Take easy card payment for NFTs

[wfalcon0x]

Walletless

Grant category

Please select one or more of:

• Open source maintenance
• Developer tools / services
• Educational material

Description

Buy NFTs directly with card

Problem statement

• Selling NFTs to non-crypto natives is harder than it should be – you first buy crypto, then buy the NFT, paying twice the fees and go through a lengthier process
• Accepting direct card payments requires a significant amount of dev work

Target audience

• NFT merchants on FLOW wanting a ‘Pay with Card’ checkout option

Evidence for the need

• Direct card-to-NFT purchases boost sales by 300% (MoonPay survey)
• Discussions with other founders about their experiences selling NFTs
• Survey friends and family about their experiences buying NFTs

Proposed solution

• A ‘Pay with Card’ button to checkout NFTs with cards
• Checkout solution can be added to a merchant website through a code snippet
• Buyers won’t need to already have a crypto wallet to buy NFTs
• Merchant can still offer 'Connect Wallet' button for checkout with crypto wallets like Dapper, Blocto, Lilico

Impact

• Higher sales conversions for FLOW projects

In what ways does this benefit the broader Flow developer ecosystem?

• Save months of dev work

Milestones and funding

Note: You can leave the USD proposal empty / "TBD". Please consider adoption and/or maintenance milestones at the end of your project.

Milestone	Deliverables	Timeline	Risks	USD proposal
1 - Wireframes & Architecture	- Wireframes of the checkout process - Wireframes of the wallet UI - High-level architecture diagrams	1 week	-
2 - FCL compatible wallet	- FCL endpoint APIs - Magic link authentication - Pluggable private key management solution	4 weeks	3rd party integrations
3 - Card Payments	- Fiat payment for NFT purchases with USDC - Send an email to the user after the purchase with receipt	2 weeks
4 - Wallet UI	- Show minimal NFT gallery for purchased NFTs (compatible with FLOW’s metadata standard) - Transfer NFTs out of wallet	2 weeks
5 - Security	- Secure private key management solution utilising HSM - Adopt best practices to prevent fraudulent activity	3 weeks	3rd party integrations
6 - Merchant checkout solution	- The UI for the merchant setting up the NFT checkout - The NFT checkout page - Checkout APIs	3 weeks	3rd party integrations
7 - Testing and rolling to live environment	- Testing and bug fixing - Rolling out the solution to live environment / Mainnet	2 weeks
8 - Adoption	- 3 merchants use Walletless checkout solution - Gather feedback	1 week
9 - SDK for Devs	- SDK to add button to app & customise checkout experience - SDK documentation	4 weeks
10 - Maintenance	Supporting merchants, resolving issues	4 months

Team

Name	Role	Bio	Contact
Daniel N	Product	Oxford University Engineering scholar, Ex-BAML, experience in tech and finance	[email protected]
Akos E	Architect and Full Stack	Engineer graduating in Germany, years in software development, technical leadership and architecture	[email protected]
Mislav K	Front-end Engineer	Front-end experience for many start-ups, including web3
Paul F	Business Analyst	Accountant, ex-Deloitte, c-suite experience, background in finance and healthcare

[alxflw]

Thanks again for sharing more details with us! We'd be in favor of #48