Novilized

Overview:

-Introduces a blockchain-based marketplace for tokenized real estate -Built on the Flow Blockchain for scalability, low transaction fees, and strong developer support -Central innovation is the Goodwill Way, a model that benefits both buyers and sellers

How Goodwill Works:

-Buyers receive a 10 percent discount when purchasing property -Sellers retain a 10 percent equity claim on the first resale only -On the first resale, the seller receives their 10 percent share, and ownership fully transfers to the new buyer -After the first resale, the property can be freely traded without obligations -Aligns incentives by lowering entry barriers for buyers while providing a one-time benefit to sellers

Platform Features:

-Marketplace for listing, buying, and selling tokenized real estate under the Goodwill model -Portfolio view for tracking owned properties, listings, and resale opportunities -Smart contracts enforce Goodwill rules and handle payments securely -All transactions are recorded on-chain for transparency, trust, and verifiable ownership -User-friendly interface designed for both blockchain-native and traditional users

Vision and Impact:

-Creates a fairer and more inclusive real estate ecosystem -Lowers barriers to property ownership while rewarding early sellers -Represents a future-ready model for tokenized assets with accessibility, transparency, and fairness

Frontend

Next.js: Serves as the primary framework for the frontend, offering server-side rendering and static site generation for improved performance and SEO. It allows modular, scalable development with React while efficiently handling routing, API integrations, and dynamic content.

Tailwind CSS: A utility-first CSS framework used to rapidly design responsive and visually consistent interfaces. It enables building highly customizable UI components without writing large amounts of custom CSS, ensuring a modern and mobile-friendly user experience.

Smart Contracts and Blockchain

Solidity: The programming language for writing smart contracts on EVM-compatible blockchains. Solidity allows the creation of decentralized applications with programmable ownership, transactions, and automated logic.

Hardhat: A development environment for Ethereum that simplifies smart contract compilation, testing, deployment, and debugging. Hardhat provides a local blockchain network for development and integrates seamlessly with testing frameworks.

Flow Blockchain: The primary blockchain used for tokenized real estate in this project. Flow is chosen for its scalability, low transaction fees, and strong developer ecosystem. It enables fast, secure, and transparent transactions and ownership tracking.

Web3.js: A JavaScript library that allows interaction with the blockchain from the frontend. It is used to call smart contract functions, send transactions, and fetch blockchain data in real-time.

Decentralized Storage

IPFS (InterPlanetary File System): A decentralized storage solution used to store documents, metadata, and media files for the tokenized assets. IPFS ensures data immutability, availability, and censorship resistance, making it ideal for storing property documents off-chain while linking them securely on-chain.

Development Tools and Protocols

SelfProtocol: Used to manage identity verification, authentication, or specialized blockchain interactions for users, enabling secure onboarding and wallet integration.

Ngrok: A tunneling tool used during development to expose the local server to the internet for testing, collaboration, or webhook integration