🌐Design Structure

The overall LIQNFT structure can be broken up into the following 6 components or actors:

NFT Owners. They provide existing NFTs to be pledged into an LIQNFT vaults which will then be franctionalized into OT that will then be minted to buyers through a primary sale process. NFT Owners will receive the OT sale proceeds as well as a share of translation fees generated from trading activities on the LIQNFT platform.

Artists.They are the backbone of LIQNFT's NFT community, bringing original and authentic artwork into the digital space to be serialized into limited edition ST. Artists will receive the sale proceeds as well as royalty payments from future trading activities.

Primary Buyers. They are the buyers that will purchase the OT or ST directly from the NFT Owners through the primary sale. Buyers of primary OT or ST benefit from lower transaction fees discount as well as in the case for ST - more desirable serial number.

Secondary Buyers/Sellers. They are the participants in the secondary market once the OT or ST have been minted through the primary sale event. Secondary buyers and sellers are responsible for keeping the LIQNFT market running effectively with deep liquidity and fair market prices.

LIQNFT Admin. The contract manager / admin will play 2 roles in the overall ecosystem, (1) to facilitate the infrastructure for fractionalization and serialization (including approving and suspending listings) and (2) to operating the marketplace for trading and exchanging of OT and ST.

Vault. Whenever an NFT owner pledges a new NFT for either serialization or fractionalization, LIQNFT will create a new vault to hold the original NFT and correspondingly mint the ST or OT. All vaults will be held on-chain and governed by the OT and ST holders.