About Nftfy
Nftfy is a Decentralized Application that provides the fractionalization of Non-Fungible Tokens. It is the trustless way of sharing ownership of NFTs, allowing the connection to all the DeFi functionalities and bringing instant liquidity to the NFT ecosystem.
It is a permissionless protocol that allows anyone to generate ERC20-compliant fungible Fractions fully backed by the NFT. Once you do that, you create a whole new market full of possibilities, being able to integrate the NFT Fractions into all the other DeFi applications.
$NFTFY Utility
The main function of the token is to amass and discover value within the $NFTFY ecosystem. As the many new ERC20-compliant Fractions are generated by the community, the $NFTFY token acts as a liquidity booster for all the users.
Liquidity Mining, Farming and Airdrops will be used to stimulate the liquidity in the Balancer Pools containing $NFTFY tokens. Anyone can easily participate in the rewards programs as any pool created on Balancer protocol containing the $NFTFY token as collateral is automatically eligible to participate in our Liquidity Mining program. In addition, their participants are eligible to receive airdrops of the most valuable NFTs on the platform and there will be pools with incentives for specific partnerships.
