| Hey everyone, Hope you're enjoying the roller-coaster of cryptoverse! We're a small group of people interested in seeing crypto to become a sustainable advancement, particularly we've been studying NFT space and trying to figure-out a way to make the whole experience more meaningful and safe for the collectors, while also giving artists a platform to show their creative selves. As you know there are a lot of speculative trading, FOMO and "get rich quick" energy in the space, which is not necessarily healthy for a long term vision. The appetite to buy NFTs for a significant amount is very low, unless your a famous artist, mainly because nobody can guarantee there are future buyers for your NFT collectible! This week we built and launched a protocol (https://Unique.Directory) which we believe can help make NFT space a bit more sustainable in the long-term: ## In Unique Directory all NFTs (a.k.a. Uniquettes) are backed by collateral, which is basically from your payment kept in Vault, as a guarantee that if there are no buyers you can lock your NFT and receive that (ETH) collateral. ## To make this possible artists (authors) are paid in freshly minted platform tokens called UNQ, which is designed to appreciate in time. By using sales fees to buy-back and burn UNQ tokens from open market. Currently we're in Testnet launch phase (https://app.unique.directory) and would love to hear your thoughts and critiques about our approach. You can read our litepaper in https://docs.unique.directory to learn more in details how the protocol is designed. Cheers :) |