uNAM whitepaper
Democratizing NFT Ownership with uNAM
Abstract
FractioNFT is a revolutionary platform built on the TON blockchain that empowers creators and collectors by enabling secure and efficient NFT fragmentation. This whitepaper introduces the concept of NFT fragmentation, explores its benefits, and delves into the functionalities of the FractioNFT platform. We also introduce uNAM, a fungible token directly tied to the value of the "Telegram Usernames" NFT collection.
1. Introduction: The Rise of Fractional Ownership
The Non-Fungible Token (NFT) space has seen explosive growth, offering a unique way to represent ownership of digital assets. However, the high price point of many coveted NFTs often limits participation. FractioNFT solves this challenge by introducing NFT fragmentation, a process that divides a single NFT into smaller, more affordable tokens. This whitepaper unveils the world of uNAM, a fungible token built on FractioNFT that facilitates fractional ownership of the "Telegram Usernames" NFT collection.
2. Understanding NFT Fragmentation
2.1 What is NFT Fragmentation?
Imagine owning a piece of the Mona Lisa. NFT fragmentation makes this dream a reality in the digital space. It breaks down a single NFT into many smaller, fungible tokens. Each token represents a proportional ownership stake in the underlying NFT. This allows a wider audience to participate in the NFT ecosystem, regardless of their financial resources.
2.2 Benefits of Fragmentation
Enhanced Accessibility: Fragmentation makes NFTs more accessible to a broader audience, including those with limited financial resources.
Increased Liquidity: By breaking down NFTs into smaller pieces, you can increase their liquidity, making them easier to buy, sell, and trade.
Community Building: Fragmentation fosters a sense of community among NFT owners, as they share ownership of a valuable asset.
New Revenue Streams: For creators, fragmentation offers new ways to monetize their work by selling smaller portions of their NFTs.
3. The FractioNFT Platform
FractioNFT is a user-friendly platform built on the TON blockchain that facilitates secure and efficient NFT fragmentation. Here's how it works:
NFT Division: Users transfer their high-value NFTs to a designated FractioNFT pool.
Token Distribution: The smart contract fragments the NFT into a predetermined number of tokens/jettons, representing proportional ownership.
Trading and Collection: Users can trade their tokens on any compatible DEX or exchange them back for any original NFT in the pool.
4. Introducing uNAM: Fractional Ownership of Telegram Usernames
uNAM is a fungible token directly tied to the value of the "Telegram Usernames" NFT collection on the FractioNFT platform. Here's what you need to know about uNAM:
Function: uNAM allows users to buy, create, and trade any amount, granting them fractional ownership of the "Telegram Usernames" NFTs.
Price Correlation: uNAM's price fluctuates based on the market dynamics of the underlying NFT collection.
Risks and Considerations: It's crucial to conduct thorough research and consult financial advisors before making any investment decisions involving uNAM.
Supported NFTs: Currently, the uNAM pool only accepts "Telegram Usernames" NFTs with 3 to 8 characters.
Trading: uNAM tokens can be traded on Ston.fi.
Future Utilities: While the primary utility of uNAM is fractional ownership, future functionalities may be implemented.
Representation: Each 1,000,000 uNAM tokens represent a single "Telegram Username" NFT locked in the FractioNFT smart contract.
Trading Platform: FractioNFT provides a user-friendly interface for swapping and trading uNAM tokens representing "Telegram Usernames."
5. Conclusion
FractioNFT and uNAM revolutionize NFT ownership by facilitating fractionalization and democratizing access to valuable digital assets. With the uNAM token, users can now participate in the ownership of the prestigious "Telegram Usernames" NFT collection and potentially benefit from its future value. As the platform evolves, FractioNFT offers exciting possibilities for creators and collectors alike, paving the way for a more inclusive and dynamic NFT ecosystem.
Additional Information
This whitepaper provides a foundational understanding of FractioNFT and uNAM. The platform offers additional features and functionalities; refer to the official FractioNFT website for further details.
Disclaimer: This whitepaper is for informational purposes only and does not constitute financial advice.
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