Confti Officially Launched, Allowing Users To Own NFTs Through Crowdfunding.
27 May 2022, 08:00
Confti Officially Launched, Allowing Users To Own NFTs Through Crowdfunding
Confti, an NFT crowdfunding and fractionalization protocol was officially launched today allowing users to start crowdfunding parties to buy scarce and valuable NFTs together.
Confti is an open-source protocol consisting of a series of smart contracts operating on the Ethereum network. The protocol has built NFT division tools and the one-stop decentralized solution for NFT issuance, division, crowdfunding, and trading for NFT investors.
The protocol allows users to start crowdfunding parties with friends and others to buy scarce and valuable NFT and get into NFT Parties. The NFT parties are decentralized organizations that allow many individuals to participate in auctions through crowdfunding. This is made possible through the fractionalization of users’ NFTs into tradable ERC-20 or ERC-1155 tokens. There are three NFT fractionalization operations on the protocol which include Trading of NFT parts, fractionalization of NFTs, and governance of fractionalized NFTs.