CardFi: Asset-Attached NFT Protocol
Our CardFi?GitHub?is live! Please take a look at our asset-attached?#NFT?protocol source code. Fork your version today or visit Cardfi.co to try it yourself.
CardFi?is a new layer 3 NFT protocol that allows NFT holders to store value associated with a particular NFT and transfer it to someone else. They are digital gift/debit cards with associated ERC20 tokens that can be attached to them. These tokens can then be deposited onto the card and locked for a given period. The current holder of the card is the only one that has the right to redeem the tokens.
In a world where more and more commerce is happening online, it's no surprise that gift cards have become a popular way to give someone the perfect present. However, traditional gift cards are often associated with centralized platforms like Amazon or iTunes. Asset-attached NFT Gift cards are different. Because they're built on the decentralized web, they offer several advantages over traditional gift cards.?
For one thing, they're impossible to copy or counterfeit, each card is unique and independently verifiable. They're also more secure because the value is defined and stored on the blockchain. And because they're attached to specific crypto assets, they can buy anything from digital art to gaming items. In other words, asset-attached NFT Gift cards are the perfect way to give someone the perfect present in the web3 age.
Another study conducted by CEB TowerGroup as reported by Marketwatch claims that of the more than $166 billion currently spent on gift cards, roughly $1 billion goes unspent and is expected to reach USD $388B by 2027, growing at a CAGR of 19.12%. Global Gift Cards Market to Reach US$1.4 Trillion by the Year 2026.
What are asset-attached NFTs?
An asset-attached NFT (non-fungible token) is a digital asset connected to a real-world asset. Non-fungible tokens (NFTs) are unique digital items that cannot be replaced or exchanged for something else of equal value. They are often used to represent ownership or authenticity of a digital asset, such as a piece of artwork or collectible.
When an NFT is attached to an external asset like fungible tokens, it combines the value of the NFT with the value of the underlying asset. This can make the NFT more valuable and appealing to holders, as it represents both the unique qualities of the NFT and the value of the underlying asset.
For example, an NFT could be attached to a piece of Ethereum ERC20 Token, and the token's value would increase the value of the NFT. In this case, the NFT represents ownership of the token and could increase in value if the value of the eth token increases. This makes asset-attached NFTs attractive for people looking to own and profit from the attached assets.
领英推è
Asset-attached NFT gift cards are a new type of gift card built on the decentralized web and use non-fungible tokens (NFTs) to store value. They offer several advantages over traditional gift cards, including being unique, secure, and able to be used to purchase a wide range of digital items. There is a significant market opportunity for NFT gift cards, with a significant amount of money currently being spent on traditional gift cards and a growing demand for digital gift options.
The NFT Gift Cards are easily transferable and can be traded, sold, or transferred on many popular marketplaces. There is a 3% deposit fee and a 5% withdrawal fee associated with these cards; however, if the CardFi Token is used the fees are free.
How are assets managed?
The CardFi Protocol allows users to deposit ERC20 Fungible tokens to the contract. Only the current holder of the given NFT has access to the asset. This is a non custodial protocol. If you lose access to the NFT or wallet, it will be lost. CardFi DAO is not responsible for the loss of any or all of the assets, NFTs or wallets.
What's an NFT based DAO?
The CardFi DAO is a community-owned and governed platform, where all participants start on equal footing. To acquire voting rights, users can interact on the platform, buy votes from the payment widget, or redeem points from transactions. Higher-level memberships can be earned by actively participating in the gaming community, buying a membership during the initial sale period, or buying one from an existing member. With their votes, the CardFi community can propose new implementations such as yield farming/staking and revenue-earning possibilities.
Where can I try CardFi?
Go to?CardFi.co
Learn more at our GitHub Repo