The Piece NFT

Everyone knows NFT’s, but not everyone can afford them. Due to the huge hype around CyptoPunks a lot of attention came to the NFT space. But almost no one has enough money to buy them. With ThePiece this is made possible, each NFT is divided into fragments which are 100% backed by the real NFT.

THE PROBLEM WE SOLVE

The price of big collections are too expensive.
High gas fees make trading small projects inefficient.
It is not possible to participate in exclusive events of bigger collections just because the floor ist too high.

OUR SOLUTION

With the innovative solution of splitting NFT’s into fragments that add up in price to match the original token value of the split NFT. No crypto enthusiast will have to skip a project they like or want to invest in before upcoming events, as it is now affordable for everyone. The fragments are minted by the user, these can then be traded on secondary- or our marketplace so that no one is bound to the period of time ThePiece holds the NFT. After ThePiece has sold the NFT, all holders can burn their fragments on the site.

MONETIZE YOUR NFT

It will be possible to „sell“ an NFT on the site. Sending your NFT grants you fractions, that can be sold. Every 3 month, a vote is held in which the faction owners decide whether to sell or keep the NFT. Every time one of those fragments is sold on our marketplace the original NFT owner gets a certain percentage of the transaction fee.

BURNING FRAGMENTS

After „The Piece“ sold the NFT, every holder of a fragment can burn it on our website. After burning the fragment, it vanishes from your wallet and $PIECE tokens will be added instead. The amount of $PIECE tokens transferred to your wallet is equivalent to what your fragment would be worth after selling the real NFT.

FRAGMENT SYSTEM

Each NFT on our site is divided into fragments that can be bought. These fragments are backed by the real NFT. 

You can sell or increase your segments until the majority of the holders decide that the real NFT is going to be sold. 

The collection or the NFT from a collection is decided by a voting process, the community can choose what will be introduced next on the site. When you mint a fragment, buy one from secondary-markets or our website-own Marketplace you get a NFT, it says how many fragments there are, which fragment out of how many you have.

You can trade our fragments on our Website or any other secondary market that supports them.