BENEFITS OF WRAPPING YOUR NFTS WITH ENVELOP..
NFTS are non-fungible tokens.
Nifties’ — as fondly called, are tokenized collectibles on the blockchain such as Ethereum etc. The non-fungible part means that every token is unique. NFTs being unique, has it’s advantage.
NFTs or non-fungible token, is a type of cryptocurrency created on a smart contract platform such as Ethereum, Avalanche or Solana. They are unique digital objects that can be cool to own or even profitable to trade. Think of them as digital collectible cards.
Envelop is a cool project which has the ability to “wrap” assets in an NFT . imagine creating a “gift box” filled with all sorts of assets (tokens and NFTs), and then wrapping the lot into a single transferrable and tradeable NFT making it wholesome . This is perfect to allow tokens easy access to marketplace features via https://envelop.is/.
We are proud to announce that you can now wrap your tokens, allowing you to trade them on the Envelop.is/ marketplace and Securely access all NFT markets in one place with the ENVELOP app.
How does it work?
ENVELOP being a cross-chain protocol that utilizes NFT as storage allows for a flexible cross-chain toolset that provides any NTF with new functionality (economic set-up, royalties on the chain, rental mechanism, time/value/event blocking), scoring and protecting system from fraud, refilling deep vaults with transaction fees, or adding temporary time locks to stored assets. There is so much you stand to benefit when you wrap your assets with the Envelop project.
Envelop being a project built on a Cross-Chain protocol which gives room to Interoperability Protocol (CCIP) thereby providing a universal, open standard for developers to build secure services and applications that can send messages, transfer tokens, and initiate actions across multiple networks aims to solve the underlying problem by adding interoperability between different blockchains. It means they will all be able to communicate with each other and share data.
The problem with most NFT projects is that, they are usually minted and developed on one or two blockchains at the most. This approach has led to several constraints such as a lack of interoperability--the sharing and access of data between two networks.Fortunately, these issues can be resolved through the use of the Envelop protocol because it allows you Securely access all NFT markets in one place.
the Cross chain feature of the Envelop project allows you tokenize any physical or digital object as well as financial assets and trade them regardless of the blockchain...
There are three main project parts of the Envelop project :
● protocol
●Oracle
●Index
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 whole NFT market — The Envelop becomes one of the first decentralized and collateralized simultaneously market indices for NFT and related assets (synthetic, among others) and monitors the market activity from different sources, providing an objective picture of the market in real time.
Besides creating unique NFTs, The Envelop users will have a tool at their disposal with which to set up royalties.
The Envelope can be easily implemented in GameFi, Marketplaces, Art, Metaverses and NFT-rentals. The goal is to achieve a cross-chain tokenization of payment channels (rollups, and to intensify unused liquidity. benefits for digital art lovers too.
Find out more about ENVELOP :
Medium https://envelop.medium.com/
Telegram https://t.me/envelop_en
Twitter https://twitter.com/Envelop_project
Medium https://envelop.medium.com/
LinkedIn https://www.linkedin.com/company/niftsy/
YouTube https://www.youtube.com/c/ENVELOP ENVELOP (NIFTSY)
