NFTBomb: One-stop non-standard asset on-chain liquidity service platform
NFT links art value
NFT is becoming a hot trend this year. So far, NFT tokens are the only non-homogeneous tokens that link real non-standard assets because of their uniqueness and can give the value for the copyright of collectibles and virtual assets, as well as the circulation. Assets tokenized by NFT technology have unique intellectual property rights, unique hash values while their value will always be stored on the blockchain.
In March of this year, after 14 days of online bidding for a pair of 5,000 photos combined with NFT encryption technology, the hammer was finally dropped at US$60.25 million, and it was sold at a price of US$69.3 million (about 450 million yuan) with a commission, which has created a new record for NFT art. This also makes the artist Beeple to be one of the three most expensive living artists second only to David Hockney and Jeff Koons.
What is NFTBomb?
NFTBomb is a platform that links the liquidity of real non-standard assets, including artworks, music copyrights and other assets with non-homogeneous value listed on the chain, and transfers NFT assets to the value of tokens via the INO model, and quickly circulate in the secondary market. Furthermore, it promotes the value circulation of collectibles in a low-threshold way, and builds the derivative ecology of NFT assets through loan and other methods, etc. NFTBomb is a one-stop service platform that integrates NFT asset issuance, auction and trading.
The super core of NFTBomb- NFT’s INO distribution model
For the current NFT projects, most of the projects provide the service of listing NFT assets on the chain and offering auctions so that to endow the artwork and tap the potential value of the artist. However, the circulation of value still has limitations as the income of the artwork must be realized in multiple auctions, also, most of the collectibles are very expensive so the threshold for ordinary users to participate is still very high. Based on such situation, NFTBomb finds a solution from the LPtoken of UNISWAP V3. For NFT assets worth millions of dollars, NFTBomb will lock them on the chain through the INO contract and issue NFT vitality tokens. After the contract is successful, users will obtain partial ownership of NFT assets in the form of Ki according to the proportion of participating in crowd auctions. And the artwork was auctioned and fragmented in the process of INO, which greatly reduces the collection threshold of digital collections. Users can buy favorite artworks with only one dollar, and these fragmented Ki can be quickly circulated and traded in the secondary market, allowing the value of the art work is more liquid so that to avoid the defect of nominal price.
NFTBomb supports buyout invitations. Any user who wants to obtain a complete NFT needs to invite and purchase of the remaining Ki. Firstly, the user needs to set a higher price than the market and mortgage the Ki that he already has, and then inject the needed funs to purchase the remaining Ki. After the invitation is initiated, the remaining Ki holders need to vote. If the negative vote is less than 30%, the acquisition will be completed, the ownership of the NFT will be transferred and all Ki will be destroyed.
Applicated ecologies of NFTBomb
NFTBomb has built a complete application ecology based on NFT. The NFT asset can be used for defi lending, providing Ki liquidity and hunting of NFT after the NFT asset completed transaction with INO model.
The combination of NFT and DEFI is an inevitable trend of development, and NFT-related financial derivatives were born. NFTBomb combines the financial attributes of NFT assets and market demand and lauches a loan mortgage service. And risk control is carried out by way of over-collateralization according to the pricing of NFT assets in the INO market to match the borrower and the lender. After both parties confirm the loan amount, interest and repayment method, it will be deposited into the smart contract. During the mortgage period, the NFT assets are in a locked state, and the lock will be released after liquidation or repayment. NFTB rewards can be obtained in the pledge state. At the same time, NFTBomb introduces third-party insurance to customize reasonable insurance policies for both borrowers and lenders to protect the interests of both parties.
In terms of Ki liquidity, NFTBomb launched Kidex, a decentralized exchange for the flow of NFT assets. The Ki is a unique circulation NFT asset after the first INO, which is homogenized and can be freely traded on the Kidex decentralized exchange. The fragmentation of NFT assets indicates that non-standard assets can also circulate quickly in the trading market, which not only promotes the value circulation of NFT assets, but also improves their financial attributes. NFT assets introduce new models of synthetic assets to give birth to the financial derivatives ecology of NFT assets at different stages of INO. The Ki assets generated through synthetic assets can also be circulated and exchanged in KiDEX.
As for the Hunting section of NFTBomb, it aims to the search and anchoring of NFT assets in the market. It does not rely too much on personal IP but selects interest assets based on NFT’s hot assets and users’ votes, and the selected NFT asset can directly conduct INO in NFTBomb and circulate in Kidex quickly. In the Hunting sector, users can collect and participate in NFT original casting. It also introduces AI intelligent algorithms to automatically present the users’ favorite NFT works like TikTok.
NFTBomb adopts the method of community autonomy. The Ecological Development Committee (DAO organization) will be established after the project is formed, and most of the management rights of the project will be transferred to the DAO organization. NFTBomb will select 15 committee members through voting and contribution. And they will be responsible for the implementation, supervision, management, and operation of the project ecology, any member can initiate a proposal for the development of the project and determine whether to implement it by voting. The Ecological Development Committee will analyze the proposal and decide whether to implement it according to the vote, then review and publicize the final results.
NFTBomb is a brand-new trading platform for NFT asset issuance and crowd auction, pioneered the first INO distribution model, which fragments expensive NFT collectibles, splits and circulates non-standard assets in a homogenous manner, reduces user participation thresholds, and circulate in Kidex in the form of Ki to promote the value flow of NFT assets. Also, NFTBomb launched a loan mortgage section, which greatly improved the financial attributes of NFT assets. NFTBomb is a DEFI platform that connects real non-standard assets and delivers its value.