# What is WNFT? By [StarBlock | NFT Marketplace](https://paragraph.com/@starblockio) · 2022-06-24 --- The full name of WNFT is Wrapped NFT. It is an ERC721-compliant contract deployed by StarBlock DAO on Ethereum. It is the wrapped of the original NFT collection, which is equivalent to the original NFT. 1 WNFT = 1 original NFT. WNFT and NFT can be exchanged in both directions at any time and unconditionally, and WNFT can be traded at will, and the original NFT will also be traded after the transaction. WNFT is an NFT that belongs to the community entirely. It is the Web3 of the original NFT. It is an important step in the decentralization process of the NFT industry. The creator fee of WNFT will be owned by the community, and its use will be determined by the governance of WNFT holders. Moreover, WNFT trading on StarBlock will not charge any royalties in the initial stage, and fully contribute to the community. WNFT has the same Token ID and Token URI as the original NFT. The name of the WNFT contract adds the prefix “Wrapped “ to the name of the original NFT, and the symbol adds the prefix “W”. ![](https://storage.googleapis.com/papyrus_images/cf271100c79878ed3278b10abf63d683210fc60dcbc88eff148c288335934b4f.png) How to get WNFT --------------- WNFT can only be obtained by staking by those who hold the original NFT, a process called staking NFT. No one else, including the manager of the WNFT contract, can obtain WNFT at will. The original NFT staking will be deposited into the WNFT contract later, and only users who hold the corresponding WNFT can release the NFT. WNFT and NFT can be exchanged at any time without any restrictions, similar to any exchange between WETH and ETH. Staking NFT Farming ------------------- StarBlock DAO has opened NFT farming, supports the original NFT stake to become WNFT, and gives the governance token STB as a farming reward. Details: [https://starblockdao.io/nftfarming](https://starblockdao.io/nftfarming)。 ![](https://storage.googleapis.com/papyrus_images/7f90844b99506d887c1db623576d14d547476dfda5fdfae937c61c695a038c72.png) If you want us to support the NFT you hold, please submit this application: [https://forms.gle/5YC6aEFQmT7T2vfY8,](https://forms.gle/5YC6aEFQmT7T2vfY8,) once the number of applicants reaches 100, the NFT will be automatically listed on the NFT Farming List. ![](https://storage.googleapis.com/papyrus_images/f4c736c82d985e3db45718e5f1dca4f19d586508ce398e37afdad3c3bd305683.png) **WNFT Trading: 0% Creator Fee + 0.3% Service Fee** In order to better reflect the community of WNFT and return the community of WNFT holders, the StarBlock NFT trading market has given strong support to WNFT trading: 0% Creator Fee and 0.3% Service Fee. Since 1 WNFT = 1 NFT, that is, users can trade any NFT with 0 royalties, come and trade your WNFT: [https://www.starblock.io/](https://www.starblock.io/)。 ![](https://storage.googleapis.com/papyrus_images/6ae24793dfcaf8bb17017136a2f65bc8d866ac7ed9fec7fb94d567f6d2114eb9.png) **Is WNFT Contract Safe?** The WNFT contract is deployed by the WrappedNFTFactory contract and is a real safe smart contract. Only the holder of NFT and WNFT can exchange freely, and it can only be operated after the holder’s authorization. No one else, including the contract administrator, has staking or unstaking permission. At present, the WNFT contract has been completely open source: [https://github.com/StarBlockDAO/NFT-Staking/blob/main/contracts/WrappedNFTFactory.sol](https://github.com/StarBlockDAO/NFT-Staking/blob/main/contracts/WrappedNFTFactory.sol). There are two core methods in the contract: deposit and withdraw, and the code logic is very easy to understand. The deposit method transfers the user’s NFT to the WNFT contract, and then mint or transfer a WNFT with the same Token ID to the same user. The code is as follows. ![](https://storage.googleapis.com/papyrus_images/32936c1785c6d865d721a912fca6dfbec4554a8bd70ba8fbe58af9196e1fdcae.png) The logic of the withdraw method is just the opposite. This method transfers the WNFT held by the user back to the WNFT contract and transfers the original NFT held by the WNFT contract to the same user. The code is as follows. ![](https://storage.googleapis.com/papyrus_images/56cda24a777417d300a25ac642756ee0d934584773e98b146f03caadcb36749f.png) With secure smart contracts, innovative tokenomics, and extremely low trading fees, WNFT will surely attract more and more users to use it and form a new NFT farming and trading paradigm. Come and stake the NFT you hold for farming: [https://starblockdao.io/](https://starblockdao.io/) , if the NFT is not in the supported NFT Farming List, please submit an online application: [https://forms.gle/5YC6aEFQmT7T2vfY8](https://forms.gle/5YC6aEFQmT7T2vfY8) . --- *Originally published on [StarBlock | NFT Marketplace](https://paragraph.com/@starblockio/what-is-wnft)*