Topic: [ANN] Lapis an Efficient NFTs and DeFi (Read 105 times)
What's your Lapis token address?
About Lapis
The Lapis protocol at its core is a free market for creative works. Each work has a permanent market to enable perpetual price discovery, and has flexible terms of exchange for creators and buyers. Creators can set a permanent ownership stake in their works to receive a share of revenue whenever an exchange is made. Similarly, buyers can also share in revenue of a future trade.Every second, consumers and creators make an uncountable number of choices about works they interact with. Every minute, platforms are aggregating and monopolizing these choices and leeching value from those who create it. Now, it’s time for creators and consumers to escape the confines of monopolistic platforms and enter the Lapis Gallery.
Implementation.
Lapis is an efficient pricing market for NFTs and a DeFi platform. The Lapis protocol represents works in the form of ERC-721 tokens, the standard for NFTs. Lapis establishes perpetual bid markets for each work that is created, enabling a liquid market for previously highly illiquid assets. Work owners do not have to manually list works for sale and can accept bids at any time. When a bid is accepted, or an ask fulfilled, revenue from the sale will be split amongst the shareholders. Shareholders for a work are limited to the owner, the previous owner, and the creator. All market data is accessible to any market participant.Lapis also utilizes cryptographic checks to ensure that works and their metadata is unique. The checks are enforced within the protocol and can be called at any time by any user.
Along with pure price discovery of a work through transfers, Lapis will also implement voting mechanisms to allow users to voice their appreciation for a work without having to bid for ownership.
Lapis will also extend the platform functionality to introduce more elements of DeFi, such as liquidity mining and tokens swaps.
Lapis is designed to be a multi-chain protocol that will be deployed to EVM compatible chains (Polygon, Fantom) first. Initially, Lapis will be deployed to Binance Smart Chain (BSC), because of its low, accessible fees and significant adoption. As protocol adoption grows, Lapis will also be developed for and deployed on emerging chains such as Solana.
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