Kriptoks

Unicly is a community-governed and permissionless protocol that is transforming the NFT market. Designed by NFT collectors and DeFi enthusiasts, the protocol encourages liquidity and enables seamless trading of NFT assets.

Previously, LP positions on Uniswap were represented as ERC-20 (fungible) LP tokens. However, Uniswap v3 has changed the game by representing LP tokens as unique NFTs. On May 28, 2021, a member of the Unicly community fractionalized a Uniswap v3 NFT worth around $130 in the USD/USDT pair on Uniswap.

While NFTs were initially used for digital collectibles, gaming items, music, and art, they are now finding new use cases in the financial sector. Uniswap v3 is leading the trend, with every LP position represented by an NFT.

Although the market for art, music, and collectibles is large, it is highly fragmented, and it may take years before the NFT asset class grows to the scale of billions of dollars solely based on these sub-segments. In contrast, financial NFTs may scale much faster. In just one month, Uniswap v3's total value locked (TVL) has grown from zero to $1.75 billion, despite a turbulent month end for overall crypto markets. The growth of financial NFTs is remarkable, and this particular use case may be the catalyst that propels the NFT market into a trillion-dollar asset class.

The potential presented by financial NFTs to Unicly is immense. Cryptocurrency projects may have a responsibility to provide liquidity on a decentralized exchange while simultaneously needing to monetize their locked-up treasury. With Unicly, these teams can meet both requirements by opening an LP position on Uniswap v3, fractionalizing the resulting NFT on Unicly, and selling a portion of the newly minted shards.

Unicly has several unique features that make it stand out from other NFT trading and fractionalization platforms:

1. Community-Governed: Unicly is fully community-governed, with all decisions made through a transparent and decentralized voting process. This ensures that the protocol is always aligned with the interests of the community.
2. Permissionless: Anyone can create a pool on Unicly, and there are no restrictions on the types of NFTs that can be pooled.
3. Dual-Token Model: Unicly has two native tokens: UNIC and UNICLY. UNIC is a governance token that gives holders voting rights, while UNICLY is a liquidity token that provides a share of the fees generated by the protocol.
4. Seamless Trading: Unicly's trading interface is user-friendly and straightforward, making it easy for users to buy, sell, and trade NFTs.
5. Fractionalization: Unicly enables users to fractionalize NFTs, making them more accessible to a broader range of investors.
6. Staking: Unicly also allows users to stake their UNICLY tokens, earning a share of the fees generated by the protocol.

Unicly is transforming the NFT market by providing a seamless trading experience and encouraging liquidity. With its community-governed and permissionless protocol, dual-token model, and fractionalization capabilities, Unicly is well-positioned to become the go-to platform for NFT collectors and DeFi enthusiasts alike. The growth of financial NFTs is only just beginning, and Uniswap v3 is leading the way. Unicly's unique features and capabilities make it an exciting platform to watch as the NFT