady increase in DAA and transaction volumes.", "hidden": true, "question": "Describe how your project will increase DAA and transaction volume on Polygon PoS.  Provide estimates on the expected volumes over the next 60 days.", "questionId": 9}, {"type": "paragraph", "answer": "As of now, Fractise is in the early stages of development and does not yet have an established user base or active partnerships. However, we have built significant momentum through community interest, our team\u2019s background in blockchain development, and ongoing discussions with potential real estate partners who are interested in exploring tokenization of properties.", "hidden": true, "question": "If applicable, describe any existing user base, partnerships, or traction your project has achieved. Include metrics if available.", "questionId": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Do you understand and agree to complete Gitcoin's KYC process before processing payments?  All grantees receiving more than $15K will be required to complete KYC/KYB.", "questionId": 11}], "project": {"id": "0xc16ecbc4a46ddf87ac7f7c1ae48382b38afe542f436d314fc6fdfa5a3b33a07a", "title": "Fractise : Tokenized Real Estate Fractional Investment", "logoImg": "bafkreib2fzsht3utxiff33yc3flswk6ak45wpqclt6lrcig2rptg66lgte", "metaPtr": {"pointer": "bafkreibofeiv5gnwcf6jhv6xddthkjsqyagnjemuojrgojof5awt7ykeui", "protocol": "undefined"}, "website": "https://fractise.com", "createdAt": 1727185310626, "credentials": {"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, "projectTwitter": "fractiseapp"}, "recipient": "0xb4C8e8A0ad3B24B74281dC8c22875C871ddb403A"}}