The Piece Partnership with Lossless
The Piece Partnership with Lossless — to use Lossless as their security solution and is building their product on Fantom.
The Piece is an easy-to-use marketplace platform that democratizes ownership of high-value NFTs by lowering the barrier to entry by allowing fractional sales of NFTs. Each NFT on their site is divided into fragments that can be bought. These fragments are backed by the real NFT. You can trade the fragments until the majority of the holders decide that the real NFT should be sold. And now announcing The Piece Partnership with Lossless.
The next introduction of an NFT is decided by a voting process. The community can choose what will be featured next on the site. When you buy a fragment on The Piece’s website’s own marketplace, you get an NFT, which says how many fragments there are and which fragment out of how many you have.
The Piece Fragment System
- Firstly, each NFT on their site is divided into fragments that can be bought. These fragments are backed by the real NFT.
- Secondly, you can trade the fragments until the majority of the holders decide that the real NFT should be sold.
- The next introduction of an NFT is decided by a voting process. The community can choose what will be featured next on the site. When you buy a fragment on their website’s own marketplace, you get an NFT, which says how many fragments there are an which fragment out of how many you have.
- Furthermore, you can trade the fragments on their Website or any other secondary market that supports them.
About The Piece
An EU-based NFT marketplace will offer fractionalized blue-chip NFTs for people to invest in; for the first time, you’ll be able to own pieces of huge collections such as Bored Ape, CryptoPunk, and many more. Furthermore, The Piece aims to be the leading marketplace for fractional NFT investing, with grand plans for the future, possibly moving into fractionalizing a wider range of assets such as real estate.
About Lossless
Restoring trust in web3 security. Lossless incorporates a new layer of blockchain transaction security, protecting projects and their communities from malicious exploits and the associated financial loss.
Moreover, implements an additional layer of blockchain transaction security for ERC-20 standard tokens, mitigating the financial impact of smart contract exploits and private key theft. It is also utilizes community-driven threat identification tools and a unique stake-based reporting system to identify suspicious transactions, providing real-time protection.
SOURCE
https://losslessdefi.medium.com/security-of-nft-project-currencies-lossless-x-the-piece-cd47f98bc8db
