Detailed Plan
Pay for development of a framework that can be rebranded by anyone wishing to be a Site Owner.
These are turnkey profit machines based on fan appreciation of NFT artists or families of NFT within a genre. The framework is a website that manages a few interactions with the Cardano Blockchain to maintain a membership community from sale to merchandise.
Like Fantasy Football, Fantasy Bidding allows fans of a particular NFT to gather socially around it, in a setting where they can add to the overall purchase ‘purse’. NFT fans also need a place to congregate around their favorites directly.
My premise is a stakepool for every NFT that fans would ‘like’ to own but cannot afford to win at auction. By contributing to a stakepool ‘for’ a particular NFT, any number of individuals can ‘contribute’ to a winning bid. Until the sale is achieved, the staked ADA continue to gain rewards for the ‘bidders’.
At some point in the future, there may be an auction that the entire amount in the pool will be enough to win, or the owner of the target NFT is eventually impressed with the amount, and executes a sale.
The transfer of token ownership goes to the Site Owner’s wallet and it is held ‘for’ the group of collected bidders. They will be proportionally paid at the time of “total sale” when the NFT token is transferred to another entity.
Until there is a “total sale” (100% consensus) the actual NFT token remains in the Site Owner’s wallet, and members can exchange ownership at a 1:1 ADA ratio.
From the original purchase, to the eventual sale, ownership is constantly in flux, and Fan bids are always active.
While in the Site Owner’s wallet, ALL fractional owners have equal individual rights to use, but not licensing. Proceeds from any licensing contract are the property of the NFT and pay out to all current owners only. When ownership changes out of The Site, terms of use are up to the owner.
The Site does not deal in exchanging ADA for any other currency, but performing wallet functions for users interested in a
“single home experience” is of interest.
Profit comes from overall stakepool rewards, and small % fee on sales.