The idea behind META Z was to revolutionize the sneaker resale market by building a blockchain-powered solution on Polygon that offers affordable, fast transactions and instant payouts with low gas fees. The platform needed to make it easier to trade while cutting down on transaction costs and getting rid of the physical processes that are usually involved in trading sneakers. The goal was to make it easier and cheaper for people to buy and sell sneakers online, providing them innovative automated services such as Custody and Redeem.
The platform shall support wallet integration with MetaMask, WalletConnect, and Coinbase, enabling users to seamlessly register, log in, and log out automatically. This function ensures users have secure and efficient access to the META Z ecosystem, with all interactions safeguarded by their chosen wallet, reducing the need for complex account setups.
META Z shall allow users to mint NFTs representing sneakers, collectibles, and artwork securely held in META Z's custody. Users shall also be able to exchange these NFTs within the platform, making it a versatile marketplace for various crypto assets. This functionality underpins META Z’s core service, providing a seamless transition from physical to digital ownership.
Users shall have the capability to personalize their profiles, including editing their nickname, avatar, and links to social profiles. The ability to follow other users, view profiles, and establish a verified statement of membership are significant features that foster community engagement and enhance user interaction.
The platform should provide a robust activity tracking system, where users can view their own and others' activities, subscriptions, and notifications. An indicator for new notifications shall be available, along with search, filter, and sort options for tokens, ensuring users can easily navigate the platform and stay updated on their interactions.
Users shall have the ability to place bids on artworks and collectibles via a Dutch auction model. This exclusive feature for non-sneaker items adds value to the platform by creating a competitive marketplace and engaging users in diverse asset categories.
METAZ shall support payments for sneaker NFTs solely with USDC on the ERC-1155 standard, providing a stable and efficient currency option within the Polygon network. By using USDC, META Z ensures users experience predictable, cost-effective transactions in a secure environment.
Users shall have the capability to change token data, such as updating prices or listing tokens for sale or auction. This feature provides flexibility in asset management, empowering users to take control of their digital assets’ visibility and availability in the marketplace.
A significant feature of META Z is the ability for users to interact with tokens by liking them, buying them, and transferring them freely. These options provide a dynamic trading and social engagement experience, allowing users to express preferences, acquire assets, and share them without fees.
The main page shall demonstrate trending tokens, showcasing popular and high-activity assets. This feature enhances user engagement by highlighting marketplace trends, encouraging exploration, and drawing attention to in-demand collectibles.
A user role system shall control access to specific functions, with administrators having CRUD rights (Create, Read, Update, Delete) and maintenance roles having CRU rights (Create, Read, Update). This structure is crucial for maintaining platform security and organized functionality, ensuring that only authorized users can perform sensitive operations.
Administrators shall have exclusive access to create tokens and collections, especially supporting the ERC-1155 standard for “multiple collectible” creation. These pages will include fields for setting prices, royalties, and supply, with an option to upload content and toggle unlockable content. This advanced functionality allows secure, customizable NFT creation, reinforcing METAZ’s commitment to offering professional-grade tools.
The platform shall support Polygon as its primary network, utilizing POL (ex MATIC) for network fees and USDC as the main payment currency. This configuration ensures low-cost, fast transactions, making META Z an attractive choice for users seeking affordable and efficient blockchain transactions.
The redeem & custody function allows users to seamlessly exchange their NFTs for physical items and vice versa, enabling the digital representation of RWA in a secure, verifiable manner. This feature is critical to METAZ’s value, offering users flexibility in managing and redeeming their assets.
The Claimable NFT feature enables users to redeem NFTs in the “ArtZ” and “CollectibleZ” categories for their corresponding physical items. To initiate a claim, users provide delivery details and transfer their NFT to a platform-controlled address. Administrators verify the request, coordinate the delivery, and, once complete, burn the NFT to finalize the exchange. This process ensures secure, reliable NFT-to-physical transactions, with clear status updates to enhance user confidence and transparency.
The META Z platform development process presented a number of unique challenges, largely due to the intricate blend of NFTs, e-commerce, and logistics operations that had to be integrated to deliver a seamless and user-friendly experience.
To overcome these challenges, our team leveraged a combination of technical expertise, strategic use of technology, and agile problem-solving skills:
Streamlined Parcel-to-NFT Workflow: Leveraging our team’s adaptability, we developed workflows that efficiently handled multiple stages of parcel processing, data verification, and NFT creation, allowing META Z to bridge the digital and physical worlds seamlessly. Our expertise in blockchain development, user experience design, and ability to rapidly understand and adapt to the specific needs of your business has enabled us to bring this feature to life.
The launch of META Z was met with significant success, achieving high user adoption and engagement rates among both blockchain newcomers and experienced collectors. The platform’s user-friendly interface and streamlined onboarding attracted a loyal community of sneakerheads and NFT enthusiasts, quickly establishing META Z as a go-to destination for trading sneaker NFTs.
Debuted at NFT NYC 2023, META Z attracted $1 million in Series A investment from Pinewood Capital. It was recognised as a perfect example of an NFT application and got so much attention that we ended up talking with a number of VCs and investors after the event.
META Z is one of the top names in combining NFTs and e-commerce. They're setting new standards for how NFTs can be used and showing what's possible in the sneaker industry. Its debut at NFT NYC 2023 generated substantial industry buzz, with METAZ hailed as a perfect example of real-world NFT application.
This widespread recognition puts METAZ in a great position to show other brands how to combine physical products and digital assets. With META Z, we demonstrated our team’s ability to craft transformative solutions that captivate audiences and drive new business models. That's how we're making sure META Z is a leader in the NFT ecosystem.
