In a groundbreaking event that's already sending ripples through the Web3 waters, Quantix recently illuminated the CRAZY ANTs Twitter Space with an enlightening Ask Me Anything (AMA) session. This wasn't just any discussion; it was a vivid journey through the innovative corridors of NFT liquidity and trading, led by the visionaries behind Quantix. As the digital dust settles, we're here to unravel the insights and revelations from this pivotal conversation, offering a glimpse into the future of NFTs as shaped by Quantix's pioneering approach.
Here you can find the whole recorded AMA!
The session, packed with insights into fractionalized NFTs and the Quantix platform, unfolded with a series of thought-provoking questions. Here's how we will introduce the key inquiries and the answers provided by the Quantix team:
Firstly, we address the proof of fractional ownership through our Transparent NFT Co-ownership layer. This feature, integral to the NFT shares minted on Quantix, allows for on-chain verification of co-ownership. Consequently, it's always possible to ascertain the specific percentage of a Quantized NFT owned by a wallet.
Secondly, regarding legal rights and utilities, let me explain our current stance and future directions:
- Presently, non-fungible utilities associated with an NFT, such as the rights to commercial use of its image, are available only upon reacquisition of the NFT in its entirety. If the NFT includes fungible utilities, like the Bored Ape Yacht Club (BAYC) APE airdrop, we enable fractional owners to receive proportional benefits correlating with their shareholdings.
- Looking ahead, we are exploring ways to reflect the value of the locked NFT by potentially allowing the rental of its utilities, with the value generated being distributed to fractional holders. Additionally, we're considering the creation of a fractional utility layer to provide more equitable utility distribution to fractional owners.”
- The 'Early Backers' inject liquidity into the system to facilitate payment to the seller. These backers are somewhat akin to initial investors in a funding round, obtaining the best price but facing a longer 'vesting' period. They are not immediately liquid; their shares are designed for peer-to-peer transactions, which means they must wait for an interested buyer to emerge.
- The 'Free Market Traders' enter the scene post-quantization. They play a crucial role in the price discovery phase, validating the Quantized NFT's value. Their shares possess premium liquidity, allowing them to sell at any time. This is made possible through Quantix's use of a bonding curve in our refungible token model for fractionalization. The smart contract captures liquidity from the market shares, ensuring it's available for traders when they decide to sell."
- The asset remains perpetually on sale during the free market phase, with its price being determined by a real-time pricing system. This system eliminates the need for auctions and approval times, and the on-chain verifiable price validation accelerates asset turnover by removing any barriers to sale.
- As described, during the free market phase, the NFT's price adjusts dynamically based on the liquidity in the vAMM. This means that as NFT shares are purchased, their value—and consequently, the value of the underlying NFT—increases. Conversely, if shares are sold, the value decreases. This dynamic pricing mechanism naturally lowers the value of assets that linger on the market, making them more attractive to potential buyers.
- Early Backers have voting rights which allow them to influence the NFT's status. For instance, they can vote to reduce the price if the NFT returns to the listing price without attracting buyers, or they can choose to freeze the sale to await a better market price."
As a Quantix NFT stakeholder, your involvement transcends mere participation. You, the NFT collector or creator, become an active agent in shaping the platform's trajectory. Through your QNTX tokens, you wield voting power on crucial matters, from determining platform fees and implementing new features to allocating resources and establishing governance policies.
Transparency reigns supreme in this community-driven ecosystem. All actions and decisions are meticulously recorded on the blockchain, ensuring open communication and accountability. This enables you to witness, in real-time, the direct impact of your voice on the platform's evolution.
Quantix NFT transcends individual gain and fosters a collaborative spirit. Your participation contributes to the collective goal of building a thriving NFT ecosystem. By working together, the community can transform Quantix into the premier destination for buying, selling, and creating NFTs, setting a new standard for the industry.
With your QNTX tokens, you can become an active architect of this transformative NFT marketplace. Let your voice be heard, your ideas implemented, and your contributions celebrated. Together, we can shape the future of NFTs, one empowered vote at a time.
This entire community governance program starts Quantix Associate Program that elevates you beyond recognition, showering you with diamonds for engagement, boosting your brand as an ambassador, granting insider access, premium membership, and direct voting power. Fuel community growth, amplify platform reach, and shape its future by contributing your invaluable insights as you become a cornerstone of Quantix's revolutionary NFT landscape. Join the program and step into the spotlight!