👋
StreamNFT!
Scalability Layer for NFTs
StreamNFT is building a liquidity layer for NFTs to unlock value transfer across chains and protocols. It is to be believed that the next set of NFT adoption will be brought by the utilitarian aspect and we look to provide an Infrastructure to power the next generation of NFTs.
Our liquidity layer is powered by a set of protocols that are composable and deployed across chains. The protocol includes collateral-free rent and escrow-less loans, to begin with. NFT creators/developers can consume SDK to provide liquidity and subsequently, liquidity can be sourced to enable rentals & loans within their ecosystem.
StreamNFT - Scalability layer for NFT economy
NFTs are a type of digital asset that use blockchain to document the ownership of items such as images, videos, and other collectibles. It allows people to prove ownership of digital assets. The non-fungible tokens (NFTs) market skyrocketed where NFT marketplaces and collections zoomed up from $106 million in 2020 to $44.2 billion in 2021.
Less than 20% of the asset supply has a certain utility and the rest remains illiquid. The value is exchanged between Creators and Investors/Consumers in the primary marketplace at the mint and unlike fungible tokens where the market prices are easily synced, NFT’s pricing is much trickier as the bid, ask, and realized price can be rather inconsistent given its P2P trading feature.
Many NFT investors are investing with a diamond hands strategy and are not willing to sell their NFTs in exchange for immediate liquidity. The lack of value flow has created fragmented secondary liquidity and the development of scalable infrastructure where values can be exchanged is crucial when it comes to resolving NFT liquidity problems.
The future for blockchain art and collectibles is undoubtedly bright, but what is perhaps more intriguing is that for all of the other potential NFT use cases. But the developer/NFT creator has less developer tooling to deliver Defi NFTs to their holders and relies on royalties for revenue. Additionally, writing custom contracts is a high cost and security risk.
To save developer efforts in providing liquid NFTs to their holders, StreamNFT has developed a set of protocols to enable liquidity across the chain and protocol.
Last modified 6h ago