2021 Rewind and 2022 Roadmap
What we talked about on our #1 Community Call of the Year!
Hey NFTFY Community!
We have great news for you!
On January 27th, we had our first “Community Call” of 2022, with Leonardo Carvalho (CEO and Co-Founder), Vinicius Vasconcelos (COO and Co-Founder), Lalo Trage (Co-Founder and Business Developer) and Estevão Rizzo (Head of Marketing) as Call Host.
The call was held at Twitter Spaces and the recording is available here.
Rio Innovation Week
The NFTFY team was present in full force and we had three speakers at the biggest innovation and technology event in Latin America.
Besides being a great way to promote NFTFY, we connected to some brilliant minds in the Web3 and NFT ecosystem that should generate good business in the near future.
If you want to know more about the event, follow us on Instagram for details: https://www.instagram.com/nftfyofficial/
2021 Rewind
For the past few months, our team has been focused on developing and improving our marketplace of NFT Fractions, delivering innovative solutions and technologies for the NFT and DeFi ecosystems.
Since our launch in 2021, we have deployed unique smart contracts and kept developing new ones for the Ethereum blockchain.
As a brief recap of what we’ve done so far, here you can find some of the main tools delivered last year:
You can choose between two ways to fractionalize your NFTs: fixed reserve price or via auction method.
A special vault where you can gather multiple NFTs and fractionalize them all at once. An excellent way to increase value and liquidity of several separate pieces or even to sell a collection.
Now it is possible to sell NFTs to a group of people in a very simple and fast way! You choose the one you want to sell, define its target price, and now anyone can participate in the purchase of your NFT, by joining with the amount they want.
Filecoin and ConsenSys Acceleration Program
The highlight of last year was our participation in the Filecoin Launchpad Accelerator Program, powered by Tachyon and ConsenSys: amazing 12 weeks, lots of learning and countless connections made.
2022 Roadmap
With the increasing demands, our team has grown a lot! Today we are already 20 people dedicated to the project. Below, we have some projects already delivered and others that will be delivered soon:
- UX/UI Improvements: To see the changes, go to our website and click on any NFT in the marketplace.
- New Fixed Price Sale Smart Contract: The new contract uses a signature process that doesn’t require the payment of Ethereum fees. Besides that, the user experience is much more intuitive now.
- Multi-Chain: Multi-network support is one of the greatest new feature of our platform! To minimize the problem of the high Ethereum gas fees, we have deployed all of our smart contracts on other blockchain layers, starting with Polygon and BSC, and we will soon have news about Avalanche and Fantom as well.
- Rockpool: You will have the possibility to buy any NFT available on OpenSea through our platform. It will be possible to join a group of friends to create a private pool, or even open a collective pool for anyone to participate in the purchase of an NFT for sale on OpenSea.
And now let’s talk about the main functionality of our protocol:
Fractionalization 2.0 (V2)
V2 will enable users to create a DAO with subscription voting (off-chain). This functionality is like a shared vault, where ownership is proportional to each participant’s fractions.
The system is organized into modules that can be added/removed/updated by governance, and users can develop their own modules if the existing feature serves them perfectly.
Furthermore, the new smart contract allows interaction with any other contract in DeFi, this way then the vault can participate in the ecosystem in the same way as the NFT owner.
The main goal with V2 is to maintain the utility of the NFTs that are inside the vault, allowing people to govern it in the best way possible and create their own DAOs or even investment funds focused on digital assets.
We here at NFTFY believe that this Feature can create a new standard of shared ownership, fully integrated into the Web3 model.
Community Questions:
1- Are you thinking about a respected centralized exchange to list $NFTFY this year or next?
Yes. We have been talking to most well-known exchanges since the end of last year, but we are focusing on strengthening our community first, and then on listing the token on centralized exchanges.
2- When will we have a Marketplace with rewards?
We have designed our Tokenomics so that all platform fees go back to the $NFTFY token holders through a buyback mechanism. But we are still waiting for the implementation of Sidechains and Layer 2 to work, as gas fees have been a problem for users. .
3- When will we have Stake of $NFTFY? And if we have Stake, which Chains will be available?
The Stake Program is designed and our CTO is already working on thi smart contract.
As it is something innovative we will wait before revealing details, but for sure our community will like it, and it will be available in all chains where $NFTFY is available.
4- In this new smart contract to sell fractions at a fixed price, won’t I need to pay Ethereum fees to sell my fractions? Is it already running?
You will only need to pay the blockchain fee to unlock your fractions (as usual). To create the sell order you will only need to sign the transaction with your MetaMask.
5- I am looking forward to fractionalizing NFTs on Polygon and Avax. When will it be ready?
Our development team is working on it right now. Polygon and BSC will be ready in 2 weeks, Avax and Fantom soon, but no fixed date yet, and for Solona the forecast is 1 year.
6- And this RockPool, how does it work?
It’s a feature that allows people to join in a pool to buy any NFT available on OpenSea.
Anyone can invest any amount in NFTs from there, and as soon as the target price is reached, the smart contract will buy the NFT, split it up and distribute it among the buyers in a trustless and decentralized way. From that moment on, the holders have control over what to do with that NFT, and can sell for a higher price or just hold.
7- Will Fractionalization 2.0 allow me to get airdrops linked to my NFT even if it’s fractionalized?
Yes! Our purpose is that NFTs don’t lose its utility. If any airdrop happens the Token Holders can decide what to do. This smart contract is flexible and allows to set any kind of governance.
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Thanks for following our Community Call!
Missions for you, member of our community:
- Keep up with our Social Media: we are going to release a lot of cool stuff soon;
- Join our Community on Telegram and Discord;
- Engage, participate and ask questions! A strong community is the basis of everything!
Official Links: https://beacons.ai/nftfy
