So friends, as you may heard, #Envelop receives two grants in the last month- from #Near and #harmony, and it's interesting to research a little about this project.
First of all, NIFTSY protocol— formalization of all those operations you can perform with NFT (issuance, wrap/unwrap, royalty payments, recurrence payments to the collateral, etc.). and this is what makes NIFTSY different from many other projects :
You can directly issue, store and otherwise circulate funds by communicating through NFT entities of any order. Through Protocol.
You can do it either through Oracle or any other third party, or generally through pure p2p relationships.
You are always the direct owner of the assets, if they have been wrapped through the Protocol, for example.
But you can go further and enter the market as a whole — through the Index, hedging yourself against the strongest fluctuations inherent in many micro projects.
In doing so, you can use both the API layer and smart contracts to customise your own based on the existing bundle (Protocol + Oracle + Index).
Next time we can talk about oracle. You also can find much more information on their medium page. What do you think about this project? And what benefits it have compare to others?