Crafting finance: Create a one-stop solution for NFT + DeFi

Recently,during summer NFT was very popular, and it will sold with a cost price of Million of dollar once in a while. The high price does not mean that the overall market value of the project is high. At present, NFTs dominated by CryptoPunks looks like the barbaric growth in the early stage of blockchain development. It is very much like the early days of crypto. In addition to the collection type “digital gold” such as bitcoin and Wright coin, there are no other “playing methods” in the market, so that’s why ICO and all kinds of ‘

scam tokens are rampant. Until the subsequent explosion in the public chain and even the fields such as DeFi, the latter was born under the condition of meeting the increasing needs of people inside and outside the circle.

Of course, there is no doubt about the future of NFT. The capture of traditional and emerging institutions shows us the infinite potential of this field. However, the current NFT space is still a carnival of speculation and speculators, and its sustainability is not strong.

To summarize the above and some other pin points of NFT：

1. Lack of liquidity leads to excessive slippage in the buying and selling process

2. Lack of market pricing, hence difficulty to value

3. Not a good collateral, because of low capital efficiency

4. A large amount of capital expenditure is required to have the opportunity to obtain a high price NFT

Crafting Finance solves NFT hic cup.

Crafting Finance is a synthetic asset project based on the Polkadot. As a comprehensive Synthetic assets platform, Crafting Finance can always provide anything the crypto world needs.

Now, Crafting finance are very excited to announce that Crafting Finance will add the NFT fragmentation function. Crafting’s NFT fragmentation will be dedicated to solving NFT liquidity and trading issues, providing a huge impetus for the development of the industry.

In Crafting, we will support any kinds of NFT for users to stake into the Forge system and forge the factions of the NFT, just like other kinds of synthetic assets. Basically, the system will support two kinds of fractions, SNFTRafts and BNFTRafts.

SNFTRafts is the single-mode, which is suggested to be used for the rare NFTs. The user could set the name, initial price and amount of the tokens. After the mint of the SNFTRafts, the NFT will be locked into the Forge-SNFT-Vault. The NFT will be unlocked only if any user buyout it.

Both the SNFTRafts and BNFTRafts can enter the sharing-debt-pool (SDP) or not, and both can be traded in the DEX, Kingsman. We believe Crafting Finance will provide an excellent liquidity solution for the NFT market, it will not only support trading, but also the upcoming NFT lending and even derivatives market.

In short, NFT fragmentation solves the premise that the fragmentation process must have. It does not need to have the target NFT. It directly targets the NFT on the chain and initiates the contract. This chain is publicly visible. People all over the world can participate in your contract and invest with you to win this NFT asset.

After the NFT fragmentation operation, the project penetration rate will rapidly increase from the previous 2% to 100%. Due to the openness and fairness of the chain, it will ensure the security and transparency of participating in NFT purchase.

NFT fragmentation is simple and operable, so that ordinary people can easily participate in NFT asset transactions. There is no securities risk, which is another historical process after the fragmentation of NFT development.

The future of NFT fragmentation

We can see that a fast-growing NFT tool is rising. In the name of practicing the development of blockchain and guided by the playing method of enabling NFT mode, crafting finance is bound to bring a new wave of NFT fanaticism.

Based on the present and looking forward to the future, crafting finance gives full play to the function of NFT carrying value and transmitting value, and gives full play to the concept of equality and openness of blockchain. Now, we invite everyone to join the crafting finance community, which will be another investment opportunity after ETH has increased tens of thousands of times.