1/ V0: Aggregating sellers, forcing each to wait for a buyer
V1: Pooling buy and sell demand, but still fragmenting liquidity and pricing with many single-LP pools per collection
Elixir fAMM: Concentrating buy and sell demand for a entire collection into a one market 🚀
2/ Elixir is where you:
1. Instantly sell NFTs 💦 2. Buy NFTs at the lowest prices 💸 3. Exchange NFTs in that collection for free 🔀
No more listing, waiting, and adjusting prices. And when you buy, you don't need to check other marketplaces for the best price.
3/ With the rise of no-royalty marketplaces, Elixir is taking the opportunity to properly align ecosystem incentives 🤝
Elixir is the first community marketplace to recognize creators as stakeholders. Elixir will be governed and owned by creators, collections, and communities.
4/ What’s next?
The bull market is coming back and it will not look the same 🫡
Trading is just the beginning...
Borrow. Earn. Short. Open only to Nectar holders… for now 🔮 🦉
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1. Get creators protected as quickly as possible 🛡️ 2. Minimize changes to NFTs 🛠️ 3. Keep NFTs *permissionless by default* 🤝
Let's dive in 🧵
2/
First, let's talk about issues with current proposals.
1. Make NFTs *permissioned by default*
2. Give unnecessary power to platforms that create NFTs (eg. launchpads)
3/
(1) Permissioned NFTs 🔗
The current royalty enforcement proposals make use of *allowlists* to control bad actors. But allowlists = permissioned-by-default NFTs, which is antithetical to web3.
Imagine a @solana hackathon where every dev has to ask for permission first.