Thread by @Foudres_

[THREAD #ELROND PROJECT ANALYSIS / @NFTimofficial]

Elrond does not have a monopoly on Launchpad, @BlackHatNetwork is another one that also offers some projects. Focus on NF-Tim a project launched by @CreativeTim focused on Web3 UI/UX devellopements tools.

RT/Like appreciated ⚡️

1/ Market Analysis

2/ @CreativeTim

3/ What do they want to solve and build in web3 ?

4/ #NFTs

5/ #RoadMap

6/ Team

7/ A new way of imagine the tech company's business model (imho, the most interesting part)

#ElrondCommunity #BHAT #ElrondNFT #ElrondNetwork

1/ Market Analysis

The UX/UI market became huge when E-commerce started to grow. Global BtoC E-commerce revenue was $4.938 trillion in 2021, up 16.2% from 2020, according to eMarketer. Online sales now account for 19% of total retail sales worldwide, up from 13.7% in 2019.

Although #Web3 is full of opportunity, #Web2 is still growing but the UX/UI is a rather saturated job market, there are many freelance developers but paradoxically also many companies/organizations that are very poorly supported in their website construction

(French people will agree with me that all the French administration is 20 years behind in terms of UX/UI).

The construction of a (good) website is still expensive today and requires several profession to be functional (#UIUXDesigner, front end/back end dev, and many others depending on the complexity of the site).

That's why we see since a few years more and more tools allowing the creation of simple website with a minimum of knowledge required or even "No-Code" tools (ex: @WordPress , @Wix, etc)

2/ @CreativeTim

CreativeTim offers fully coded UX/UI templates to facilitate the creation of websites, dashboards and mobile applications. They are available in many languages that are used for web dev and allow beginner developers to build very good websites.

Their solution composed of 120 different products in paid access and 100 in open source is used by more than 1.9 million devellopers and designers.

The Romanian company was created in 2014 and is 100% owned by its founders. They are very active in the development communities by sponsoring #Hackathons, donating part of their income to #OpenSource frameworks

Some of their templates are among the most used on #WordPress and they are investors in two other Romanian companies that develop digital tools

Their products are also used by large companies such as @IBM, @Microsoft, @VodafoneGroup, @amazon, @Samsung and United Nations

3/ What do they want to solve and build in #Web3 ?

Currently :

• Building #Website and #Mobile apps from scratch is time and money consuming

• #Developers and #Designers with 8-10 years of experience are very expensive and hard
to find

• Having a common language between the #Developers and #Designers is hard without
having a Design System with straight rules

• Every year new devices with multiple screen sizes are launched and you must make sure your web or mobile app is looking great on each one

• Most of the time, you build using multiple #OpenSource libraries which don’t have a similar look

In #Web3 with #NFTim :

• Migrate their current tools from #Web2 to #Web3

• Create a suite of new #Web3 #UI Tools & #DApps based on Elrond for developers

• Create No-Code & Low Code Builders for non-developers.

• Write articles & materials that future #Web3 developers can use to build real life applications on #Blockchain

• The first use case of #NFTs would be the accessibility to the @NFTimofficial #NFT #DApps which will allow to download the products related to their NFT but also to make data analysis on the other available collections

4/ #NFTs

They aim to make their tools available via the purchase of an NFT. All of them have utilities that will give you instant access to premium products for #Web3 #Developers and #UIUXDesigner

https://twitter.com/NFTimofficial/status/1529492574506999810?s=20&t=1upw6SH9pxWKI1WOSBAWvw

The total supply will be 9999 #NFTs separated in 3 collections giving access to different products :

Meta-Bot / Meta-Human / Meta-Tim

https://twitter.com/NFTimofficial/status/1534187046289514498?s=20&t=1upw6SH9pxWKI1WOSBAWvw

#NFTCollection #NFTCommunity

Meta-Bot Collection :

These will be oriented #FrontEndDevelopment and #BackendDeveloper UI tools, they are divided into 6 types of metabot, each offering access to different tools

Meta-Human Collection :

These will be #UIUXDesigner oriented and will give access to products and books for designers

Meta-Tim Collection :

These will give you access to all the products included in the previous collections, a kind of premium pass

There is of course a notion of rarity within all the collections, the Meta-Tim collection for example contains ten 1/1 which are celebrity representations

It is mentioned in the #Roadmap that #Holders will receive #Rewards according to the following conditions. No details yet on what these rewards are and where they will come from

5/ #RoadMap

Below you can see the Roadmap, we can see that it is already well advanced and that even some points planned for later are already available !

Two major point : The plan of rewards for holders and #Web3 ressources is for Q4 2022

6/ Team

The team is composed of 14 people :

The Artist : twitter.com/PaulVirlan

The Co-Founder of Creative Tim and NF-Tim : twitter.com/Axelut

The CTO : linkedin.com/in/beniamin-ma…

Most of the members have been working in the parent company @CreativeTim for many years, and there are several people with experience in #Web3, at first sight, a very experienced team so

7/ A new way of imagine the tech company's business model

We attack the most interesting part :

It is personally one of the utilities that I find the most adapted to the NFT, I explain myself :

NFTs that give advantages within the #Crypto ecosystem are good, but an #NFTs that helps developers from other horizons to better understand #Web3 by providing resources is even better.

It is a step more towards the democratization of the #Web3 and especially a possible door of entry for millions develloper

But if it is in limited acces, it limits enormously its potential, no? well not really, this is only speculation, but let us project ourselves in the future

Let's imagine, as for #Web2, NF-Tim becomes one of the leaders in providing #Web3 resources, what could happen ?

The demand for NFT is so high that it's almost impossible for an average developer to afford an access

Imagine NF-Tim releasing access to its NFTs not for individuals, but for businesses.

For example an NFT allows you to have access to one person, 10 gives you the right to access all your employees

As someone who knows Autodesk, a CAD (Computer Aided Design) suite, I know how much a professional access can be worth.

$3700 a year for a single user, so imagine for a company of about fifty users

So of course it's a very complex and powerful software, maybe not comparable to what NF-Tim offers, but this is to give you an idea.

Professional software is EXTREMELY expensive

We are therefore witnessing the emergence of a new business model for projects offering tools for professionals

Or imagine that the possibility of lending access is possible via a smart contract, you share the rights to hold resources at several addresses and get #EGLD for this

Limited-access tools, where companies with access can position themselves as market leaders simply by having an NFT or individuals who have kept their NFTs and rent them to companies, while those without access are at a significant disadvantage

There are many ways to revolutionize the business model of companies offering products that are not tangible.

In fact we are witnessing the emergence of a new paradigm, as for food, energy, and all tangible goods in limited quantities whose prices are set by supply and demand and the efficiency of markets

The virtual goods will assist to a limitation of their offers in order to be also subjected to the law of the market

This is all speculative for the purposes of this project, but it is to give you an idea of what this kind of utility NFTs can do.

No more companies taking advantage of their monopoly to offer their software at exorbitant prices. Speculation and the demand will make the price.

About the project itself, I'm not a Web3 develloper, I'm just playing with my basic knowledge on python, so I'm not qualified to judge the quality of their product.

Moreover we have no preview of what will be these resources, template etc

But given the success of their business model and their product in Web2, there is no doubt about the quality of their future Web3 product.

@ElrondNetwork is still a young blockchain, the community is extremely active but does not have as many developers as a project like Solana for example, but this kind of product could change the game and that's why I am quite bullish on the project

The new utilities that will be brought by the Elrond team this year are huge, the number of projects is multiplying at this time and in full bear market !

And this project will I think contribute to the expansion of our favorite blockchain

That's all for this project analysis, thanks for reading, curious to have your feedback on this one and especially on the last points I mentioned about the NFT utility and new business model

Take care of yourself and your wallet, see you (very soon) for new threads

If you liked it and you want more analysis and reflexion on the future Elrond projects, don't hesitate to share my analysis, Thanks !

https://twitter.com/Foudres_/status/1560243576356872192?s=20&t=lWohhAPYw4-VnxELHGoUOg