Trove is a digital asset trade management tool allowing users to swap NFTs and various tokens efficiently and securely. The platform removes the need for intermediaries, providing a trustless experience with simplicity and efficiency.
- Overview
- History
- Early Experiments on Olympia Mainnet
- Recognition at RadFi2022 Creative Competition
- Collaborative Projects
- Diving into Smart Contracts with Scrypto 101
- Introduction of Trove
- Role of Radix in Web3 Development
- Features
- Why build on Radix?
- Benefits of Building on Radix
- Trove in Action: A User's Guide
- Founder: Ripsource
- Background
Overview
Building Trove on Radix offers benefits like fewer deal size constraints, clear transaction manifests, low transaction fees, and inherent scalability. The platform emphasizes secure and direct user-to-user trades and eliminates the need for intermediaries or drawn-out escrow processes. Trove is noted for its simplicity and efficiency, being built with less than 300 lines of Scrypto code. Key features of Trove include:
- Platform for Managing and Advertising Digital Assets Trades: Offers an effortless and secure medium for managing swaps of digital assets.
- Scalable and Efficient: Crafted with less than 300 lines of Scrypto code, unparalleled if built on platforms like Ethereum or Polygon.
- Reduced Deal Size Constraints, Minimal Gas Fees, Transaction Manifest, and More: Allows users to potentially transact hundreds or even thousands of assets in one go, with low transaction fees and unparalleled clarity and assurance.
History
Early Experiments on Olympia Mainnet
The Olympia mainnet on Radix was the initial platform of choice for @ripsource's experiments. The first project, named "Rippy", was a parody of the Radix assistant, hosted on a rudimentary website designed with basic HTML, CSS, and segments of copied JavaScript. This early iteration was plagued by slow load times, with pages often taking up to 15 seconds to load.
Recognition at RadFi2022 Creative Competition
Transitioning from a personal hobby, @ripsource's work began to gain external acknowledgment. This recognition was highlighted by the win at the RadFi2022 Creative Competition held by @radixdlt. The victory resulted in increased attention, leading to a larger audience discovering the project.
Collaborative Projects
The post-competition period saw @ripsource collaborating with other teams within the decentralized application community. One notable partnership was the development of a collection website for @PenguinsXRD, available at http://collection.radicalpenguins.com.
Diving into Smart Contracts with Scrypto 101
A pivotal phase in @ripsource's journey was enrollment in Radix’s Scrypto 101 course. The structured modules within this course enabled @ripsource to transition from having no knowledge of smart contract creation to launching an NFT-based retro arcade game on RCNet V1.
Introduction of Trove
Utilizing the skills and knowledge accumulated, @ripsource conceptualized Trove. The primary objective of Trove was to offer a solution to the Radix community, allowing for a secure and trustless mechanism for users to manage and swap assets.
Role of Radix in Web3 Development
The development and success of Trove highlighted Radix's potential in simplifying the traditionally complex aspects of dApp and smart contract creation. With its user-friendly tools and platforms, Radix aims to make #web3 more accessible to a broader range of users and potential developers.
Features
- Singular or Bundle Trades: Trade NFTs, a bundle of NFTs, or various tokens in consolidated deals.
- Scalable and Efficient: Crafted with less than 300 lines of Scrypto code, outperforming similar platforms like Ethereum or Polygon.
Why build on Radix?
Radix's native asset handling and inherent scalability enable Trove to offer reduced deal size constraints, minimal gas fees, and transaction manifests, making trades on Trove frictionless.
Benefits of Building on Radix
- Reduced Deal Size Constraints: Potentially transact hundreds or thousands of assets in one go.
- Minimal Gas Fees: Low transaction fees as compared to networks like Ethereum.
- Inherent Scalability: Managed effortlessly by the Radix Engine.
Trove in Action: A User's Guide
The platform’s usability can be summarized through a scenario of Alice and Bob trading NFTs:
Trade Proposal Creation
- Alice sets up a Trade Proposal on Trove.
- Specifies the NFTs and tokens to be traded.
- Trade proposal is created, and Alice receives an NFT badge with details.
Trade Acceptance
- Bob joins the trade using Alice's code.
- Verifies and accepts the trade.
Trade Completion
- Alice authorizes the release of new NFTs and tokens.
- Trade is completed in a single transaction.
Founder: Ripsource
Ripsource is Trove's sole founder and developer. He transitioned into dApp development on Radix and designed Trove to foster Radix's unique bartering culture.
Background
- Finance and Renewable Energy Engineering: Ripsource's original background.
- Radix Development: A significant creative outlet, growing expertise in Scrypto.
- Future Prospects: Driven by opportunities in the Radix community, Ripsource hopes to commit full-time.