Smart contracts are computer programs or transaction protocols designed to automatically execute, control, or document binding actions or events.

These digital contracts are trustless, autonomous, decentralized, and transparent — and are usually irreversible and unmodifiable once deployed. 

Smart contracts can be used for:

• Financial transactions;

• Exchanges of digital goods and services;

• Exchange of coins;

• Building DAOs (Decentralized Autonomous Organization);

• Legal agreements;

• Real Estate (fractional ownership);

A Non-Fungible Token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

NFTs are created via a process known as minting, which involves converting images, videos, sound bites, and other digital files into crypto assets on a blockchain. Essentially, when you mint NFTs, you’re configuring the underlying smart contract code that decides the qualities of your crypto assets.

You will need to cover everything, starting from Art & attributes, ending with all the integrations you might require.

What needs to be defined:

• Art - Attributes;

• Generative Art;

• Metadata & Images;

• Total Supply: number of NFT that can be minted;

• Price and logic of minting;

• Tokenomics;

• Additional Features that need to be implemented;

• Additional Extensions that need to be implemented;

• Integrations.

• Airdrop and whitelists - We can generate tokens for a predefined set of addresses without any conditions and fees.

• Reveal - When the user mints NFT, you display a placeholder and after a certain period of time (could be 1 or even 15 days), you reveal the actual image.

• Staking - Stake your tokens to receive back rewards. 

• Voting and Governance - Token owners can vote against proposals. Voting has different options, one can initiate a proposal that triggers a real transaction for example. And then voting passes -> the transaction is executed. More details here: https://docs.openzeppelin.com/contracts/4.x/governance#proposal_lifecycle

• Breeding - the user can merge two NFTs and mint a new NFT;

• Burn - One can burn tokens; It is often used in Breeding, wherein the old NFTs that were used for breeding get burned.

• Pausable - The owner can pause all transactions;

• Freezable - The owner can freeze their tokens on anybody’s wallet, meaning they will not be able to do transactions on it.

• Upgradeability - We can make source codes of contracts upgradable, even more, we can separate state and logic contracts and make some parts of them upgradeable.

• Gating — Tokens can be used to allow/disallow certain actions on-chain and off-chain

• Payments — We can make users/customers pay using internal (utility) tokens;

• 3rd party integrations — Tokens can be exchanged for NFTs and vice versa. In addition to that, exchange with other tokens if we find any good synergy with other projects.

• Wallets & Web2 — TKN will be displayed inside wallets as assets and also on web pages and other web2/web3 systems where we need it.