HyprStark
HyprStark is designed to revolutionize how NFTs are created and valued by integrating social engagement dynamics into the NFT ecosystem. By tying NFT prices to user interactions, it fosters creativity, community engagement, and a vibrant marketplace for digital assets.
Project Description
HyprStark is a social NFT platform where every uploaded image is minted as an NFT on the blockchain. It combines the features of a social media platform with a dynamic NFT marketplace, enabling users to interact with NFTs through likes, comments, and views. The platform dynamically adjusts NFT prices based on engagement metrics, creating a unique and interactive experience for users.
How it's Made
Frontend: React : For modern styling with dark mode support. Backend: Express.js, Prisma ORM with PostgreSQL (for engagement tracking, dynamic pricing updates, and NFT price data batching). Cairo smart Contract for integration with StarkNet for blockchain interactions.
Dynamic Pricing Algorithm:
Likes increase the price by 1%, comments by 5%, and views by 0.1%.
Prices are capped at 3x the base price to prevent runaway inflation.
Smart Contracts:
Functions for minting NFTs (mint), updating prices (set_price), and transferring ownership (buy_NFT).
