Envelop enters into a technical partnership agreement with LOTTRADE
Envelop, a flexible cross-chain toolset able to give NFTs new functionality, is proud to announce that it has entered into a mutually beneficial partnership with Lottrade, the DAO governed tournament platform for amateur and professional traders.
This partnership is aimed at Envelop helping LOTTRADE to carry out a presale and implement new exciting features that will make their NFTs economically valuable and offer new possibilities to the users. This event will become the debut opportunity for future LOT holders, where they will be able to purchase wNFTs with LOT tokens inside before the IDO.
Envelop will give LOTTRADE the automated smart contract that will allow them to wrap batches of NFTs and give them new functionality such as economic set-up, on-chain royalties, rental mechanism, time/value/event-locks, protection of devaluation, and anti-fraud system.
Alexander Shedugubov, the CEO of ENVELOP, commented on the partnership: “ I see a huge potential in the LOTTRADE project since I believe in the great future of the cross-exchange gaming platforms. Our technology is a very natural path of how to help them become even more successful among their competitors. I am excited about this partnership.”
Vitalii Korshunov, the BDO of LOTTRADE quoted: “It’s a great pleasure for me to see Envelop in the list of LOTTRADE partners. This project delivers real market solutions promoting the mass adoption of NFTs. This partnership opens huge opportunities for LOTTRADE, and now we can move even faster towards reaching our key goals.”
ENVELOP is a cross-chain protocol that utilizes NFT as storage for cryptocurrencies or additional NFTs in a process called “wrapping.” Using the protocol, it’s possible to add any digital asset inside NFTs. The assets, also known as collateral, can range from static to dynamic, with custom programmable fees charged with every transaction and stored into a vault for later withdrawals.
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