NFT Launchpad

The NFT Launchpad is designed to help artists launch their NFT collections in a way that stabilizes and supports the value of their NFTs over time.

• Token wrapping: When artists mint their NFTs on the DeFiShards platform, the NFTs can be wrapped with tokens, such as ETH, BTC, etc. During the minting process, a fixed percentage (%) of the minting price is used to wrap and embed these tokens into the collectibles.

• Floor price protection: By wrapping NFTs with tokens, a minimum value (floor price) is established, which helps prevent the price of the NFTs from dropping drastically. This protection mechanism reduces the risk of price manipulation and provides inherent native liquidity for the NFT collections.

For Example:

An artist launches a collection of 5,000 NFTs on the DeFiShards platform and mints each NFT for 20 NEAR. The mint price of 20 NEAR is divided into two parts:

• 50% (10 NEAR) is baked directly into the NFT.

• The remaining 50% (10 NEAR) goes to the artist.

Artists have the option to choose a higher baked amount than the default 50%. By selecting a higher percentage, such as 70%, artists can protect their collection with a higher peg, ensuring a more stable floor price and potentially increasing the value of their NFTs in the long run.

Benefits for Artists:

• Provides a sustainable income while maintaining the value of their NFT collections.

• Reduces the risk of their NFTs losing value drastically after the initial sale.

Benefits for Users:

• Offers more secure investments, knowing that a portion of the NFT's value is backed by tokens.

• Encourages long-term holding by reducing the impact of price volatility and manipulation.