NFT idea:
1. develop a trait/attribute model for your NFT collectibles
2. Allow "tokenizing" the NFT and issuing N (fungible) tokens based on M attributes
3. Allow buying and selling in "attribute markets"
4. Can only unwrap if you have 1:1 of each attribute of the target NFT
1. develop a trait/attribute model for your NFT collectibles
2. Allow "tokenizing" the NFT and issuing N (fungible) tokens based on M attributes
3. Allow buying and selling in "attribute markets"
4. Can only unwrap if you have 1:1 of each attribute of the target NFT
Bonus points if the attribute model is scalable to account for underpriced or missing attributes
NFTs themselves will never be 1:1 swapable, but their underlying attributes can be decomposed (according to a model) and made swapable to establish more efficient pricing
NFTs themselves will never be 1:1 swapable, but their underlying attributes can be decomposed (according to a model) and made swapable to establish more efficient pricing
This works for non-collectible use cases too:
- Houses (location, BR/BA, age, etc.)
- Fine art (creator, style, age, auction history)
A lot more...
- Houses (location, BR/BA, age, etc.)
- Fine art (creator, style, age, auction history)
A lot more...
Using the house example:
1. I tokenize a (a) 3 BR, (b) 2.5 BA, (c) 2000 sq. ft. house I own in (d) Hollywood, CA (with my house deed as collateral)
2. I now have 3 (a) tokens, 2.5 (b) tokens, 2k (c) tokens, and 1 (d) token
3. I put some of these in an "attribute AMMs"
1. I tokenize a (a) 3 BR, (b) 2.5 BA, (c) 2000 sq. ft. house I own in (d) Hollywood, CA (with my house deed as collateral)
2. I now have 3 (a) tokens, 2.5 (b) tokens, 2k (c) tokens, and 1 (d) token
3. I put some of these in an "attribute AMMs"
4. I earn a % on those attribute AMM tokens
5. Someone comes along 3 months later with the right set of tokens that represents my house
6. They "unwrap" my house, signing over the deed to themselves. It is theirs.
7. I still own the tokens, which is the "sale price" of the house!
5. Someone comes along 3 months later with the right set of tokens that represents my house
6. They "unwrap" my house, signing over the deed to themselves. It is theirs.
7. I still own the tokens, which is the "sale price" of the house!
The entire time that house was "on the market", the tokens I owned and added to the AMM were bought and sold at the given market price for each characteristic. Now, I am earning a % on my tokens for the length of time the house was on the market for. That's kind of cool!
Okay, I'm gonna mute this thread, this was just a shitpost. Enjoy!
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