Pandora showed us that people are still willing to ape into NFTs and even the slightest UX improvement brought millions in volumeBut the issue with Pandora / ERC-404 is that it does not solve the liqu

CN
1 year ago

Pandora showed us that people are still willing to ape into NFTs and even the slightest UX improvement brought millions in volume

But the issue with Pandora / ERC-404 is that it does not solve the liquidity issue

The NFTs' liquidity issue comes from nobody being interested in trading them.

There are no liquid markets to sell them and therefore no arbitrage opportunities.

Until there is no backing per each NFT (basically mint price * rarity * devs greed), the NFT market will stay at its current stage.

My friends at @b0rder1ess (I have known the team for several years) are working on a product that will allow to merging of DeFi and NFT markets with standard ERC-20/ERC-721/ERC-1155 standards.

Their solution allows selling NFTs into DeFi AMM, protecting the floor price from panic sales and allowing users to sell NFTs after the mint at a mint price.

As well as it creates continuous arbitrage opportunities between AMM and Opensea and allows NFT collection to have their own token if they wish.


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