- Introduction
- Overall Description
- System Features & Functional Requirements
- External Interface Requirements
- Non-Functional Requirements
- Other Requirements
- Appendices
This Software Requirements Specification (SRS) defines the functional and non-functional requirements for Fiotech NFT, a comprehensive Non-Fungible Token (NFT) marketplace and creation platform built on the Fiotech network. The platform enables users to create, buy, sell, and trade NFTs while providing advanced features for creators and collectors.
- NFT marketplace with advanced trading features
- NFT creation tools for artists and creators
- Collection management and curation systems
- Auction and bidding mechanisms
- Royalty management for creators
- Integration with Fiotech ecosystem and external platforms
- Social features for community building
Note: Fiotech NFT focuses on empowering creators while providing a seamless experience for collectors and traders.
| Term |
Definition |
| NFT |
Non-Fungible Token - unique digital asset on blockchain |
| ERC-721 |
Standard for non-fungible tokens on Ethereum-compatible blockchains |
| ERC-1155 |
Multi-token standard supporting both fungible and non-fungible |
| Marketplace |
Platform for buying, selling, and trading NFTs |
| Royalty |
Percentage of sales that goes back to the original creator |
| Collection |
Group of related NFTs by the same creator or theme |
| Metadata |
Additional information about an NFT (description, attributes) |
| IPFS |
InterPlanetary File System for decentralized storage |
- IEEE Std 830-1998 – Recommended Practice for SRS
- ERC-721 Non-Fungible Token Standard
- ERC-1155 Multi Token Standard
- Fiotech Technical Specification v1.0
- Fiotech Token Creator Technical Specification v1.0
Fiotech NFT serves as the premier NFT platform for the Fiotech ecosystem:
- Creator-Focused Platform with powerful creation and monetization tools
- Advanced Marketplace with sophisticated trading features
- Community Hub for artists, collectors, and enthusiasts
- Ecosystem Integration with other Fiotech services
- Cross-chain Compatibility for broader NFT ecosystem access
- Innovation Lab for emerging NFT use cases and technologies
- NFT Creation – No-code NFT minting with metadata management
- Marketplace Trading – Buy, sell, and auction NFTs with advanced features
- Collection Management – Create and manage NFT collections
- Social Features – Follow artists, like NFTs, and build community
- Analytics & Insights – Market data and portfolio tracking
- Creator Tools – Advanced tools for professional artists and brands
- DeFi Integration – NFT lending, staking, and fractionalization
| ID |
Requirement |
Priority |
| FR-1 |
No-code NFT creation with drag-and-drop interface |
Must |
| FR-2 |
Support for multiple file formats (image, video, audio, 3D) |
Must |
| FR-3 |
Metadata editing and attribute management |
Must |
| FR-4 |
Batch minting for large collections |
Should |
| FR-5 |
Generative art tools and random attribute assignment |
Could |
- FR-6: Fixed price sales with instant purchase
- FR-7: Auction system with English and Dutch auction types
- FR-8: Offer and counter-offer negotiation system
- FR-9: Bundle sales for multiple NFTs
- FR-10: Advanced search and filtering capabilities
| ID |
Requirement |
Priority |
| FR-11 |
Collection creation with branding and metadata |
Must |
| FR-12 |
Verified collection system with blue checkmarks |
Should |
| FR-13 |
Collection analytics and performance metrics |
Should |
| FR-14 |
Collaborative collections with multiple creators |
Could |
| FR-15 |
Collection-wide royalty and revenue sharing |
Should |
- FR-16: Integration with FTC Wallet and major wallets
- FR-17: Multi-currency support (FTC, 1USD, ETH, USDC)
- FR-18: Gas-optimized smart contracts for trading
- FR-19: Transaction history and portfolio tracking
- FR-20: Escrow system for secure high-value transactions
| ID |
Requirement |
Priority |
| FR-21 |
User profiles with customizable showcases |
Must |
| FR-22 |
Follow system for artists and collectors |
Should |
| FR-23 |
Like, comment, and share functionality |
Should |
| FR-24 |
Community challenges and contests |
Could |
| FR-25 |
Integration with social media platforms |
Should |
- Web Marketplace: Full-featured responsive web application
- Mobile App: iOS and Android apps with core functionality
- Creator Dashboard: Advanced tools for professional creators
- Analytics Dashboard: Market insights and portfolio management
- Fiotech Integration: Native support with optimized gas costs
- Multi-chain Support: Ethereum, Polygon, BSC bridge integration
- Smart Contract Interaction: Direct contract calls and batch operations
- Wallet Integration: Support for all major Web3 wallets
- IPFS Integration: Decentralized storage for NFT metadata and media
- CDN Services: Fast global content delivery for media files
- Backup Storage: Redundant storage systems for data protection
- Media Processing: Automatic optimization and format conversion
| Category |
Requirement |
Metric |
| Performance |
Page load time ≤ 2s; search results ≤ 1s |
P95 |
| Availability |
99.9% uptime with graceful degradation |
SLA |
| Scalability |
Support 1M+ NFTs and 100K+ concurrent users |
Load Test |
| Security |
Secure smart contracts and user data protection |
Audit |
| Usability |
≤ 5 clicks to mint and list an NFT |
UX Testing |
| Compatibility |
Support all major browsers and mobile devices |
Testing |
- Royalty system with configurable percentages
- Creator verification program with benefits
- Revenue analytics and payout automation
- Marketing tools for promotion and discovery
- Copyright protection tools and DMCA compliance
- Terms of service enforcement and dispute resolution
- Tax reporting features for creators and collectors
- Regional compliance with applicable regulations
- Programmable NFTs with dynamic properties
- NFT staking and yield generation
- Fractionalization for high-value NFTs
- Metaverse integration for virtual world compatibility
| Category |
Sub-categories |
Special Features |
| Art |
Digital Art, Photography, AI Art |
High-resolution display |
| Gaming |
Characters, Items, Land, Cards |
In-game utility integration |
| Music |
Songs, Albums, Concert Tickets |
Audio player and streaming |
| Video |
Short Films, Animations, Memes |
Video player and thumbnails |
| Collectibles |
Trading Cards, Sports, Memorabilia |
Rarity scoring and grading |
| Utility |
Memberships, Access Tokens, Domains |
Smart contract integration |
| Transaction Type |
Platform Fee |
Creator Royalty |
Gas Optimization |
| Minting |
0% |
N/A |
Batch processing |
| Primary Sales |
2.5% |
Set by creator |
Lazy minting |
| Secondary Sales |
2.5% |
Set by creator |
Gas subsidies |
| Auctions |
2.5% |
Set by creator |
Auto-settlement |
| Tier Level |
Requirements |
Benefits |
| Basic |
Email verification, basic KYC |
Standard marketplace access |
| Verified |
Portfolio review, social proof |
Blue checkmark, featured listing |
| Premium |
High volume, community standing |
Lower fees, priority support |
| Partner |
Partnership agreement |
Custom features, revenue share |
| Component |
Technology Stack |
Scalability Target |
| Frontend |
React, Next.js, Web3.js |
100K concurrent users |
| Backend |
Node.js, PostgreSQL |
1M API requests/hour |
| Blockchain |
Solidity, Hardhat |
10K transactions/day |
| Storage |
IPFS, AWS S3, CDN |
100TB+ media storage |
| Search |
Elasticsearch, Redis |
Sub-second search results |
