Make your NFT valuable. Just protocol. No hype
Firstly what is Envelop project?
Envelop is a Cross-chain protocol seeking to provide real value for your NFTs. Based on DAO principles.
WHAT MAKES ENVELOP PROJECT UNIQUE
ACCESS TO NFT MARKET IN A SINGLE POINT: You can operate with NFTs emerging from any marketplace connected to ENVELOP.
FINE-TUNE YOUR NFT: Add cryptocurrency, tokens, LP tokens, set a time lock and the royalties percentage for your NFT. And send the whole lot in a single piece.
CROSS-CHAIN TOKENIZATION: With ENVELOP, you can tokenize any physical or digital object as well as financial assets and trade them all regardless of the blockchain.
DISCOVER THE PRICE: The oracle will help you set the right going price for your NFT in case you have doubts about the price tag.
MISCELLANEOUS
ENVELOP PROTOCOL: wrapps collateral, distributes royalties, adds value from transactions to the wrapped collateral.
ORACLE: monitor the transactions of NFTs, filter spam transactions and increase the value of NFTs, depending on the transactions performed.
INDEX: monitors the market activity from different sources, providing an objective picture of the market in real time.
ENVELOP USE CASES
You can create an NFT on ENVELOP, wrap it with collateral and sell. The transfer will be registered by the oracle, and the protocol will put a share of the money paid on the transfer into the wrapped collateral, elevating the NFT’s value.
The index will register the transfer and will reflect it in its market statistics for everyone to see.
CREATOR
The authors can set their parameters for the NFT, including the collateral and royalties.
HOLDERS
The holders will get a better guarantee of the NFT’s growing price value.
TRADERS
The traders get a faster execution of trades.
GAMES
The opportunity to receive royalties, to throw different tokens or objects into collateral, or to rent objects. Greater functionality of characters and artifacts.
METAVERSE
The universe itself will be able to set up royalties. Users can create cases themselves, further expanding the metaverse.
MARKET PLACES
The ability to receive royalties from wrapped NFTs and to sell NFTs at a higher price. New functionality for the users.
KEY TERMS
AI - Artificial Intelligence - is the property of intelligent systems to perform creative functions that are traditionally considered the prerogative of humans.
NFT - a non-fungible token of any standard (ERC-721, ERC-998, ERC-1155 and others) created within any DRS.
Second-order (tier) NFT - an NFT created as a result of a wrap transaction with any number of assets of any level of complexity.
DeFi - decentralised finance.
DEX - a decentralised exchange.
DAO - decentralised autonomous organisation.
IDO - initial DEX offering of tokens.
IoT - Internet of things - a concept of data networking between physical objects ("things") equipped with built-in means and technologies for interacting with each other or with the external environment.
P2P - a peer-to-peer or peer-to-peer network based on equality of participants. Each node (peer) in a peer-to-peer network is both a client and a server.
Anti-fraud - a system designed to evaluate financial and non-financial events (card transactions, user actions, transactions with loyalty points, etc.) to determine whether they are suspicious from the fraudulent aspect and offer recommendations for further processing.
Airdrop - A cryptocurrency or coin token distribution to multiple wallet addresses, usually for free or for fulfilling simple conditions
Derivative - A derivative financial instrument.
DDS - decentralised and/or distributed networks (blockchain, tangle, dlt and others).
Index - the part of the Project that represents a decentralised index as a quantitative measure of the market.
Crosschain - The ability of parties to exchange data between different blockchains.
Marketplace - A trading platform.
Oracle - the part of the Project that autonomously analyses assets created using NFT in some way.
Protocol - the part of the Project responsible for formalising the creation, circulation and use of assets via NFT.
Project - DAO NIFTSY; the totality of all the elements: Protocol, Index Oracle and Token.
Token - the information technology asset of the Project.