We are excited to announce ghostNFT is live on Ethereum MainNet. ghostNFT is the first application of the ERC721Envious open-source standard. ghostNFT introduces an intuitive user experience enabling NFT creators and users to add, redeem, and view collateral to individual NFTs and NFT collections.
ghostNFT is a perfect solution for the entire suite of Web3 stakeholders, including NFT collections, NFT holders, and average ERC-20 token holders.
ghostNFT marks the first Mainnet product launched by the GHOST Ecosystem.
GHOST is proud to announce that ghostNFT is going to be launched on multiple EVM chains following Ethereum MainNet launch.
The Importance of Collateralized NFTs
The launch of ghostNFT on Ethereum MainNet marks a significant milestone for the GHOST ecosystem. As the first product launch for the platform, ghostNFT introduces a new open-source standard, ERC721Envious, that enables users to add, redeem, and view collateral to individual NFTs and NFT collections.
One of the most significant advantages of ghostNFT is that it enables NFT collateralization. This allows NFT collections and individual NFTs to have an objective floor price, making them more valuable and accessible to a broader audience. NFT 2.0 also provides sustainable NFT royalties backed by real assets, discounted collateral, and additional monetization streams for NFT collection creators.
NFT 1.0 collections like Crypto Punks, Bored Ape Yacht Club, World of Women, and Doodles have demonstrated the potential of organizing a massive crypto following around a specific brand or idea. However, the NFT 2.0 standard solves many of the problems that the crypto community experienced with NFT 1.0. NFT 2.0 opens up new use cases for NFTs, such as lending and borrowing, as well as prediction markets.
ghostNFT is at the forefront of NFT 2.0 innovation and aims to further shape the space. By enabling NFT royalties backed by baskets of digital assets, an on-chain verifiable NFT price floor, and additional monetization streams for NFT collection creators, ghostNFT opens up a whole new set of blockchain use cases. The platform also gamifies NFT collateralization, driving both NFT collection creators and community members to collateralize the NFT collection on a first-come, first-served basis.
With the launch of ghostNFT on multiple EVM chains following Ethereum MainNet, the platform aims to expand its user base and make NFTs more accessible to a broader audience. ghostNFT is a perfect solution for the entire suite of Web3 stakeholders, including NFT collections, NFT holders, and average ERC-20 token holders.
NFT collateralization and the NFT 2.0 standard are significant steps forward for the NFT market. By adding value and functionality to NFTs, they can become more than just digital assets. NFTs can now be used as collateral for digital loans, prediction markets, and other financial products, which opens up new opportunities for Web3 stakeholders. Get started with ghostNFT on Ethereum MainNet today and experience the future of NFTs.
A Whole New Set of NFT Use Cases
ghostNFT enables the following use cases and more:
- NFT royalties backed by baskets of digital assets;
- On-chain verifiable NFT price floor by linking intrinsic liquidity to each NFT;
- Additional monetization streams for NFT Collection Creators through additional fees (Collateralization fee, Uncollateralization fee, NFT transfer fee);
- Gamification of NFT collateralization driving both NFT Collection Creator and community members to collateralize the NFT Collection on a first come first serve basis.
In conclusion, ghostNFT is an exciting development in the NFT space. The launch of ghostNFT on Ethereum MainNet and other EVM chains provides a new level of functionality for NFT collections and individual NFTs. With NFT collateralization, NFTs can now have an objective floor price, making them more valuable and accessible to a broader audience. NFT 2.0 provides additional monetization streams for NFT collection creators, which encourages healthy competition between creators and fans to accelerate NFT collection adoption. With the introduction of these new features, the potential use cases for NFTs continue to grow, making them a more valuable asset in the Web3 ecosystem.