15 Nov 202117:59
NFracTion AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
Alen Dolsak, owner & co-founder of NFracTion
Alen DolsakHello everyone, really nice to be here in this amazing community.
How is everyone doing?
Myko (CryptoDiffer)Welcome Alen, thank you for taking your time today
Alen DolsakThank you for having me. Elio should`ve been with us as well, but he got stuck on a business trip, so we`re sorry he couldn`t join us.
Myko (CryptoDiffer)yes, that’s sad;(
let’s begin with the introduction
Q1: Can you introduce yourself to our community?
Alen DolsakHello to everyone in the CryptoDiffer community, I would like to thank you all for your attendance.
Elio is the CEO of the NFracTion project, we are sorry that he can`t be here with us today as he is stuck on a business trip. His primary background comes from professional sports, Elio is a master of two martial arts, Brazilian Jiu Jitsu black belt and Muay Thai Kru, which he also actively teaches, he is also bachelor of strength and conditioning. He's been heavily involved in sports for about twenty years and was also involved in numerous successful international projects, but in the past four years became extremely enthusiastic about cryptocurrencies and crypto market overall.
The team behind the NFracTion is very broad, currently we have 15+ people actively working hard on the project. To name a few, I am Alen Dolsak, Co - founder behind the project and NFracTions business development specialist, with more than 10 years of experience in building start up projects.
Next in line is Ales, who is our CTO & lead developer with 8+ years of experience as a development ninja for UI/UX focused projects. And of course manny more.
Q2: Can you introduce NFracTion to us?
Alen DolsakNFracTion is a unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams.
The main goal of NFracTion is to create a friendly UI/UX for the marketplace, that is easy to use and manage for any user.
NFracTion delivers a superb cross -chain marketplace for the crypto community, with main network ERC20 at the launch, after that adopting Solana, Cardano and BSC as well. Modernly designed with extra care for best user experience, which makes collecting puzzle pieces fun and provides higher revenues than standard single-piece art trading/collecting.
Marketplace will basically allow us to mint and trade all kinds of NFTs with special focus on user experience as we strive to engage "non-crypto" users into the NFT world too.
Fractionalized NFTs and our unique gamified features are basically our main product and in this sector potential is endless.
We see the opportunity in creating a healthy ecosystem with high-end artists and attracting "true collectors".
We want to add value to the products itself, not only boost sales as many major players in the marketplace sector do.
To achieve that we are preparing a supportive environment, such as mobile app, landing pages, extra exposure for active users, reward/loyalty programs, buybacks etc.
Our complete concept is quite unique and we don't feel comfortable comparing ourselves too much. NFT market got so BIG that there will always be enough room to cooperate and share the vision of solving the biggest problems in the sector, such as security, utility and non-crypto adoption with familiar projects.
NFracTion will always stay flexible in some way and upgrades will be implemented due to market/community signals and we want to seek partners, not competitors.
Hope I was not to long with my answer.
Myko (CryptoDiffer)you weren't thanks
now the last one
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?
I must say I'm very proud of the team on that matter, because no matter what happened, we've managed to solve any problem that may have occurred. We were able to complete all the presale rounds with some amazing names and successfully completed the IDO as well as launched our token on Uniswap. After that we have also managed to:
-launch staking pools
-launch our web app where you can sell or buy NFTs
The next in line are:
-launch on BSC chain
-release of NFT Jerseys
-release of NFT Puzzle packs
-release of NFT Raffles
-listing on CEX
-and much much more
We invite everyone to follow our progress on our official TG channel https://t.me/nfraction_announcements
Cryptodiffer CommunityNFracTion says it will capitalise the best from the NFT and traditional market in sector of sport fans and memorabilia. This is awesome, so how many partnership deals have you sealed so far and how has the feedbacks been? Do they really like this new NFT concept of yours?
Alen DolsakWe already announced a major partnership with MMA ON. The people behind are running 15+ worldwide MMA organisations, such as Brave FC, WFC etc., as stated.
We are in talks with some really big names for potential partnership, but due to the confidential nature of those talks it is too soon to talk about it. Once any new partnership is settled, we will announce it. The partnership is giving our project a great value in terms of recognising a quality product, which is much needed on the market.
Partnership with MMA and MMAON came first, because of Elios primary background. After all he`s been in this game for some time now and has many connections and references which come handy in this project.
Regarding the “payment” to a partner, each individual partnership is unique and so are the terms, so there is no general answer to that question, also, most of those information is confidential.
Cryptodiffer Community-Do you plan for BSC or Your project in future??
-Do have plans to add your project in various blockchian in the future????
Alen DolsakI think this question was already answered, but let`s do it again. Sure, the next blockchain we go to is BSC and it is planned to be live soon. After that we also plan to addopt Cardano and Solana, and we are also looking in some other chains as well.
Cryptodiffer CommunityI see that NFracTion is Moving in Gaming & Music Space also,
What will NFracTion revolutionize the Music Industry? What Opportunities You will have?
Alen DolsakThe NFT universe is endless in the terms of expansion. Like said before, right now our primary focus is sports and sports memorabilia, but we are also developing gaming, arts and gamified features as well.
As mentioned before our team is steadily working on upgrades and researching market/communitiy needs. Most focus in 2022 will be on settling additional strong partnerships in the sports sector and getting involved in the gaming/music world, but we are most definitely not counting out other segments too.
Cryptodiffer CommunityAs $NFTA Token is currently traded on Uniswap, do you plan to list it on other exchanges as well?
Alen DolsakCorrect, for now it is listed on Uniswap, but we are taking a serious look into listing on CEX asap. We hope to get it done in early November, but we can`t promise anything for sure. Also, once we addopt BSC we can list it on Pancakeswap for example.
Cryptodiffer CommunityI Want To Know about the Key Utilities and the Use Cases of the $NFTA Token , What Various Roles Does it Play in the NFraction Ecosystem and What Incentives I will get by holding it ?
Alen DolsakOur token is used to support our main feature - acquiring Puzzle packs with them. We need to support direct FIAT payments, but in the back of the process each pack will acquired with $NFTA token.
There will also be lower fees and other benefits for using our token on marketplace trading and for our long-term adopters we are preparing staking/farming programs that will be very appealing to anybody.
During the development and upgrades we are always looking for additional token utility on a long-term and will implement those accordingly. Staking is live already for example ➡️h ere you can find three staking pools that are available at this moment: https://staking.nfraction.com/#/
Cryptodiffer CommunityWhat efforts are you putting into place to add value to your products as well as add value to your project?
Alen DolsakWe always wanted to deliver something unique & special, so we started to think outside of the box and we came up with ideas and concepts that will encourage participation from the non - crypto world.
For example, we are creating a healthy and strong ecosystem with and for high-end artists which will attract "true collectors”, who give great value on a polished product. We want to add value to the products itself, not only boost sales as many major players in the marketplace sector do. There is too much meaningless dead weight on the market these days.
Having multiple years of experience from the traditional market, we believe that we have more than enough competencies, to build a bridge between the both worlds and offer the best of both.
Our team is always flexible in the best way possible and that is something that will never change. In that aspect we always want to involve our community and market feedback for future upgrades.
Cryptodiffer CommunityI read from an article that NFracTion is an NFT Fractionalizer that breaks digital art into puzzle pieces. How does this work? In how many pieces will the NFT fraction be? Can the user work with a piece of the NFT or the users will have to collect all the pieces of the particular NFT? And what happens if there is a situation of multiple ownerships?
Alen DolsakThe puzzle piece is divided into 32 pieces, which can be acquired later on through randomly generated puzzle packs. Later on we will allow custom settings, but we would like to test the market first and then adjust accordingly to the community feedbacks.
Puzzle packs as puzzle pieces can be sold or traded, you see, the fate of the packs is in the user’s hands. Afterwards, when the user acquires/collects all 32 pieces of particular NFT, a new "whole" NFT is minted for the collector, therefore, creating the opportunity for no "multiple ownerships".
If there is a chance of multiple ownerships, then the user can make an individual deal with another user, to close out a deal on the terms they desire.
Cryptodiffer Community💢During these days a lot of projects are target to suffer hack and rugpulls due the poor security that the project have, so can you tell us how much stronger are your security measures? Are you audited ?
Alen DolsakGood question. For example, security wise, our smart contracts are using standarized codes. To address the challenges considering security, for now the team has done an amazing job on overcoming any challenges and obstacles that were met on the path.
You can ask additional questions about security, on our official channels and we’re be gladly to answer them:
Our SC were of course audited. The process was taken care of by Solidity Finance. You can find the report on the following link: https://solidity.finance/audits/nFractionVesting/
Cryptodiffer CommunityI missed out on your Presale, where can I buy NFracTion token ?
Alen DolsakPresale and IDO are completed, but you can trade token on Uniswap at this moment. You can find it on this link https://app.uniswap.org/#/swap?outputCurrency=0x9a54a39a8d78cd6031636628a11c890124b1b5cf or if you visit our website https://app.nfraction.com/
Cryptodiffer CommunityWe Have seen many NFT marketplaces on which NFTs are Tradable On Other Marketplace as well through cross-chain,
I am eager to know that Does Puzzle Packs NFTs are traded only on NFracTion Platform?
Or other Normal Marketplaces as well?
Alen DolsakPuzzle pack is our unique feature and it will for now only be used for our exclusive collections, at least for now.
Cryptodiffer CommunityWhy do You think That NFTs into Puzzle Pieces will be more Valuable than a Single NFT?
What Increases its Value?
Alen DolsakKey points of our puzzle concept are gamified and entertaining way of collecting quality and valuable NFTs, also collector can acquire really rare/worth piece for small amount through our randomly generated Puzzle packs and on the other hand, our calculations say that this concept should generate up to 50x higher revenues to artist in comparison to standard single-piece art sell and it will produce exposure for great artist to "create a name.
Myko (CryptoDiffer)Thanks a lot for the ama!
Alen DolsakThank you @mykocryptodiffer for having us💚, it was fun and we hope the community got a better look into NFracTion🧩.
If anyone has additional questions, please reach out to us: