Crazy Ants & Quantix AMA

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:

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Conceptual Understanding: For thpose new to the concept, could you provide an overview of what fractionalization is and how it addresses key problems within the NFT market?

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NFT fractionalization is the process of creating a derivative asset that mirrors the original NFT. This new asset is distinctive in that it can be subdivided into smaller portions, enabling multiple wallets to trade and hold stakes in what was once a singular, and perhaps prohibitively expensive, asset. The genesis of fractionalization lies in democratizing access to high-value assets, making them attainable for a broader audience. The key differential lies in the design of the fractionalization process. At Quantix, we have crafted our approach with precision, aiming not just to enhance accessibility, but also to amplify liquidity and solidify the price validation process for any non-fungible asset.”

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Fractional Ownership: How does Quantix approach the issue of legal rights and ownership concerning fractionalized NFTs ?

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"I'd like to divide my response into two parts:

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.”

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Liquidity: how does Quantix address the challenge of liquidity in the secondary market for fractionalized NFTs?

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"What sets Quantix apart is its ability to inherently provide premium liquidity to fractional buyers giving exit strategy even before the final buyout. During the sale of a Quantized NFT, we distinguish between two types of fractional buyers:

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."

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Risk Mitigation: With fractionalization there might be concerns about inheriting illiquidity until a buyout accours. How does Quantix address the risk for holders to potentially become bagholders and mitigate this risk?

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"As previously mentioned, Free Market Traders always have liquidity, ensuring they can sell their shares at any time. In contrast, Early Backers inherently face illiquidity risk since they must either wait for a buyout or find another investor in a peer-to-peer sale. We mitigate this risk in three ways:

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."

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Incentivizing Participation: Could you elaborate on the incentives for early backers or fractional buyers on Quantix?

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"As previously mentioned, Early Backers, also known as Quantizators, are akin to initial investors in a startup. Their role is to finance the seller and initiate the quantization process, while also confirming the accuracy of the listing price. They benefit from acquiring shares at the lowest price and have the voting power to either lock the sale in the free market or to reduce the NFT's price to attract buyers. The drawback for them is that they cannot sell their shares directly through the vAMM because that liquidity has been allocated to pay the seller; however, they retain the option to sell their shares on a peer-to-peer basis.”

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Utility Expansion: Beyond trading, what potential utilities or use cases do you envision for fractional NFT holders within the Quantix ecosystem?

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"Quantix has been developed in compliance with the ERC-165 standard Re-fungible token) providing a transparent infrastructure that empowers fractional NFT owners with on-chain clarity. This foundation paves the way for the development of an additional layer of fractional utility. Our ambition for fractional holders is to afford them the same utilities as singular NFT owners, on a proportional basis. Moreover, we aim to introduce an additional utility layer. This will enable Creators, Curators, or even fractional owners themselves to innovate further use cases and utilities—for instance, time-sharing arrangements, flexing on social media of NFT fractional ownership, creating exclusive derivative NFTs, and gaining access to restricted communities.”

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Community Governance: How does Quantix involve its community in decision-making processes or governance within the platform?

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Quantix NFT redefines the landscape of ownership and decision-making within the NFT space by empowering its community through a Tokenized Community This innovative approach departs from traditional centralized models, placing the reins of the platform firmly in the hands of its users.

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!

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Crazy Ants Community Benefits: Could you elaborate on how the partnership with Quantix would benefit the Crazy Ants community members?

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Any Crazy Ant member can test the platform with the passcode we shared In the chat during the AMA and participate to candidate for the QNTX airdrop. The Crazy Ants Community also can benefit from participating in the Quantix Associate Program. Except for what was already mentioned, the associate program offers education where community members can become marketers, PR experts, Quantix tech devs, and consultants for clients, and of course, this entire educational development will be guided by Quantix team and brand that will give associates a trustworthiness and rise of the personal brand. Both the Crazy Ants community and Quantix community can benefit through strategic partnerships that are going to be developed in collaboration between the two parties. This will enable the Crazy Ants community, same as the Quantix community to have access to many benefits through mutual growth and goals.

Crazy Ants & Quantix AMA

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