NFTs represent ownership. However, such tokens of ownership are currently highly illiquid and lack an accurate pricing standard. Our NFT AMM (Automated Market Maker) protocol is here to change that. We believe in a future of decentralised, frictionless and instantaneous NFT trading that is facilitated by a secure and AI-driven price oracle.

NFT AMM??

Instead of an off-chain order book (i.e. Opensea, MagicEden), on-chain liquidity pools holding an ERC20/NFT pair enable truly decentralised NFT trading. Anyone can add and remove liquidity, anyone can buy and sell. Any developer can build on top of the permissionless protocol. All parties make up the AMM, and at its core lies an NFT price oracle.

Behind the AI price oracle

NFTs are different from ERC20 tokens. A commonly used bonding curve pricing strategy does not account for their unique traits and non-fungibility. An AI-based price evaluation mechanism is required that combines both on-chain and off-chain data for a specific pool pair. It provides a fair pricing quote for non-fungible tokens in real-time.

Use cases and utility

GameFi: NFTs are the cornerstone within Blockchain Gaming and provide utility in the form of in-game items, each with its unique trait. Our protocol enables games to easily build their own decentralised in-game marketplace centred around their native token to increase in-game transactions, and strengthen their game economy. Their own NFT AMM will handle the entire transaction process while being secure, instant and easy.

NFT Marketplaces: NFT holders interact with NFT marketplaces to buy and sell their assets. NFT liquidity pools would provide higher liquidity to users, enable faster NFT trades and allow added functionality such as NFT staking. Based on the value of the NFT staked, as estimated by the AI-driven price oracle, the liquidity provider would receive a proportionate reward instead of being rewarded based on the floor price.

The team

We have a core development team, consisting of gamers and NFT degens wanting to build a better and decentralised future for NFT ownership.

Find our Twitter: @siyunhe2 @JohnKaller_io

WEN LAUNCH?

In this blog, we only scratched the surface of what we are building and the future we envision. We just publicly announced our product and vision, and at the end of August, we will release our testnet demo to be used by partners and users, to gather feedback and reiterate.

If any of this made you feel excited, and want to know more, join our discord and follow our Twitter.

You can also check out: seacows.io