What Is Envelop (NIFTSY)?
Watch this explainer video to understand what the project is and what problems Envelop is solving.
B— L — O —C — K — chain
Digital money, Smart contracts, NFT, IDO, decentralization, transparency
So many opportunities… but so many challenges
Some financial manipulators, by their actions, confuse blockchain solutions and block their development.
The idea that the blockchain should bring copyright and royalties protection to the next level is quite old. But the realizations of this idea are not perfect at all.
There is another problem of determining the value of a particular cryptocurrency or NFT.
These and other problems need to be solved.
Fortunately, the blockchain infrastructure is evolving.
My name is “E”, Mr. “E”.
And I represent the ENVELOP project.
Many things have already been invented in the blockchain to date: tokens, smart contracts, platforms for creating your own coins, NFTs, exchanges for buying, selling and exchanging all these blockchain resources.
ENVELOP is another step in the development of crypto technologies.
The protocol that works with NFT and cryptocurrencies.
The idea is simple, but disruptive!
Let’s assume you have an NFT, bitcoin and ethereum
Using the ENVELOP protocol, you can “Wrap” the original NFT accompanied with several tokens. Technically, you get a similar NFT.
What is the breakthrough here?
Once wrapped, the token has a number of additional features that were not available before.
The minimal cost appears. It is provided with coins wrapped together with NFT.
An asset wrapped with ENVELOP has a number of properties that allow the original author to receive royalties from the resale of that asset.
Various rules can be applied to the wrapped token. For example, a lock period for unwrapping. It secures the asset till the determined moment or safeguards it from speculation during the hype period.
At the same time wrapped tokens can be transferred and traded.
These are just some of the scenarios for using ENVELOP!
NFTs become more popular and the tools provided by ENVELOP expand the opportunities of NFTs utilization.
Wide application possibilities are achieved due to the fact that, in addition to the protocol, the project includes a number of subsystems.
The protocol, provides functions wrapping and unwrapping.
Oracle mechanics, provides asset valuation using analytical algorithms.
Index, provides a summary assessment of several NFT assets with the common criterias.
The project has its own token, which connects all elements of the system.
All together — this is ENVELOP. A tool in the blockchain world for building modern and secure systems in various fields.
Find more info about the project on the website
ENVELOP — new possibilities for using NFT.
Make your NFT valuable. Just protocol. No hype!