In alignment with our DAO principles , ENVELOP has taken the strategic decision to transfer the $NIFTSY token from all Centralized Exchanges to Decentralized Exchanges as of June the 1st 2022. The token will remain on DEXs and additional liquidity pools will be added for defi services on other platforms and on ENVELOP dapps.
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Topic: [ANN]Envelop is cross-chain liquidity solution, providing NFTs (Read 327 times)
SAFT wNFT — The New tool for Startups and VCs
For the first time ever, an Animoca Brands wNFT contribution arrangement was tested in October 2021. Due to the success of this transaction, the Envelop team decided that it would be a good idea to make this service available to other start-ups, venture capitalists, and market speculators.
SAFT wNFT is a win/win option for both venture capitalists and businesses. The most significant advantages are token dump protection, obtaining liquidity for the secondary market, and automating the VC-startup connection via smart contracts.
When compared to existing investment approaches, such as mechanical sending or “locker” smart contracts, wNFT provides more freedom to the VC fund and lowers operating costs. For example, a SAFT-contract “locker” development can cost between USD 4,000 and USD 7,000, whereas SAFT wNFT is free upon staking $NIFTSY tokens.
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For the first time ever, an Animoca Brands wNFT contribution arrangement was tested in October 2021. Due to the success of this transaction, the Envelop team decided that it would be a good idea to make this service available to other start-ups, venture capitalists, and market speculators.
SAFT wNFT is a win/win option for both venture capitalists and businesses. The most significant advantages are token dump protection, obtaining liquidity for the secondary market, and automating the VC-startup connection via smart contracts.
When compared to existing investment approaches, such as mechanical sending or “locker” smart contracts, wNFT provides more freedom to the VC fund and lowers operating costs. For example, a SAFT-contract “locker” development can cost between USD 4,000 and USD 7,000, whereas SAFT wNFT is free upon staking $NIFTSY tokens.
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[Recap] Oort Digital x Envelop AMA
TLDR:
- with the Envelop’s wrapping technology, Oort Digital can support some NFT collections with zero collateral.
- with the Envelop’s multi-royalty functions, Oort Digital can also build a platform to support all the onboarded NFT/GameFi projects to easily create and manage their scholarship programs.
- with Envelop’s technology, borrowers will soon be able to borrow a specific usage of a particular NFT, instead of the whole usage, with a much lower cost. For example, I might be in a middle of a battle and I just need to borrow a sword to kill the boss
- Oort Digital is also adding gamification/incentive layers on top of the Envelop community and aims to bring more fun to the Envelop community beyond money/finance. For example, Oort Digital has enabled Envelop community to create their own clan of heroes with the Envelop logo on it, and they can team up to compete against other projects.
- Oort Digital will soon launch our own SDK that allows any NFT/GameFi project to just write a few lines of code, to enable zero-collateral leasing of their NFT collections.
- Right now the leasing is completely free for users to use. Soon after we have enough users on board, we will start charging a small fee on top of lenders (not the borrowers).
TLDR:
- with the Envelop’s wrapping technology, Oort Digital can support some NFT collections with zero collateral.
- with the Envelop’s multi-royalty functions, Oort Digital can also build a platform to support all the onboarded NFT/GameFi projects to easily create and manage their scholarship programs.
- with Envelop’s technology, borrowers will soon be able to borrow a specific usage of a particular NFT, instead of the whole usage, with a much lower cost. For example, I might be in a middle of a battle and I just need to borrow a sword to kill the boss
- Oort Digital is also adding gamification/incentive layers on top of the Envelop community and aims to bring more fun to the Envelop community beyond money/finance. For example, Oort Digital has enabled Envelop community to create their own clan of heroes with the Envelop logo on it, and they can team up to compete against other projects.
- Oort Digital will soon launch our own SDK that allows any NFT/GameFi project to just write a few lines of code, to enable zero-collateral leasing of their NFT collections.
- Right now the leasing is completely free for users to use. Soon after we have enough users on board, we will start charging a small fee on top of lenders (not the borrowers).
Oort Digital x Envelop Integration Progress Report
Integration Progress
Envelop has delivered wrapping technology for all NFTs (both ERC-1155 and ERC-721). Envelop has implemented a zero-collateral leasing function as well as online support for the zero-collateral leasing on both Polygon and BSC.
Oort Digital has created Hero NFTs to be leased with zero-collateral in RPG battle games. NFTs are enabled to supply the leasing pool with a “batch listing” feature. NFTs on both Polygon and BSC networks can use project leasing (over-collateral leasing).
How does the partnership benefit both Oort Digital and Envelop communities?
By cooperating with Envelop, Oort Digital can achieve collateral-free leasing for NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender. By adding application laters (games, DeFi, Metaverse) on top of Envelop and letting Envelop protocol become the backbone of the Oortverse, Oort Digital will also create more value to accelerate wider adoption of Envelop’s protocol across the globe.
Revenue Share
Oort Digital and Envelop have launched the V2.0 NFT Leasing App, with increasing daily use. V3.0 NFT Leasing App that supports both BSC and Polygon NFTs, batch listing, and zero-collateral for whitelisted NFTs, will be launched in April.
When integration with Envelop’s wrapping protocol is complete, Oort Digital will share the collateral-free leasing revenue with Envelop, while both players and NFT owners have a better play-to-earn and metaverse experience.
Integration Progress
Envelop has delivered wrapping technology for all NFTs (both ERC-1155 and ERC-721). Envelop has implemented a zero-collateral leasing function as well as online support for the zero-collateral leasing on both Polygon and BSC.
Oort Digital has created Hero NFTs to be leased with zero-collateral in RPG battle games. NFTs are enabled to supply the leasing pool with a “batch listing” feature. NFTs on both Polygon and BSC networks can use project leasing (over-collateral leasing).
How does the partnership benefit both Oort Digital and Envelop communities?
By cooperating with Envelop, Oort Digital can achieve collateral-free leasing for NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender. By adding application laters (games, DeFi, Metaverse) on top of Envelop and letting Envelop protocol become the backbone of the Oortverse, Oort Digital will also create more value to accelerate wider adoption of Envelop’s protocol across the globe.
Revenue Share
Oort Digital and Envelop have launched the V2.0 NFT Leasing App, with increasing daily use. V3.0 NFT Leasing App that supports both BSC and Polygon NFTs, batch listing, and zero-collateral for whitelisted NFTs, will be launched in April.
When integration with Envelop’s wrapping protocol is complete, Oort Digital will share the collateral-free leasing revenue with Envelop, while both players and NFT owners have a better play-to-earn and metaverse experience.
DAO Envelop, a multi-chain NFT protocol, is pleased to announce a new partnership with OKC, the blockchain and ecosystem of one of the world’s largest and most innovative cryptocurrency exchanges and financial services — OKX. Envelop has implemented its protocol on the OKXChain and ecosystem. This enables Envelope to provide all its products within the OKXChain and operate joint services for wrapped NFTs.
source: https://envelop.medium.com/envelop-partners-with-okc-deefc4705ff5
source: https://envelop.medium.com/envelop-partners-with-okc-deefc4705ff5
DAO ENVELOP is the new Arcona XR Metaverse partner!
Very soon, the ENVELOP team's pilot GameFi project will roll out on Arcona Digital Lands! Users of both platforms will get an exciting experience playing in an augmented reality metaverse and will be able to appreciate the advantages of working with smart NFTs in combat mode!
In the future ENVELOP will become our strategic partner in Castles and Dragons game, which provides NFTs integration with advanced functionality.
https://t.me/envelop_en/38728
Very soon, the ENVELOP team's pilot GameFi project will roll out on Arcona Digital Lands! Users of both platforms will get an exciting experience playing in an augmented reality metaverse and will be able to appreciate the advantages of working with smart NFTs in combat mode!
In the future ENVELOP will become our strategic partner in Castles and Dragons game, which provides NFTs integration with advanced functionality.
https://t.me/envelop_en/38728
January 22, 2022, 07:39:01 PM
Envelop's 2021 Milestones from the Ambassadors https://www.tiki-toki.com/timeline/entry/1790587/Envelop-2021/
January 18, 2022, 08:20:24 AM
January 11, 2022, 07:59:54 AM
Envelop, a cross-chain NFT protocol, is glad to announce that Near, a non-profit foundation responsible for contracting protocol maintainers, funding ecosystem development, became a financial supporter of wNFT technology, qualifying it for a $50K Testnet Launch grant.
https://envelop.medium.com/envelop-receives-grant-support-from-near-64cf55616052
https://envelop.medium.com/envelop-receives-grant-support-from-near-64cf55616052
January 05, 2022, 08:20:27 PM
ENVELOP (NIFTSY) receives a grant and launches a protocol on the Harmony test network
https://envelop.medium.com/envelop-receives-grant-support-from-harmony-66d17918ed13
https://envelop.medium.com/envelop-receives-grant-support-from-harmony-66d17918ed13
December 23, 2021, 09:01:23 AM
L3, the next level for cross-chain
Quote
instead of creating another bridge or cross & multi-chain DRC, DAO ENVELOP focuses on developing high-level mechanisms for transferring liquidity, creating a market for secured derivatives, etc.
December 01, 2021, 08:20:54 AM
NFTcraft, a gaming NFT metaverse fully backed with ETH, is proud to announce that we have entered into a mutually beneficial technical partnership with Envelop.
NFTcraft has outlined a partnership with Envelop in the following areas:
Possibility of leasing NFT through overcollaterization. Owners of legendary dwarves will be able to rent them out and profit from it! Other players will be able to rent and play these NFT dwarves for free!
Increasing NFT parameters through overcollaterization. Whatever NFT dwarf you have, you will be able to deposit tokens into it, thereby increasing its parameters and the economic return from the game!
The overcollateralized leasing mechanism means that the NFTs go directly into the borrowers’ wallet, which gives the borrowers complete ownership of the NFTs, and they can choose not to return them. To mitigate the risk of losing their NFTs, lenders have to set high collaterals, which discourage borrowers from borrowing.
With Envelop’s wrapping technology, the borrowers don’t need to provide any collateral because the original NFTs will be wrapped into wNFTs that go into the borrowers’ wallets with a time lock. When the lease term expires, the original NFTs will be released from the wNFTs and returned to the lenders.
By cooperating with Envelop, we can achieve collateral-free leasing for some NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender.
NFTcraft has outlined a partnership with Envelop in the following areas:
Possibility of leasing NFT through overcollaterization. Owners of legendary dwarves will be able to rent them out and profit from it! Other players will be able to rent and play these NFT dwarves for free!
Increasing NFT parameters through overcollaterization. Whatever NFT dwarf you have, you will be able to deposit tokens into it, thereby increasing its parameters and the economic return from the game!
The overcollateralized leasing mechanism means that the NFTs go directly into the borrowers’ wallet, which gives the borrowers complete ownership of the NFTs, and they can choose not to return them. To mitigate the risk of losing their NFTs, lenders have to set high collaterals, which discourage borrowers from borrowing.
With Envelop’s wrapping technology, the borrowers don’t need to provide any collateral because the original NFTs will be wrapped into wNFTs that go into the borrowers’ wallets with a time lock. When the lease term expires, the original NFTs will be released from the wNFTs and returned to the lenders.
By cooperating with Envelop, we can achieve collateral-free leasing for some NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender.
November 22, 2021, 09:14:07 AM
Envelop enters into a technical partnership agreement with LOTTRADE
Envelop 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.
Envelop 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.
November 16, 2021, 08:15:50 AM
Oort Digital, a DeFi + GameFi/Metaverse project to add functionalities on top of your NFTs, has officially announced a partnership with Envelop, an NFT cross-chain and wrapping protocol aimed at building an NFT collateral-free leasing APP to provide a better play-to-earn and Metaverse experience for both game players and NFT owners.
Oort Digital has already launched an NFT overcollateralized leasing APP. Under the overcollateralized leasing mechanism, when the borrowers borrow NFTs from the lenders, the NFTs go directly into the borrowers’ wallet, which gives the borrowers complete ownership of the NFTs, and they can choose not to return them. To mitigate the risk of losing their NFTs, lenders have to set high collaterals, which discourage borrowers from borrowing.
With Envelop’s wrapping technology, the borrowers don’t need to provide any collateral because the original NFTs will be wrapped into wNFTs that go into the borrowers’ wallets with a time lock. When the lease term expires, the original NFTs will be released from the wNFTs and returned to the lenders.
What’s more, borrowers can choose to borrow a particular usage of the original NFT (usage 1, usage 2, usage 3 etc.) instead of the full usage. In other words, we can now create derivatives on top of the underlying/original NFTs.
By cooperating with Envelop, we can achieve collateral-free leasing for some NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender. By adding application laters (games, DeFi, Metaverse) on top of Envelop and letting Envelop protocol become the backbone of the Oort Universe, we will also create more value to accelerate wider adoption of Envelop’s protocol across the globe.
Oort Digital has already launched an NFT overcollateralized leasing APP. Under the overcollateralized leasing mechanism, when the borrowers borrow NFTs from the lenders, the NFTs go directly into the borrowers’ wallet, which gives the borrowers complete ownership of the NFTs, and they can choose not to return them. To mitigate the risk of losing their NFTs, lenders have to set high collaterals, which discourage borrowers from borrowing.
With Envelop’s wrapping technology, the borrowers don’t need to provide any collateral because the original NFTs will be wrapped into wNFTs that go into the borrowers’ wallets with a time lock. When the lease term expires, the original NFTs will be released from the wNFTs and returned to the lenders.
What’s more, borrowers can choose to borrow a particular usage of the original NFT (usage 1, usage 2, usage 3 etc.) instead of the full usage. In other words, we can now create derivatives on top of the underlying/original NFTs.
By cooperating with Envelop, we can achieve collateral-free leasing for some NFTs, significantly reducing the borrowing costs for the borrower while minimizing the leasing risk faced by the lender. By adding application laters (games, DeFi, Metaverse) on top of Envelop and letting Envelop protocol become the backbone of the Oort Universe, we will also create more value to accelerate wider adoption of Envelop’s protocol across the globe.
November 10, 2021, 08:51:06 AM
NFT wrapping interface is available. Now it became accessible for everyone to wrap NFT just in a few clicks
https://app.envelop.is/#/
https://app.envelop.is/#/
November 04, 2021, 11:21:12 PM
November 03, 2021, 08:28:35 AM
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