hey there

I hope you've doing well today! I wanted to share something I came across a couple days ago that really got me thinking. I'm an NFT collector with a quite large collection and it's hard to sell NFTs a lot of the time due to a lack of liquidity. You list your NFT for sale and it stays that way for days, weeks, etc... due to a lack of liquidity in the market. You have an amazing NFT worth a few hundred bucks and you need some cash. You go to the market and there are currently no buyers. What do you do?

Liquid Collectibles

Don't worry frens, Apeswap has us covered. Apeswap is launching Liquid NFTs on Binance Smart Chain that can be traded on any DEX just like your favorite shitcoin on PancakeSwap. To understand this - firstly, and NFT is Non-Fungible Token meaning it is unique and no 2 are the same. A Fungible Token is like the US Dollar. One USD is the same as the other USD. Make sense? Cool. So Liquid NFTs are NFTs that are tokenized as a fungible token. Mind blown yet? No? Well strap in.

Artists will be able to create an Index of tokens that represent an NFT collection. This will enable users to swap in their Token for an NFT from that collection vault. Deeper? Ok, we'll go deeper.

Essentially, this will enable users to create a liquidity token pair with an NFT + WhateverToken. This will allow users to farm liquidity from that Liquid NFT/Whatevertoken pair and earn more tokens from that NFT Index. To buy more NFTs. Or to swap for BNB and do whatever they desire with it. Mind still not blown? BluDAC is another project that I've been posting about that is doing something similar with NFT + Token liquidity pairs so check that out here if you wanna learn about it.

The initial stage of Liquid Collectibles will only be NFT collections hand picked by the Liquid Collectibles team. Not just any random shitbag will be able to create NFT Token Indexes right off the bat. NFT artists will be able to apply to have their collection listed via the Liquid Collectibles Launchpad!

Ok - one more mind blower for you. This is going to spawn a new wave of initial offerings. We have Initial Coin Offerings, Initial DEX Offerings, blah blah blah. Well buckle up because this is going to spaw a new wave of Initial NFT Offerings. INFTO? maybe? too meta for you now?

Ok, my brain hurts. How the hell is that gunna work?

I got you fam. I'll give you a summarized version and there will be the full breakdown below if you wanna skip me failing to explain this. Alice wants to create an NFT collection and make sure that collectors always have liquidity within her collection. Using Liquid Collectibles, she launches a set of 1000 limited edition NFTs and collateralizes them with an Index token, 1 NFT = 100NFTi tokens. Users are now able to purchase these NFTi tokens to swap for a random NFT from the collection, or pay 5% more for a specific NFT from the collation. NFTi token holders can provide liquidity by pairing NFTi with BNB in exchange for LP tokens which can be staked on Liquid collectibles. This will yield $LICO, the native token of Liquid Collectibles. Get it? Liquidity Farming with NFTs.

I'll let your brain rest.

That was a lot of mind blowing information, I know. I'm gunna dive deeper into how this looks in another post. Just wanted to share that really quick.

Questions? Thoughts?

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