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<h2>IDEA :</h2>DENDIE is a revolutionary DApp empowering indie creators to effortlessly forge NFTs, facilitating the sale and financing of their work which can encompass ebooks, music, films, and more. Dendie endeavors to address the current challenges faced by creators. The existing solutions, such as monopolistic platforms like Kindle Direct Publishing, often impose royalties as high as 30-70%, which are not fully beneficial for creators. Likewise, in terms of funding, there is still no digital platform capable of solving this issue.  Dendie is empowered with the following exceptional features : <h3>Transparent Sales Tracking </h3>Blockchain technology and also for NFT (Non Fungible Token) enables indie creators to accurately track the number of their digital works sold, providing transparency and assurance to both creators and buyers. With every transaction securely recorded on the blockchain as NFT, creators can have a clear record of their sales and revenue, eliminating any ambiguity or uncertainty. <h3>Direct Royalty Payments</h3>The conventional solutions supporting independent creators like Kindle Direct Publishing currently provide royalty payments 60-90 days after the end of the month, which certainly poses challenges for independent creators in need of immediate income. Utilizing smart contract technology, we can transparently arrange for creators to receive Direct Royalty Payments, ensuring timely compensation. <h3>Secondary Digital Marketplace that benefits creators through ERC-2981</h3>In the real world, one solution for purchasing items more affordably is by buying secondary versions, yet in the digital realm, purchasing secondary items is often considered illegal and impractical. NFTs solve this problem by ensuring that assets are transferred from seller to buyer via blockchain technology. Even more impressively, with the technology proposed in ERC 2981, we can create a secondary marketplace that still provides royalties to creators for each secondary NFT work sold, something that is even challenging to achieve in the real world. <h3>Funding with Fractional NFT (ERC-404)</h3>One of the challenges for indie creators is obtaining funding. Only possible on the blockchain, we can construct a revenue-sharing system between creators and investors that operates automatically via smart contracts. Each sold NFT from the creator work (ERC-1155-based) can be instantly distributed to both creators and investors holding ERC-404 NFTs as proof of ownership and funding. Note : At present, smart contracts based on ERC-404 serve as a narrative for fractionalized NFTs and have not yet become an official ERC standard. It is certainly possible to utilize other technologies that enable fractionalized NFTs <h3><img src="https://res.cloudinary.com/travary/image/upload/w_800/v1/prd-akindo-public/communities/description-images/ENq0NzJw0Tkja7mm.png" /></h3><h2> </h2><h2>Technology : </h2> EVM Compatible Chain and SolidityCan run on blockchains that support EVM (Ethereum Virtual Machine) technology ERC-1155NFT based on ERC-1155 is used as item-gated from creator's work ERC-2981ERC-2981 is utilized to build a secondary marketplace that still provides royalties to creators ERC-404ERC-404 or any Fractional NFT Technology is used to divide revenue between creators and investors from each sold ERC-1155 NFT. Web Development Tools for EVM Tools like Hardhat, ethers.js, and web3.js are used to build web interfaces and user-facing frontend based on the web <h2>Twitter Post : </h2><a href="https://x.com/ridhoizzulhaq_/status/1774255227149119561?s=20" rel="noreferrer" target="_blank">https://x.com/ridhoizzulhaq_/status/1774255227149119561?s=20</a>

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revolutionary DApp empowering indie author effortlessly forge NFTs, facilitating the saleof their work which can encompass ebooks, The existing solutions, such as monopolistic platforms like Kindle Direct Publishing, often impose royalties as high as 30-70%, which are not fully beneficial for creators.

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ridhoizzulhaq

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