Genesis Shards has partnered with Unicly to fractionalize GenTicket NFTs
Genesis Shards has partnered with Unicly to fractionalize GenTicket Non-fungible tokens.
Through fractionalization, investors can buy ‘fractions’ of the GenTicket NFT instead of having to buy a whole NFT. This will create a liquid “derivative” market for PreIDO tokens, increasing accessibility to the masses.
Fractionalization allows more people to trade NFTs at lower price points, enabling the average investor to have ownership of even the most coveted NFTs. Built by NFT collectors and DeFi enthusiasts, it incentivizes NFT liquidity and provides a seamless trading experience for NFT assets by bringing AMMs and yield farming into the world of NFTs.
Genesis Shards aims to improve ‘preIDO liquidity’ by wrapping fungible time locked project tokens into NFTs. This solution does massively improve over the current options (OTC trading with low liquidity and counterparty risk), as these PreIDO NFTs are easily tradable on platforms such as OpenSea.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens.
About Unicly
Unicly is a permissionless, community-governed protocol to combine, fractionalize, and trade NFTs. Built by NFT collectors and DeFi enthusiasts, the protocol incentivizes NFT liquidity and provides a seamless trading experience for NFT assets by bringing AMMs and yield farming into the world of NFTs.
