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Add Support for Fractionalized NFTs #68

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welttowelt opened this issue Dec 16, 2023 · 4 comments
Open

Add Support for Fractionalized NFTs #68

welttowelt opened this issue Dec 16, 2023 · 4 comments

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@welttowelt
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As Unruggable provides trusted templates for launching crypto tokens with embedded protections against common exploits, we should extend its capabilities to enable fractionalized NFT offerings tied to the platform.

This would allow artists, creators, collectors, or teams to tokenize ownership stakes in rare NFTs using Unruggable to deploy ERC20 tokens that represent fractional claims. Key functionality would include:

Flexible division of NFTs into tradeable fractions decided by the owner
Automated deployment of ERC20 contracts representing fractional ownership rights
Embedding legal rights directly into smart contracts like transfer approval controls
Ongoing royalties channeled to original owner on trading activity
Inheriting trust assurances of Unruggable like liquidity locking, transfer limits to deter insider dumps, etc.
By expanding Unruggable beyond memecoins into collateralized fractional NFTs, we can greatly broaden relevance to digital artists, gaming assets, virtual worlds, and other creative ecosystems wanting more liquid markets without sacrificing provable scarcity and provenance traceability of crypto-native artifacts.

It further cements Unruggable's role as the go-to platform for launching credible crypto tokens across multiple emerging use cases.

@cpp-phoenix
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cpp-phoenix commented Dec 24, 2023

hey @abdelhamidbakhta @welttowelt, I've built a similar functionality previously. I can take it up. Please assign it to me.

@enitrat
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enitrat commented Dec 29, 2023

This will be for the post-MVP phase

@mananbordia
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@enitrat Do we want to work on this now ?

Really interested to contribute towards this epic.

@casweeney
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casweeney commented Nov 10, 2024

Hi @enitrat I can tackle this issue. I know how Fractional NFTs work and I have implemented it using Solidity.

I can do same using Cairo. I have written and tested complex smart contract with Cairo. My repo has great proof of work.

ETA: 10- 12hours

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5 participants