Yes, DODO can facilitate the creation and trading of NFTs. The platform includes features for NFT issuance and liquidity through its NFT Fragmentation and Crowdpooling offerings. Hereâs a breakdown of how DODO enables NFT-related activities:
1. NFT Vaults:
DODO offers NFT vaults where users can create and issue their own NFTs. These vaults allow users to deposit their NFTs and issue ERC-20 tokens that represent fractional ownership of those NFTs. This process is called NFT fragmentation, and it allows users to break down high-value NFTs into smaller, tradable pieces. This makes it easier for users to trade or pool liquidity around NFTs.
2. Crowdpooling for NFTs:
DODOâs crowdpooling mechanism enables creators to launch their NFT projects by generating liquidity for their NFT-related tokens. Through this method, creators can raise funds from the community, and in return, participants get access to the NFT tokens or fractionalized NFT assets.
3. DODO NFT Minting:
Through specific NFT issuance events or campaigns, users can mint their own NFTs on the platform. DODO may partner with artists or creators to launch NFT series that can then be traded in a decentralized marketplace environment.
4. NFT Liquidity:
Unlike many NFT marketplaces that simply allow for the sale of NFTs, DODOâs unique Proactive Market Maker (PMM) model enables better liquidity provision for NFT-based tokens. This means NFTs or their fractionalized counterparts can have more efficient pricing and better liquidity, making them more tradeable.
In summary, DODO does more than just support NFTs; it enables users to issue, fractionalize, and trade NFTs or NFT-backed tokens with enhanced liquidity through its DeFi tools.
