Genesis Shards partners with Unic.ly to fractionalize GenTicket NFTs

  • Projects on Genpad can collaborate with Unic.ly to fractionalize their GenTicket NFTs 🧩 — this will greatly boost liquidity for the PreIDO tokens of these projects
  • Through fractionalization, investors can buy ‘fractions’ of the GenTicket NFT instead of having to buy a whole NFT. This will create a liquid “derivative” market for PreIDO tokens, increasing accessibility to the masses. 📈
  • As part of the partnership, 0xLeia has created a GenTicket NFT with the first UNIC token ever minted! She has added this to the uUNICLY collection of fractionalized Unicly-branded NFTs — there is just ONE of these in existence ! (Go grab this NFT on OpenSea here ) ✨✨
  • uToken collections on Unicly could cooperate to make a uToken “index” (like S&P 500) that represents top NFT projects. 🀄️
  • Unlike regular fungible tokens which may have thousands of buyers and sellers, every NFT transaction requires a single buyer and seller to be matched — which is a recipe for low liquidity.
  • Additionally, some of the most coveted NFTs are not affordable to the average investor — ownership in these becomes concentrated.
  • Due to this pricing out of investors from many ‘coveted’ NFTs, owning a ‘basket’ of NFTs to diversify and manage risk becomes very difficult
  • Due to all these reasons — NFT investment in its current form is inaccessible for many.

About Unic.ly

About Genesis Shards

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