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Fracto Farm

Cross-chain Fractionalization of NFTs while mapping the fractional tokens to real-world utilities.

Fracto Farm

Created At

ETHIndia 2022

Winner of

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🏊 Push Protocol — Prize Pool

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🏊 Covalent — Pool Prize

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🏊 Connext — Pool Prize

Project Description

We are trying to solve a common problem most Designers face, like raising capital and generating revenue from their designs, marketing their designs to their full potential, and also not having to sell their IP. We have built a protocol in which Designers could create an NFT liquidity pool and the users who like the art could swap their coins with a fraction of the NFT making them the stakeholder of that particular NFT. Now when the Design is out in the real-world market, the revenue generated through the sales will be piped back to the chain and will be distributed among the stakeholders using the concept of farming. Now the user who holds fractions of a particular NFT could stake his fractions and get the revenue profits periodically and could withdraw his staked fractions after he/she is happy with their profits. The revenue is shared among stakeholders with respect to the fractions they own. This solves many problems the Designers face, like raising capital and generating revenue from their designs. This also serves as a protocol by which common people could buy a fraction of NFT instead of spending a fortune for a particular NFT.

How it's Made

Figuring out the general flow of the application, creating high-level designs, and then boiling them down to low-level component designs was a big challenge in itself. From the ideation phase to actually implementing the Algorithms in the smart contract and then integrating them with the front end was a big task and that's where we faced a lot of blockers. After a lot of research and teamwork, we finally made all of our functionalities work.

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