HootDex will be integrating it’s NFT liquidity pool protocol into HootDex in the near future, this will allow holders of NFTs minted on the Pecu Novus Blockchain Network to unlock value through the use of liquidity pools.
Members will be able to stake their NFT’s that are held in the MVault and fractionalize them through the use of a fungible token that would represent the NFT. This can provide greater interest from smaller collectors and can provider greater value for the creators.
The fungible token representing an NFT will be listed on HootDex and members will be able to swap project tokens and Pecu for fungible tokens representing a fractional ownership of the NFT.
For greater reach all NFTs minted on the Pecu Novus Blockchain Network are eligible to list their NFT for sale on the FortisAB Digital Marketplace. This provides for greater discovery and the option to tokenize some NFTs and sell others. It also gives the NFT creator the ability to just showcase them for viewing, collectors will be able to place offers if the creator unlocks that feature.
Another important feature of HootDex are the end to end security and proprietary security protocols set in place to protect members from fraud and theft. Because HootDex is a decentralized extension of the MVault, those same security protocols are able to be put in place.
Simplicity is key, HootDex was developed for ease of use but with having a serious system on the backend. Basically bridging Web2 with Web3 and providing the security that is needed for decentralized systems.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.