endorsedCompleted

Crypto Prediction Market Web App with NFT Pass and Oracle Integration

Services Covered:

Blockchain Development • Custom Software Development • Website Development

Industry

Information Technology

Duration

3 months

Budget

Confidential

Start Date

1 January 2024

Team Size

6-10 Employees

Engagement Model

Offshore

Project Capability Score (PCS)

78/100

Good

Project Capability Score (PCS) estimates how capable NetSet Software Solutions is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

betfolio

Miami, United States of America

Project Summary

NetSet Software Solutions developed a crypto prediction-market web app that uses smart contracts, tokens, NFTs and an oracle to determine outcomes and distribute funds. They introduced an NFT pass to enable special 'risk free' bets and connected external data to oracle feeds. The team delivered milestones on time with fast testing and revision turnarounds (typically 6–12 hours) and managed the project efficiently.

Key Challenges

Build a workable MVP
Upgrade the MVP to a product-ready platform
Continue development and maintenance of the platform

Project Deliverables

Prediction market web app
Smart contracts to enable bets and distribute winnings
Oracle integration for external data-driven results
NFT pass system to enable risk-free bets and token prize-pool rewards

Project Solution

NetSet built a prediction market web application using smart contracts, tokens and NFTs to enable users to place predictions and receive winnings per programmable rules. They integrated external data via an oracle to trigger smart contracts that determine winners and distribute funds, and implemented an NFT pass to allow special risk-free bets backed by a designated token prize pool. The engagement was staffed by a 6-10 person team and included testing, revisions, and ongoing maintenance.

Project Outcome

Delivered all milestones on time with high-quality results.
Testing and revisions had a quick turnaround (typically 6-12 hours).
Project was managed efficiently with a diverse team including smart contract engineers, designers, and product experts.
High responsiveness and few bug reports, with quick fixes when issues were discovered.

Platforms

Web
Cloud

Tech Stack

Oracle

Client Endorsement

Overall Review Rating

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“NetSet Software Solutions completed each milestone and delivered high-quality results on time. They also impressed the client with their ability to finish tests and revisions within 6-12 hours. Moreover, their team managed the project efficiently and accommodated all requests in a timely manner.”
Tj
CEO
Date: 04/11/2024