NFT Synthetic Markets Overview

Introducing NFT Synthetic Market

Overview

NFT Synthetic Markets serves as a way to increase liquidity for NFTs as NFTs are illiquid due to the nature of marketplaces such as OpenSea. Someone will put up the NFT for sale and someone else will buy it, which means it is mostly a one to one exchange. We intend to create tradable synthetic tokens with NFTs as the underlying asset, making NFTs more liquid.

Our product is a 3 way liquidity pool consisting of these assets:

• Native Currency - to act as collateral and form a pair with the synthetic tokens

• NFTs - will be locked up in the liquidity pool contract

• Synthetic token - issued upon adding native currency. Forms a pair with the underlying NFT in the LP contract

We will be using Uniswap V2 to facilitate the liquidity pool.