Crafting Finance is supporting NFT Synthetic Fractional Assets
Crafting Finance announces that they will support NFT Synthetic Fractional Assets
Crafting Finance will add the NFT fragmentation function. Crafting’s NFT fragmentation will be dedicated to solving NFT liquidity and trading issues, providing a huge impetus for the development of the industry.
In Crafting, they will support any kinds of NFT for users to stake into the Forge system and forge the factions of the NFT, just like other kinds of synthetic assets. Basically, the system will support two kinds of fractions, SNFTRafts and BNFTRafts.
SNFTRafts is the single-mode, which is suggested to be used for the rare NFTs. The user could set the name, initial price and amount of the tokens. After the mint of the SNFTRafts, the NFT will be locked into the Forge-SNFT-Vault. The NFT will be unlocked only if any user buyout it.
BNFTRafts is the bulk-mode, which is suggested to be used for the common NFTs. The NFT will be minted to the collection-BNFTRafts, of which the name and amount will be fixed. Users who hold enough BNFTRafts could redeem the NFTs locked in the Forge-BNFT-Vault, and the redeemed NFT will be randomly chosen.
Both the SNFTRafts and BNFTRafts can enter the sharing-debt-pool (SDP) or not, and both can be traded in the DEX, Kingsman. They believe Crafting Finance will provide an excellent liquidity solution for the NFT market, it will not only support trading, but also the upcoming NFT lending and even derivatives market.
About Crafting Finance
Crafting Finance is a synthetic asset project based on the Polkadot ecosystem. It provides the issuance and transaction capabilities of various synthetic assets, which can support the issuance and transaction of almost all types of cryptocurrency assets and real assets.
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