Taciturn 2

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A platform where art transcends the artist

• Problem Statement

• Our Solution

• Technical Overview

Contents • Revenue Generation


and Profitability

• Market Matrices

• Marketing Strategy

• Future Plans and


Problem Statement
• Creator Imbalance: There's a notable disparity in the distribution of benefits
and recognition among creators, often favoring certain artists over others.

• Privacy Concerns: Traditional NFT marketplaces lack sufficient privacy


measures, exposing transaction details and potentially compromising user
identities.

• Security Risks: Public visibility of transactions increases the risk of fraud and
unauthorized access to sensitive financial information.

• User Experience Challenges: Current platforms may not cater adequately to


both experienced crypto users and newcomers, leading to a fragmented user
experience.

• Regulatory Complexity: The evolving regulatory landscape poses challenges


for NFT marketplaces, affecting compliance and operational stability.
Our Solution
• By removing biases linked to reputation, we spotlight artistic
merit, empowering all creators.

• Meanwhile, our platform ensures privacy via zk-SNARKs,


safeguarding identities in NFT transactions, creating a secure,
inclusive space.

• This innovative approach safeguards user identities, securing


NFT transactions and fostering a private, trust-filled
marketplace experience
Technical Overview
With the help of a commitment
generator, creators generate
commitments and mints their
zkNFTs. Each zkNFT is linked to these
commitments rather than the
creator's address. It is this
commitment only that is displayed
as the owner of the zkNFT on
Taciturn.

At the time of purchase, the buyer


generates their own commitment
and pays the price of the zkNFT to
the contract. The owner's
commitment of the zkNFT is then
updated to reflect the buyer's
commitment, and the previous one
is removed.
When a user generates a
commitment, they receive a zero-
knowledge proof. The user should
carefully copy and store this safely.
Whenever someone purchases a
zkNFT, to claim the payment made
by the buyer, the previous owner
must provide the corresponding
zero-knowledge proof associated
with that zkNFT.
Revenue Generation
and Profitability
Platform Fee for NFT Buyers
Charging a platform fee for NFT buyers on Taciturn is a
straightforward yet effective strategy for revenue generation.
This fee not only covers operational expenses but also funds
platform enhancements, ensuring Taciturn remains competitive
and user-focused.

Convergence Fee for Converting


zkNFTs to ERC721
Introducing a convergence fee for buyers who wish to convert
zkNFTs to ERC721s is a strategic move to encourage deeper
engagement and generate additional revenue. This fee not only
supports Taciturn's financial stability but also promotes the
platform's unique offerings, fostering a vibrant marketplace.
Market
Metrices
1. NFT Market Size and Growth Rate
The NFT market has experienced significant growth, starting from $16 billion
USD in 2019 and reaching $21.6 billion by the current year. This growth
trajectory indicates a rapidly expanding market with substantial potential for
further expansion. The market size for our proposed NFT marketplace remains
undetermined but is anticipated to be in the billions of dollars, given the overall
market's scale and the increasing interest in NFTs across various sectors,
including gaming, entertainment, and finance.

2.Top Players in the NFT Marketplace


The top three marketplaces in the NFT space are OpenSea, Axie Infinity, and
Larva Labs. OpenSea stands out by accounting for approximately $13.3 billion
USD in transactions, highlighting its dominance in the market
3. Strategies for Capturing the Market
Size
Global Targeting: By targeting customers globally, we aim to
tap into the vast international interest in NFTs. This approach
leverages the global nature of the internet and the
decentralized blockchain technology underlying NFTs .
Competitive Transaction Fees: Offering minimal transaction
fees, such as 1.5%, positions our marketplace competitively
against others like OpenSea, which charges 2.5% per
transaction. Lower fees can attract more users and transactions,
contributing to higher volumes and profitability .
zk Proofs Innovation: Being the first marketplace to utilize zk
proofs enhances privacy and security, a critical aspect for many
NFT buyers and sellers. This innovation sets us apart from
competitors and could lead to acquiring a significant market
Marketing
Strategy
1.Discord Servers
By making the Discord server accessible to all members, Taciturn fosters an
inclusive atmosphere that encourages active participation. Channel segmentation
allows for targeted discussions and interactions, keeping the community engaged
with high-quality content, including artwork and project updates. Adhering to
community guidelines, maintaining consistent branding, and engaging
proactively with members are key to enhancing the user experience

2. Blogging
This approach not only educates readers about NFTs and Taciturn's unique
offerings but also positions Taciturn as a thought leader in the NFT space.
By regularly publishing blog posts that cater to different stages of the
reader's buying journey, Taciturn can attract organic traffic and establish
itself as a reliable source of information for those interested in NFTs
3. Visiting and promoting at web3
meetups and hack-a-thons
To effectively market Taciturn at Web 3 events and hackathons, We
will majorily focus on creating a standout presence that showcases
the innovative and unique aspects of Taciturn's NFT offerings. Also
we will Engage attendees with interactive demonstrations,
emphasizing the benefits of participating in the NFT space through
Taciturn. Secure prime booth locations and speaking slots to present
Taciturn's vision and mission to a broad audience. Host workshops or
panels that delve into the future of NFTs and how Taciturn is shaping
this landscape, inviting speakers who can share insights and
experiences.
Future Plans
and Goals
• Cross-Chain Compatibility: Taciturn plans to extend its platform's reach by becoming
compatible with every major blockchain network. This initiative aims to broaden our user
base and facilitate easier transactions across different ecosystems.

• Zero-Knowledge proof locker : Working to make a de-centralized mechanism for


storing all the zero-knowledge proofs associated with a user.

• Custom zk-Based Chain: We're developing a specialized zk-based chain using


Substrate, designed exclusively for Taciturn. This unique blockchain will leverage zk-
SNARKs for unmatched privacy and security in NFT transactions, setting a new standard in
the industry.

• Bridge Integration: Taciturn will implement bridges that enable the transfer of
converted ERC721 NFTs to any platform. This feature enhances our platform's flexibility
and interoperability, allowing users to seamlessly interact with a variety of blockchain
environments.

• Creator Subscription Model: In the future, Taciturn intends to introduce a creator


subscription model. This approach will not only generate additional revenue but also
empower creators with exclusive features and resources, fostering a supportive and
collaborative community.
A platform where art transcends the artist

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