The main hypostases and parts of the Project
The Project as a whole acts as:
- 1.A cross-chain aggregator of liquidity wrapped in NFT of any order;
- 2.A formalizer for valuation of assets within NFTs of any level of complexity;
- 3.An automatic anti-fraud system for the NFT market and related industries;
In doing so, the Protocol:
- 1.Helps wrap and unwrap assets;
- 2.Templates the NFT creation process for platforms (marketplaces, exchanges, etc.);
- 3.Sets a minimum valuation for NFT at the expense of the accumulator.
Oracle in turn:
- 1.Creates a scoring system - initial valuation of assets through open data analysis;
- 2.Applies as a classical and/or AI-anti-fraud system, which allows each market participant to manage risk;
- 3.Systematises all positive and negative patterns in the use of NFT of any order.
Finally, Index:
- 1.Becomes one of the first decentralised and collateralised simultaneously market indices for NFT and related assets (synthetic, among others);
- 2.Acts as a selling instrument and the initial unit of exchange;
- 3.Also, the Index verifies Oracle data, preventing manipulation by misrepresentation of information by participants.
Besides these elements, there is Token, which acts as their link: herewith, all three elements (Protocol, Oracle, Index) can be used without Token - independently, but it adds unique functionality to DAO NIFTSY:
- 1.Participation in royalty payments to any actor (subject, script, AI, etc.): payment on any complex transactions in the subject-object model
- 2.WUM mechanics: dynamic part of drive, transaction processing.
- 3.Second- and subsequent-order NFT cross-chain exchange: functions - discount and netting rate.
- 4.Unification of token standards through a single wrapper format.
- 5.Tool for simplification and objectification of derivatives: valuation through turnover / pledge analysis of any tokens.
- 6.Token bonus model in the development of the Project ecosystem: airprops, bounty programmes, etc.
Token is thus a primitive cross-chain transfer mechanism for NFT wrapped assets (liquidity) and serves to reduce transaction costs.