Radicle Grant Application
- Project Name: Nfticks
- Team Name: Nfticks
Payment Address: 0xdb473013a8f34534223901E2c1156a75c3Fc3fA0 - Category: Web3 & FOSS
Project Overview 
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Nfticks revolutionizes ticketing with blockchain and NFTs. Our platform eliminates fraud and counterfeiting, empowering event organizers and attendees. Join us in transforming the ticketing experience.
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Nfticks project can integrate with Radicle by leveraging its decentralized code collaboration and version control platform. We could utilize Radicle’s infrastructure to ensure secure and transparent development of our software, enabling perfect collaboration among our team members and facilitating community contributions. By leveraging Radicle’s technology, we can enhance the integrity and decentralization of our project while fostering open-source collaboration.
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Our team is passionate about creating the Nfticks project because we believe in the transformative power of NFTs and their potential to revolutionize the ticketing industry. We are driven by the desire to provide a more secure, transparent, and accessible platform for buying and selling event tickets using blockchain technology. Our team’s expertise in blockchain and ticketing, combined with our shared vision, motivates us to bring this project to life and make a positive impact in the industry.
Team 
Team members
- Team leader: Oussama Allamou
- Team members: Vlad Petrescu, Ovidiu Gagenel
Contact
- Contact Name: Ovidiu Gagenel
- Contact Email: ovidiugagenel@gmail.com
- Website: www.nfticks.io
Legal Structure
- Registered Address: Dornei 14, Bucharest, Sector 1, Romania.
- Registered Legal Entity: Nfticks SRL
Team LinkedIn Profiles 
Oussama Allamou
https://www.linkedin.com/in/oussama-allamou-11a1a5219
Vlad Petrescu
https://www.linkedin.com/in/vlad-petrescu-71726583/
Ovidiu Gagenel
https://www.linkedin.com/in/ovidiu-gagenel-986178268/
Project Description
We are applying for this grant because it provides the financial support necessary to accelerate the development and deployment of the Nfticks project. With this grant, we can dedicate more resources to research, development and testing ensuring a robust and high-quality product. Additionally, the grant allows us to leverage the expertise and network of the grant provider, fostering collaboration and knowledge-sharing. We believe that receiving this grant will not only validate the importance and potential of our project but also enable us to deliver a solution that addresses the challenges in the ticketing industry effectively.
Deliverables 
- Total Estimated Duration: 10 months.
- Full-time equivalent (FTE): Amount of time (in days) required for a single person to complete this project (see) 300
- Total Costs: 200,000.
Milestone 1 - Project Setup and Planning:
- Estimated Duration: 30 days
- FTE: 90
- Costs: 20,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Project plan document outlining the scope, objectives, and timeline of the project |
| 2. | Deliverable 2 | Team roles and responsibilities defined and documented |
| 3. | Deliverable 3 | Infrastructure setup, including hardware and software environment, completed |
Milestone 2 - Prototype Development:
- Estimated Duration: 60 days
- FTE: 180
- Costs: 30,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Functional prototype of the project developed and tested |
| 2. | Deliverable 2 | User interface design and user experience (UI/UX) wireframes created and approved |
| 3. | Deliverable 3 | Integration of essential features and functionalities into the prototype |
Milestone 3 - Alpha Release:
- Estimated Duration: 60 days
- FTE: 180
- Costs: 60,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Alpha version of the project deployed and accessible for testing by selected users |
| 2. | Deliverable 2 | Feedback collection mechanism implemented and user feedback gathered |
| 3. | Deliverable 3 | Bugs and issues identified during testing resolved and improvements implemented |
Milestone 4 - Beta Release:
- Estimated Duration: 60 days
- FTE: 180
- Costs: 40,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Beta version of the project launched with a wider user base |
| 2. | Deliverable 2 | Integration of additional features and enhancements based on user feedback |
| 3. | Deliverable 3 | Performance optimization and stress testing conducted to ensure stability and scalability |
Milestone 5 - Production Release:
- Estimated Duration: 30 days
- FTE: 90
- Costs: 30,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Full-scale production release of the project |
| 2. | Deliverable 2 | Comprehensive quality assurance and testing completed |
| 3. | Deliverable 3 | User documentation and support materials finalized |
Milestone 6 Post-Launch Evaluation and Improvements
- Estimated Duration: 60 days
- FTE: 180
- Costs: 20,000
| Number | Deliverable | Specification |
|---|---|---|
| 1. | Deliverable 1 | Evaluation of user feedback and identification of areas for improvement |
| 2. | Deliverable 2 | Iterative updates and enhancements based on user feedback and market demands |
| 3. | Deliverable 3 | Implementation of additional features and functionalities to enhance the project’s value propositio |
Future Plans
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In the short term, we intend to use the grant to allocate resources towards the development and enhancement of our project. This includes hiring skilled developers and designers to accelerate the implementation of key features and functionalities. We will also invest in comprehensive testing and quality assurance processes to ensure a stable and reliable product. To promote and support the project, we will actively engage with the community through social media platforms, blog posts, and forums. We will provide regular updates on the project’s progress, solicit feedback, and address any concerns or questions from users. Additionally, we will actively seek partnerships and collaborations with relevant stakeholders in the ticketing industry to increase adoption and awareness of our solution. Overall, our goal is to create a strong foundation for the project in the short term, focusing on development, promotion, and community engagement to establish a solid user base and gather valuable feedback for continuous improvement.
In the long term, our team’s plan is to ensure the sustainability of the project by establishing a robust and scalable business model. We will explore different revenue streams, such as transaction fees, premium features, and partnerships with event organizers and venues. By offering value-added services and continuously improving the platform, we aim to generate steady revenue that will support ongoing development, maintenance, and expansion. Additionally, we will prioritize building a strong user community and fostering user loyalty. We will actively listen to user feedback, address their needs, and continuously enhance the user experience. This will not only help in retaining existing users but also attract new users through positive word-of-mouth and organic growth. Furthermore, we will seek strategic partnerships and collaborations with industry players, leveraging their expertise, resources, and network to drive adoption and expand our market reach. These partnerships can also provide opportunities for additional revenue streams and help establish Nfticks as a key player in the ticketing industry. Our long-term vision is to create a sustainable and thriving project by offering a valuable solution, cultivating a loyal user base, exploring diverse revenue streams, and strategically partnering with key stakeholders in the industry.
To secure additional grant funding for future work, we will focus on several key strategies:
- Demonstrating Impact: We will diligently track and measure the impact of our current project, highlighting the positive outcomes and benefits achieved. By showcasing tangible results and success stories, we can build a strong case for further funding, emphasizing the value and potential of our work.
- Collaboration and Partnerships: We will actively seek collaborations and partnerships with other projects, organizations, and institutions that share similar goals and values. By pooling resources, expertise, and funding opportunities, we can enhance our chances of securing additional grants and funding for future work.
- Diversifying Funding Sources: While grant funding is valuable, we will also explore other avenues for financial support. This includes exploring potential investors, crowdfunding campaigns, and revenue generation strategies. By diversifying our funding sources, we can reduce dependency on a single channel and increase our financial resilience.
- Building Relationships: We will actively engage with grant providers, industry stakeholders, and potential funding sources. This includes attending conferences, participating in networking events, and leveraging existing connections to establish relationships. By cultivating these relationships and demonstrating our commitment and progress, we can position ourselves for future funding opportunities.