PLANTY

Our platform is a rare plant investment ecosystem that bridges the gap between skilled plant managers and investors, leveraging blockchain technology to tokenize rare plants and make them accessible for fractional investment.

Problem: The rare plant market is highly profitable, with plants selling for millions of dollars and annual ROI reaching 200-300% under optimal growth conditions. However, this market faces key barriers: Plant Managers: Skilled individuals who can cultivate rare plants often face high initial costs for purchasing mother plants and setting up environments. Investors: Interested parties lack the expertise to grow expensive plants and are reluctant to take the risk of failure.

Solution: Allowing plant managers to list plants for funding, covering the costs of plant purchases and environmental setups. Enabling investors to buy fractional ownership of plants through tokenized assets, benefiting from the plant’s growth without needing expertise. Providing transparent real-time updates on plant growth using IoT devices, such as hygrometers, and regular updates from plant managers.

How It Works: Investment Proposal: Certified plant managers upload plant details and an investment proposal (e.g., initial costs, plant type). Tokenization: The platform tokenizes the rare plant, and investors participate in a public token sale. Growth Tracking: Plant managers update growth data, while IoT devices provide real-time environmental data to investors.

This project integrates several cutting-edge technologies to create a seamless rare plant investment platform. We use Web3Auth for easy and secure user authentication, and Flow blockchain for efficient and scalable tokenization of rare plants. To ensure data integrity and transparency, we leverage Chainlink to connect IoT hygrometers, which monitor plant conditions in real-time (e.g., humidity, temperature). These updates are periodically sent to the blockchain for investors to access. We also utilize Sign Protocol and Lit Protocol to enable secure transactions and data encryption. The platform integrates Rootstock for its compatibility with Bitcoin smart contracts and Morph for showcasing and trading tokenized plants. This combination ensures a robust and user-friendly system, blending IoT data with blockchain innovation.