CONFT

Inspiration

I found that many NFTs on the market are very expensive, but most people don't have enough money and they want to invest in these NFTs. I know that some people will lock an ERC721, and then issue some ERC20 tokens for this NFT, other users can buy this ERC20 token, but it does not really solve the liquidity of NFT. In order to solve this problem more reasonably, CONFT adopts the method of joint investment. Each person only needs to pay a portion of the funds. They can buy a part of the NFT and get the pricing power for the next sale of the NFT. When the NFT is sold, they can get some benefits from the price difference.

How It Work

List NFT to the market

Alice adds an NFT in Add NFT and sets its price to 3MTR, it is displayed on MarketPlace and others can buy it.

Co-investment

Bob found it, but he didn't have enough money, he only paid 1 MTR, and he expected the future price of this NFT to be 4 MTR. Carol also found it and paid the remaining 2 MTR, which he expects the future price of this NFT to be 6 MTR.

Re-list

Because the total amount paid by Bob and Carol has reached the price set by Alice, the NFT is traded, Alice gets 3 MTR, and the NFT is relisted. The new price listed is 5 MTR, which is the average (4+6)/2 of the expected prices entered by Bob and Carol at the time of purchase.

Co-benefits

Dave admired this NFT very much, so he directly paid 5 MTR to buy it. When this NFT is purchased by Dave, the income will be distributed to Bob and Carol proportionally. Bob gets 3.33 MTR(2/3*5) and Carol gets 1.66 MTR (1/3*5). Bob and Carol invested in the NFT together, and they gained 1.33 MTR (3.33-2) and 9MTR (1.66-1) respectively.

Why CONFT is an innovative way to invest in NFTs

Never miss an opportunity to invest in NFTs
Share risk with multiple individual investors
Every re-listing is done automatically
Fully decentralized, you can add any ERC721 standard NFT
No commissions and service fees
Fair pricing power

Built With

• react
• solidity