Ovols ๐Ÿฆ‰ Profile picture
Sep 1, 2022 โ€ข 5 tweets โ€ข 3 min read โ€ข Read on X
NFT trading will never be the same ๐Ÿ”ฎ๐Ÿฆ‰

Introducing Elixir, a community-owned marketplace powered by the Elixir fAMM, or Floor AMM.

Trade NFTs as quickly as you trade SOL โšก now on app.elixirnft.io

#PhaseOne #TheFirstLiq
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 ๐Ÿš€
2/ Elixir is where you:

1. Instantly sell NFTs ๐Ÿ’ฆ
2. Buy NFTs at the lowest prices ๐Ÿ’ธ
3. Exchange NFTs in that collection for free ๐Ÿ”€

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 ๐Ÿค

Elixir is the first community marketplace to recognize creators as stakeholders. Elixir will be governed and owned by creators, collections, and communities.
4/ Whatโ€™s next?

The bull market is coming back and it will not look the same ๐Ÿซก

Trading is just the beginning...

Borrow. Earn. Short. Open only to Nectar holdersโ€ฆ for now ๐Ÿ”ฎ ๐Ÿฆ‰

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More from @OvolsNFT

Dec 13, 2022
1/11 Proposing SRE (Simple Royalty Enforcement)

An amendment to @metaplex MIP-1.

A community-governed, global denylist to:

1. Get creators protected as quickly as possible ๐Ÿ›ก๏ธ
2. Minimize changes to NFTs ๐Ÿ› ๏ธ
3. Keep NFTs *permissionless by default* ๐Ÿค

Let's dive in ๐Ÿงต
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 ๐Ÿ”—

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.
Read 11 tweets

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