1.

NIFTSY meaning in Cryptocurrency ?

Answer»

ENVELOP is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation and anti-fraud system. Now easily implemented in GameFi, Markeplaces, Art, Metaverces and NFT-rentals.

Our long term aim is cross-chain tokenization of payment channels (rollups) to intensifise unused liquidity. This will lead us further to creation of secured decentralized derevatives.

ENVELOP DAP consists of three parts: 1. Protocol to add the digital assets inside NFTs and set on-chain royalties; 2. Oracle to score the collateral and assess the quality of assets inside NFTs; 3. Index to hedge the position to whole NFT market — becomes one of the first decentralised and collateralised simultaneously market indices for NFT and related assets (synthetic, among others).

reference nan


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