Round 2 / OpenGate

Who is this project important for? Enterprises and institutions with large-scale storage needs: Expands channels in the education sector in Australia, collaborates with Australian schools and educational institutions, and partners with the film industry to develop real data storage solutions. NFT creators and collectors: Provides an NFT marketplace within the FVM ecosystem, filling a gap in the Filecoin NFT sector. Businesses requiring crypto solutions: Establishes partnerships with Web2 companies to explore RWA project development. Developers and users within the Filecoin ecosystem: Developed an FVM-compatible wallet that enables interaction with FVM ecosystem tokens. Additionally, an NFT Launchpad that supports FVM has been created, allowing projects to raise funds using NFTs or use them as collateral, enabling users to participate in funding or stake their NFTs to earn project tokens.

What pain points does it solve? Payment Solutions: Developed the OpenGate wallet to support FVM ecosystem token interactions, simplifying transaction processes. NFT Display Functionality: Created an NFT display feature on the OpenGate trading platform within the FVM network, addressing the inability to showcase NFTs within the Filecoin ecosystem. Storage Solutions Across Industries: Drives real paid storage solutions by seeking collaborations with enterprises and institutions with large-scale storage needs, enhancing the visibility and influence of Filecoin’s paid storage in the market. RWA Integration Innovation: Launched the first RWA project within the FVM ecosystem, combining NFT and RWA concepts to attract quality business participation. Ownership verification and simplified project financing: Projects within the FVM ecosystem can raise funds on the OpenGate Launchpad by issuing project NFTs. Users’ rights are not only confirmed but can also be traded on the OpenGate secondary market, making equity more liquid.

What are the tangible benefits of this contribution? Infrastructure Development: The OpenGate wallet establishes the foundation for a robust payment system supporting FVM tokens, which is crucial for the ecosystem's growth. Bringing Web2 Traffic to the FVM Ecosystem: Actively explores the combination of NFT and RWA by partnering with companies and brands like Penfolds, launching the first NFT series in the FVM RWA sector, allowing Web2 users to engage with the Filecoin ecosystem. This innovative NFT financing method also attracts more quality enterprises to build RWA projects within the Filecoin ecosystem. Improved NFT Usability: The OpenGate platform supports FVM's NFT display functionality, enhancing the user experience for NFT holders and promoting community engagement. Real Paid Storage Solutions: Collaborations with organizations such as the Senior Support Society drive real paid storage adoption in Australia, promoting and expanding awareness of Filecoin’s real paid storage solutions among enterprises and institutions, thereby strengthening Filecoin’s presence in the data storage market. NFT-Based Financial Solutions:

The introduction of an NFT Launchpad within the FVM ecosystem adds a new layer of functionality. By allowing projects to use NFTs as collateral, users can stake their NFTs to earn project tokens. This innovation provides projects with new fundraising mechanisms while offering NFT holders opportunities to leverage their assets, thus driving more engagement and investment in the FVM ecosystem. Simplified Project Financing and Ownership Verification:

The OpenGate Launchpad allows FVM projects to raise funds by issuing project NFTs. This approach not only streamlines the fundraising process but also ensures that user rights are confirmed and can be traded on OpenGate's secondary market. This added liquidity transforms traditional equity into tradable assets, encouraging investment and participation in the ecosystem. For project developers, this reduces barriers to entry by providing a flexible and transparent way to access funding, while users benefit from greater assurance and the ability to trade their assets, increasing the overall economic activity within the ecosystem.