The Business

Swapup is a dapp that enables peer to peer digital asset trading for NFTs and Cryptocurrency. In the full build of the site users will be able to trade, rent, and host giveaways for NFTs and crypto using a secure escrow smart contract to handle transfer of assets. Swapup allows for the interactions of these transactions to happen in a trustless and user-friendly way, facilitating safe trades between users. MVP is currently in development, release planned for end of February, and incorporates the first interaction between users with the ability to trade securely ERC721 and ERC1155 in any quantity. Swapup in going to be a tool that enables users to transact peer to peer in a trustless and verified manner for all types of goods and services.

The Future

Functionality and future builds for Swapup has been organized and plotted into sprints. The future iterations include functionality that expands on the idea that web3 interactions should be trustless and easy to use. Our future builds include the ability to rent NFTs, have direct conversations with users, and host giveaways for user followers, along with other intricate use cases. In order to get there, we need to develop some baseline functionality which allows for the users to communicate with each other to create a trusting platform to create trades on.

The Proposal

We would like the 1ETH grant to go toward creating that communication layer for users. The build for this will use ENS domains and wallet addresses in order to facilitate this process. We do not want to build out this functionality ourselves but better yet use some of the readily available chat options other ENS members have created in order to facilitate this functionality. Using the grant money, we would pursue conversations with direct messaging-based chat solutions developed by the ENS community and implement a communication solution that helps compliment an ENS focused solution.

The Extra

Based on this functionality, we own the core ENS name swapup.eth, and plan on utilizing this to allow users to create subdomains in order to manage their accounts and easily communicate with other users. This will provide revenue for both ENS and Swapup.

Links

The website is live, but some code needs to be migrated in order to make it functional so feel free to use our dev site if you would like to try the tool. If you don’t have experience with the Goerli network, feel free to join our discord, get the Tester role, and review our testing instructions to be walked through how to test the dapp.

Production Site: https://swapup.trade

Test Site: https://swapup-dev.azurewebsites.net/

ENS: Swapup.eth