Amount to Raise- MVP

We are needing to raise $170,000 for the creation of an MVP for this marketplace. The fund use is described below.

Development

Raid Guild was contracted for a design sprint of a public good NFT marketplace- called FeNXT. From the sprint raid Guild estimates $94,225wxDAI needed to complete the MVP of the marketplace in a 12 week timeframe. We are aiming to raise the funds needed for the MVP creation through grants by organizations that'd like to further support the public good.

	Estimate	Time Estimate
Webdesign	$ 12,900 wxDAI	3 weeks
Front End	$ 39,650 wxDAI	10 weeks
Smart Contracts	$ 23,675 wxDAI	4 weeks
Backend API and Database	$ 18,000 wxDAI	5 weeks
Total Estimate	$ 94,225wxDAI	** 12 weeks**

Operations

The establishment of a legal entity for our community that is able to legally issue tokens and comply with regulations will need to be done. This funding is used to recoup these expenses (as the establishment will occur before the distribution of tokens). $45,0000 is the estimated cost if done through Otonomos or another such organization.

Marketing

We will want to partner with other decentralized organizations and news outlets to get into the public's perspective. This funding will be used for that. $30,000 is the estimated cost. For further information on our marketing strategy see community outreach. We will work with decentralized organizations as much as possible with this, such as Cre8r.

Contingencies

Any unexpected costs should be covered in the contingencies budget. The initial budget for the MVP is $5,775