here you can study the general points about the DAO ENVELOP (and token NIFTSY)
Envelop is a multichain protocol (and/or oracle, and/or index) to use wrapped NFT as a storage for cryptocurrencies or / and other NFTs. It sets unique settings for wrapped NFTs. For example, add royalties, replenish the collateral with transaction fees, or add time locks for deposited assets.
It depends on the blockchain used for NFT minting. If NFT is minted on Ethereum, ETH and other ERC-20 tokens from the whitelist can be deposited. NFTs minted on BNB chain can be equipped with BNB and other BEP - 20 tokens from the whitelist. Polygon minted NFT is applicable for Matic and other Polygon tokens deposits.
Envelop protocol is deployed on:
- EVM: Ethereum, Binance Smart Chain (BNB Chain), Polygon (Matic), Harmony, Aurora, Arbitrum, OKXchain;
- NON-EVM: WAX, Zilliqa, Near;
- Testnets: BSC testnet, Goerli, GateChain (testnet), OkxChain (testnet), Aurora (testnet);
- More block chains like: Aptos, ZkSync, are coming soon.
Envelop emitted its token named NIFTSY. It has been launched on 4 blockchains: Ethereum, BSC, Polygon and Arbitrum.
Yes, you can add cryptocurrencies/tokens at any time.
The original NFT is received by the current owner of the wrapped NFT after it is unwrapped.
No. All tokens, once added to the wrapped NFT, are stored at the protocol contract address. Withdrawing of these tokens is a part of unwrapping operation only.
The original NFT takes possession of the Protocol contract. Instead, the owner receives the wrapped NFT.
Yes, a wrapped NFT is an ERC-721 / ERC-1155 and all methods for this standard are applicable to it.
The order will not be executed because the original NFT will belong to the Protocol contract.
Wrapped NFT is a regular ERC-721 / ERC-1155 standard. If the platform supports this standard functionality and displays all NFT including wrapped ones. OpenSea does it.
Yes, because it is a normal nft ERC-721 or ERC-1155.
No. The protocol has a tokenURI method which, for a wrapped nft, returns the result of the same method but from the original NFT.
Only one NFT could be wrapped into one wrapped NFT. But non-fungible tokens could be added as a collateral into the wrapped NFT (If a user sales a wrapped NFT containing a Collateral).
No. For only the current holder/owner of the wrapped nft disposes of the collateral.
It's the NFT token that gets wrapped (not the collection).
Any ERC-721/1155 token can be wrapped.
After the wrapping, the user has only wrapped NFT on its balance.
These lists are only managed by the owner of the Protocol contract (the project team).
No. Technically, This action is done quickly. Another thing is to reach an agreement with the team about it.
There are needs to unlock the assets of the wrapped NFT depending on the time period and or some event occurs. Two parties agree that they "freeze" the assets in collateral of the wrapped NFT until some event occurs. Or the parties are not going to use the locked assets till the particular date.