Today we are at the horizon of the events where Metaverse and DeFi touch
Say hello to WrapX
Supercharge your NFTs and add new actions to them while keeping their integrity and value
Read the (love) story of #meebit 7497 and its desire of getting a @CryptoKitties 🤖💕🐱
🧵👇
Say hello to WrapX
Supercharge your NFTs and add new actions to them while keeping their integrity and value
Read the (love) story of #meebit 7497 and its desire of getting a @CryptoKitties 🤖💕🐱
🧵👇
1/9 There was a Meebit that wanted a CryptoKitty but could not buy it because the Meebit could neither hold any fund nor interact with any protocol. 
2/9
So the Meebit wrapped itself using WrapXSet, a wrapper that give it NFTSet-like functionalities such as holding funds and execute any tx
etherscan.io/tx/0xd2b9c403b…
etherscan.io/tx/0x09aa5a443…
opensea.io/assets/0xa24b9…
So the Meebit wrapped itself using WrapXSet, a wrapper that give it NFTSet-like functionalities such as holding funds and execute any tx
etherscan.io/tx/0xd2b9c403b…
etherscan.io/tx/0x09aa5a443…
opensea.io/assets/0xa24b9…
3/9
The Meebit asked 0.2 ETH to its original owner and was able to receive it thanks to its new super powers
Then, it was unsure to use ETH directly since it deeply believes in Ethereum
So it opened a debt position on @compoundfinance for 50 DAI
etherscan.io/tx/0xdf07b3c49…
The Meebit asked 0.2 ETH to its original owner and was able to receive it thanks to its new super powers
Then, it was unsure to use ETH directly since it deeply believes in Ethereum
So it opened a debt position on @compoundfinance for 50 DAI
etherscan.io/tx/0xdf07b3c49…
4/9
Anyway, the Meebit could not get its beloved cat because ETH was the only currency accepted.
So it interacted with @Uniswap to swap its DAI for ETH
etherscan.io/tx/0x413fe7a04…
Anyway, the Meebit could not get its beloved cat because ETH was the only currency accepted.
So it interacted with @Uniswap to swap its DAI for ETH
etherscan.io/tx/0x413fe7a04…
5/9
Finally, the Meebit went to the CryptoKitties Sales Auction Contract and bought its beloved cat leveraging exploiting its new wrapper capabilities (WrapXSet) that not only allows it to receive funds but also other NFTs!
opensea.io/0xa24b989df66d…
Finally, the Meebit went to the CryptoKitties Sales Auction Contract and bought its beloved cat leveraging exploiting its new wrapper capabilities (WrapXSet) that not only allows it to receive funds but also other NFTs!
opensea.io/0xa24b989df66d…
6/9
What’s the story here? Wrapping is a powerful concept that can be applied to bring composability and interactions to NFTs maintaining, if properly designed (i.e., wrap/unwrap mechanisms), the integrity and the values of the wrapped NFTs
But more importantly…
What’s the story here? Wrapping is a powerful concept that can be applied to bring composability and interactions to NFTs maintaining, if properly designed (i.e., wrap/unwrap mechanisms), the integrity and the values of the wrapped NFTs
But more importantly…
7/9
NFTs exist outside any chain, smart contracts are just projections/forms/slices which sometimes are limiting their full potential!
This means that wrappers allow multiple legitimate representations of NFTs
Wrappers are means to supercharge NFT actions and capabilities
NFTs exist outside any chain, smart contracts are just projections/forms/slices which sometimes are limiting their full potential!
This means that wrappers allow multiple legitimate representations of NFTs
Wrappers are means to supercharge NFT actions and capabilities
8/9
WrapX is the project which collects these wrappers and because it's DeFi they are composable you can wrap the wrapper and get the sum of the superpowers!
github.com/emilianobonass…
WrapX is the project which collects these wrappers and because it's DeFi they are composable you can wrap the wrapper and get the sum of the superpowers!
github.com/emilianobonass…
9/9
Phase 2 completed
Most of the concepts are on the table for the project I am working on for @ETHLisbon (the last phase, phase 3 will be in Lisbon)
Stay tuned, some of you will receive an invite for the alpha release 😎
Phase 2 completed
Most of the concepts are on the table for the project I am working on for @ETHLisbon (the last phase, phase 3 will be in Lisbon)
Stay tuned, some of you will receive an invite for the alpha release 😎
https://twitter.com/emilianobonassi/status/1434908150063325186?s=2
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