WINNER CHAINLINK SPRING HACKATHON 2021: FRACT - A NEW WAY TO ANIMATE NFTs
0What is Fract.io?
Fractional Interactive NFTs
We are creating an NFT Editor that enables you to design multiple layers of Interactive Art.
Every layer can be animated and tied to Oracle Data, with the Image Data hosted on IPFS.
For Example : You have a rocket, its movement on y axis is tied to the ETH Price from the Oracle. The entry price is tied to the start position of the rocket (sitting on the launchpad), while different “target prices” are tied to different layers of the same animation - (the rocket going past the moon, for example).
It’s possible to stack multiple layers How deep the layer-stack can become is still being researched, but we are planning on allowing up to 12 layers at a minimum.
After you have created your dynamic Artwork you can save it as Pyenamic NFT [PYE] The Saved NFTs are subgraphed and made readable to the public. As a “Pyenamic NFT,” you are able to split your NFT into a fixed amount of different ownership fractions, card Fractios [FRX]. This way, you have a choice to trade any NFT you own as a whole, or sell just a percentage of the ownership - Anything from 1 FRX to 1000 FRX is possible!
Each “Pyenamic” NFT, when fractionalized, will spawn its own FRX token in the form of a unique ERC20 with a 0x address. They would be individually named - "FRX-ETH-Moon" for example
These FRX tokens can then be placed on the Marketplace for a Bid Auction or as Direct Sale.
There will be a third Party Plugin to allow cross origin Websites to display our Interactive Artworks anywhere on the web3.
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