ENVELOP

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Inspiration

We were inspired by bear-market of 2018-2019 and saw up-comming hype of NFTs. As we like NFT phenomenon and see big potential their especial for financial use cases, we decide to create hedging tools to minimize risks of holder/trader, project and whole NFT-market.

What it does

ENVELOP (https://envelop.is) is a flexible cross-chain tool set able to give any NFT new functionality (economic set-up, on-chain royalties, rental mechanism, time/value/event-locks), protection of devaluation and anti-fraud system. Now easily implemented in GameFi, Marketplaces, Art, Metaverses and non-pledge NFT-rentals.

How we built it

ENVELOP DAO consists of three main parts, binded together by NIFTSY token: 1) Protocol to add the digital assets inside NFTs and set on-chain royalties; 2) Oracle to score the collateral and assess the quality of assets inside NFTs; 3) Index to hedge the position to the whole NFT market — becomes one of the first decentralised and collateralised simultaneously market indices for NFT and related assets (synthetic, among others).

Challenges we ran into

It was hard to explain to the wide puliс what benefits ENVELOP gives. This is due to revolutuionary appraoch and beyonf the current perception.

Accomplishments that we're proud of

Accomplishments that we're proud of We wre in the top-10 projects in Binance Hackathon last. We have succesfuly deployed Envelop protocol and created smart contracts on Ethereum, BSC, WAX, Zilliqua, Near, Harmony, Gate, OKX as well as on Polygon and others. We have released 10+ unique products and services and have under implementation 5+ GameFi projects and 3+ Defi ones with total monthly visitors over 1 mln.