Unicly is a trading platform that enables users to combine and fractionalize non-fungible tokens (NFTs) into tradable assets through the creation of uTokens, which represent ownership stakes in NFT collections. This approach addresses the high entry costs associated with NFT trading by allowing users to invest in fractions of multiple NFTs, ensuring liquidity and accessibility for collectors and investors.
Funding
Funding not disclosed
Founders
Product
Problem
High entry costs and illiquidity limit participation in the NFT market, preventing broader accessibility for collectors and investors. Owning a diverse portfolio of NFTs can be prohibitively expensive, and selling individual NFTs can be slow and inefficient.
Solution
Unicly is a platform that enables users to combine multiple NFTs into a single collection and fractionalize ownership of that collection into tradable ERC-20 tokens called uTokens. These uTokens represent fractional ownership of the underlying NFT collection, allowing users to invest in a diversified portfolio of NFTs at a lower cost. The platform provides liquidity for NFT collections by enabling trading of uTokens on decentralized exchanges. By fractionalizing NFTs, Unicly lowers the barrier to entry for NFT investing and increases the liquidity of the NFT market.
Target Audience
The primary target audience includes NFT collectors, investors, and creators seeking to increase liquidity, diversify their holdings, and lower the barrier to entry for NFT investment.
Features
- Creation of uToken collections from any combination of ERC-721 and ERC-1155 NFTs
- Fractionalization of NFT collections into tradable uTokens
- Integration with AMMs for uToken trading and liquidity provision
- Farming program for earning UNIC tokens by staking LP tokens
- Governance system for UNIC token holders to vote on protocol changes and whitelist new uToken collections
- Auction mechanism for selling the underlying NFTs in a uToken collection