unicly

Unicly is a permissionless, community-governed protocol to combine, fractionalize, and trade NFTs. Built by NFT collectors and DeFi enthusiasts, the protocol incentivizes NFT liquidity and provides a seamless trading experience for NFT assets by bringing AMMs and yield farming into the world of NFTs.

Buying NFTs is quite a laborious process. Fungible tokens may have thousands of buyers and sellers, but every NFT transaction depends on matching a single buyer and a single seller, which leads to low liquidity. In addition, many users are being priced out of some of the most desirable items, leading to more concentrated ownership and pent-up demand. Furthermore, it is difficult for an average investor to build a large, diverse portfolio of NFTs, which makes investing in them inherently riskier. As a result, the NFT space is experiencing accessibility issues.

Fractionalization allows more people to trade NFTs at lower price points, enabling more of us to have ownership of even the most coveted NFTs. It even allows casual investors to buy small amounts in NFT projects that they like as if they were liquid tokens.

Unicly will attract and incentivize all stakeholders in the wider blockchain ecosystem to participate in the NFT ecosystem. Just like how projects launch tokens on Uniswap, collectors and/or creators will be able to launch exciting NFT collections through Unicly, and benefit from better price discovery and more accessibility. Traders and casual investors will experience higher liquidity on a familiar AMM model. Meanwhile, yield farmers will be incentivized to earn rewards by providing liquidity.