Thread by @Dagnum_PI

$ETV #nftfi 🧵

@EnterTheVoidNFT Non-Fungible Gadget Protocol (NFGP) provides an infrastructure solution for advanced NFT-based applications and offers a number of features that can be used to enable NFT Finance (NFTfi) projects.

I'll cover each of the following:

1) NFT AMMs

2) Lending / Borrowing NFTs

3) NFT derivatives

4) NFT fractionalization

and how/why #NFGP is the perfect platform for each of these.

Let's dive in 👇

1) NFT AMMs: NFGP's ability to quickly process and validate complex logic and off-chain data sources without any fees opens the door for new NFT Automated Market Maker (AMM) use cases.

The protocol's agnostic approach, low transaction fees, and fast execution speed make it an ideal solution for NFT AMMs. This can enable more liquid assets for NFTs and allow users to trade their assets in a more secure and efficient way.

2) Lending/Borrowing NFTs: NFGP's ability to validate data derived from "off-chain" systems and devices, such as IoT devices or sensors, can enable the secure and reliable incorporation of validated data from other systems.

This enables the creation of NFT lending and borrowing platforms. With a secure and efficient way to track NFT ownership and value, borrowers can get access to cash loans using their NFTs as collateral, while lenders can earn interest on their assets.

3) NFT derivatives: NFGP's data-type library and custom consensus capabilities can enable the creation of NFT derivatives. Developers can define custom complex data types that their use-cases require, such as futures and options contracts, and execute them on the platform.

With its low transaction fees, fast execution speed and ability to validate data, NFGP provides a secure, scalable and cost-effective platform

4) NFT fractionalization: NFGP's ability to add layers of complex logic and utility to NFTs in whatever programming language or ecosystem they desire, opens the door for NFT fractionalization.

Developers can use data-types to create fractional ownership of NFTs, allowing users to own a percentage of an NFT, rather than the whole thing. This can allow more people to own valuable NFTs and increase the liquidity of the NFT market.