Envelop — a cross-chain protocol that allows you to use your NFT as a vault for cryptocurrencies or other NFTs. It also allows creators to add unique customizations to their NFTs. For example, add royalties, top up internal storage with transaction fees or add temporary locks to escrowed assets.
Envelop decentralized project
The main idea of the ENVELOP (NIFTSY) project - to create a system for the interaction of decentralized systems (DAO, DeFi, DEX) through the tokenization of non-fungible tokens (NFT) in networks of the first and higher levels. Using decentralized models, ENVELOP (NIFTSY) creates objective metrics and an asset valuation system.
Envelop is currently being implemented for Ethereum and Binance Smart Chain, as well as for Polygon. Other blockchains will be added soon, such as FLOW, Polkadot & Cosmos, Zilliqa, WAX.
The technical token of the DAO ENVELOP project is an ERC-20 compliant token. It can be used as a token to pay the default transfer fee. Moreover, it is not necessary to have this token on the sender's balance, but simply to mint the correct amount for each transfer. It has no value; its main purpose is to demonstrate the capabilities of the protocol in terms of royalty and transactional collateral. Users who choose this transaction fee option can fine-tune the tokenomics themselves.
ENVELOP (NIFTSY) is based on general Web 3.0 trends:
| 1. | Openness and anonymity, controlled by the user (the ability to monitor anonymous transactions in transaction scanners). |
| 2. | Decentralization. |
| 3. | Direct transfer of value without intermediaries. |
Secure automated tokens of the future provide liquidity for venture capital. Project tokens are distributed in the form of WNFT with temporary locks. This preserves the liquidity of the participants and reduces the risk of a decrease in the price of the project. Overall, providing a more cost-effective, secure and efficient smart contract blocker.
Additional features
Projects can create wINOs (wrapped NFT initial offerings), containing project tokens with temporary locks. This allows projects to sell collectibles and raise funds at the same time, and allow fans to participate in projects at an early stage with additional features. Using augmented and virtual reality, digital assets can be hidden inside objects. Wrapped NFTs can be won by using the "play to earn" mode.