Confti — an open source protocol, consisting of a series of smart contracts, running on Ethereum. It creates NFT splitting tools and one-stop decentralized NFT issuance, crowdfunding, splitting and trading solution for NFT investors.
How does Confti work?
Confti — a decentralized platform for end-to-end NFT solutions. It covers various NFT DAO needs, including NFT issuance, crowdfunding, fractionation, trading, leasing, P2P and secured lending. Confti has already launched the NFT Party (crowdfunding) and Division (fractionation) modules, and has completed crowdfunding and splitting several NFTs.
Party - a decentralized organization that participates in auctions through crowdfunding. A party may pool the assets of its members to participate in designated auctions or NFT buyouts. In crowdfunding and auctions, the party stores and manages funds and assets through decentralized verified smart contracts.
To join, you need to have ETH in your wallet. Visit the "Party" section of the Confti website and select the NFT you want to buy with crowdfunding. Then choose the type of Party that suits your requirements and invest a certain amount of ETH.
What does the "Party" function give:
| 1. | If the member you joined wins the NFT auction, you will receive a certain number of tokens of that NFT according to the amount of your investment. |
| 2. | If the member you joined does not win the NFT auction, you will not receive any NFT parts. You will be able to get back the ETH you have invested in the Party. |
Building on existing advances in the NFT and DAO industry, Confti is taking steps towards integrated NFT development. It focuses on NFT parties (crowdfunding), splitting (fractionation), issuance, trading, lending and secured lending. Confti also offers a set of DAO tools to help users to manage NFTs.
More about defi app
Confti has released the ERC-721 NFT icon — Confti Genesis in Project Galaxy. Each Genesis badge includes the Confti logo and slogan. Since Confti is committed to the development of NFT parties and divisions, it encourages the development of each NFT in the form of a DAO in order to achieve a stronger value consensus.