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• Design solutions In this iteration, the feature of leasing NFTs was connected to the correspond- ing smart contract and a fully operational prototype was available for testing. To receive feedback, it was again showcased to mentors from HackMoney and UX experts from Consensys [30] which gave us insights for the next steps. The recording of the discussion and the feedback received is also available on YouTube. [63] The main points addressed were: • The platform can be used for shorting NFTs when borrowing the NFT at a certain price and speculating that its market value will increase in the future. By choosing not to return the NFT, if its price increases, and selling it at a later point, the user can earn a profit. This behaviour would not be encouraged on the platform, however there could be benefit in having OTC forward contracts which could lead to less volatility in the prices of NFTs. • Being a novel use case, it has to gain the trust of the users and make the platform a safe peer-to-peer marketplace. Adding a "credit score" for users who post loan requests could be a good solution to incentivize building trust on the platform. • More feedback should be provided to the users who initiate transactions. They should be informed of their status, without relying on their wallet to send notifications. • A way to enable chat between addresses and receive messages about offers and requests would make the communication more transparent. This is the final iteration discussed in the Design chapter. The third and last iteration presented in this report is part of the Evaluation chapter and involves DeFi and DApp users, once the implementation of all the Design Research conducted in this chapter is finished. 33PDF Image | NFT finance Leveraging Non-Fungible Tokens
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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