Scatter

Trade
Fraction
Main Page
Merge

Inspiration

We as an NFT collector, always wanted to invest in multiple blue-chip NFTs but bcoz of high floor price we could only afford 1 or 2. We wanted a platform where fractions can be bought but the current implementations available in the market has high slippage and low volatility. We decided to create a better solution which can server us as well as the community.

What it does

Scatter implements new approach where each fraction is an NFT instead of a token. Which ensures no slippage and provides real ownership.

How we built it

The standard used for single owner NFT is ERC-721. When we fractionalize the NFT, we create a ERC-1155 contract and distribute the fractions to the owner.

Challenges we ran into

1.) The first and foremost challenge to identify a way to rectify the low liquidity problem of fractionalize tokens. 2.) We had to figure a way to provide the merge functionality. So, that users can claim the original NFT by burning the fractions.

Accomplishments that we're proud of

1.) Fractionalize NFT will omit the creator fees when traded on secondary marketplaces. 2.) Fractions will decrease the entry cost and hence attract the retail investors to the blue-chip ecosystem 3.) There won't be any liquidity crunch. Which hinders the user adoption of current solutions. 4.) It will expand the NFT community. Hence, increasing the decentralisation coefficient of NFT hodling.

What we learned

What's next for Scatter

1.) Our current goal is to stabilize the system and get the initial feedback from the community before submitting the contracts for auditing. 2.) We want to go multi-chain to expand the community. We are currently exploring CELO, AURORA & SOLANA for integration. 3.) We are planning to provide NFT staking as feature. 4.) Our Roadmap includes Governance & NFT lending/borrowing.