NFT Fi applications are innovations and experiments that have contributed to solving the main problems non fungible assets face; being ILLIQUID, by providing features like Trading AMMs, Lending/Borrowing and options for NFTs.
LiquidMintxyz is a native Berachain NFT platform which introduces a new opportunity for NFT collections and holders - LiquidMintxyz proposes the concept of Liquid-Backed NFTs, where NFTs are supported by the treasury. These backing aims to maintain market liquidity for these NFTs, potentially reducing extreme price volatility. The treasury backing could serve as a form of collateral protection for NFTs, ensuring they retain some value or liquidity even during market downturns. Read more here:
https://mirror.xyz/0xkrauser.eth/Ln7_XQvqyBRCH1nFg8R8RAqXjO6HrObrbhySO2Us09U
Beracult collection would be Liquid Backed on LiquidMint platform from Day 1 of launch. Although we would be backing with 50% of the mint funds raised, the backing treasury grows with time through fees generated from the collection activities and also yield accrued from Plug/Bera pool which we would be participating in, playing PoL. see here
The Infiltration | CultyBera
Supply - 777 Mint Price: 10 BERA Minted: 523 NFTs The Strategic Reserve: 254 NFTs 50% of mint funds will be used to back the collection on Liquidmint.xyz. 10% of mint funds was used to sweep the collection on marketplace and will be distributed through BeraPlug's Brown Hole.
We believe there is no limit to how much backing a collection’s treasury should be.
Oooga Booga!