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            <title><![CDATA[《盘点首批获得Sui基金会资助的12个项目》]]></title>
            <link>https://paragraph.com/@0xa2d7a10a00d71a955083280b3d5c8efbf5ff64f2/sui-12</link>
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            <pubDate>Fri, 24 Feb 2023 04:17:39 GMT</pubDate>
            <description><![CDATA[1月24日，Sui Foundation 公布了首轮获得资助的 12 个项目，这些项目将获得 2 万美元到 7.5 万美元共计41.5万美元的资助金额。 作为首轮和试点资助计划，Sui Foundation 侧重开发者工具、治理、金融、资产代币化等领域。 目前，Sui Foundation 的资助申请入口长期开放，详情可至官网了解或阅读SUI 基金会开放Grant 申请入口，开发者如何获取初始资助？ 接下来将介绍本轮获得资助的 12 个项目的基本信息。 Dapp 低代码开发平台（DAPP-LCDP） 低代码开发平台（Low-code development platform，LCDP）让开发者可以极接近开发“传统”应用的体验，构建最大化地使用区块链作为技术基础设施的去中心化应用。 在起步阶段，这个平台会优先支持构建运行在 Move 公链上 Dapp。更长远的目标，平台不限制开发者使用何种编程语言去构建 Dapp，让开发者可以专注于“业务逻辑”的实现。 Dappium：去中心化的无代码平台 使用 Dappium，开发者可以无需任何区块链技术知识，即可将已有的游戏转换为 Web3 游...]]></description>
            <content:encoded><![CDATA[<p>1月24日，Sui Foundation 公布了首轮获得资助的 12 个项目，这些项目将获得 2 万美元到 7.5 万美元共计41.5万美元的资助金额。</p><p>作为首轮和试点资助计划，Sui Foundation 侧重开发者工具、治理、金融、资产代币化等领域。</p><p>目前，Sui Foundation  的资助申请入口长期开放，详情可至官网了解或阅读<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://mp.weixin.qq.com/s?__biz=MzI5OTM0NzgxOQ==&amp;mid=2247484938&amp;idx=1&amp;sn=4d57e540c1d8535837983867b24891b3&amp;chksm=ec96bc0edbe13518b20e4580cbb880dcc0ba6480a182ede847d81510936803ea6c68e72719f5&amp;scene=21#wechat_redirect">SUI 基金会开放Grant 申请入口，开发者如何获取初始资助？</a></p><p>接下来将介绍本轮获得资助的 12 个项目的基本信息。</p><p><strong>Dapp 低代码开发平台（DAPP-LCDP）</strong></p><p>低代码开发平台（Low-code development platform，LCDP）让开发者可以极接近开发“传统”应用的体验，构建最大化地使用区块链作为技术基础设施的去中心化应用。</p><p>在起步阶段，这个平台会优先支持构建运行在 Move 公链上 Dapp。更长远的目标，平台不限制开发者使用何种编程语言去构建 Dapp，让开发者可以专注于“业务逻辑”的实现。</p><p><strong>Dappium：去中心化的无代码平台</strong></p><p>使用 Dappium，开发者可以无需任何区块链技术知识，即可将已有的游戏转换为 Web3 游戏。Dappium 包括一个 API 和 Web2 SDK 来自动开发、创建和部署智能合约。它能够实现互操作性，提供法币友好选项、混合模型等。开发者只需填写表格即可获得提示和教程并完成以下功能：</p><p>为游戏或公司创建代币。\ 生成和铸造 NFT 物品和收藏品，创建游戏内 NFT 市场。\ 支持通过 zip 文件上传资产文件和元数据。\ 设计和部署代币经济学，游戏内代币指标和质押、抽奖等。\ 实施钱包与托管和法币友好选项的集成。\ 创建 DAO。\ 支持覆盖绝大多数主网的 Solidity 和 Rust。</p><p>该项目由赢得 Avalanche Hackathon 的团队开发，并已经由 Certik 和 Hacken 审核。</p><h3 id="h-go-sui-sdk-web3" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Go Sui SDK：  结合多项开发功能的 Web3 平台</h3><p>Movey 由 East Agile 开发，是 Move 语言包的注册表，供 Move 开发人员来发现、验证和协作 Move 语言包。Movey 的当前版本集成了 Move CLI，开发人员可以通过官方 Move CLI 与 Movey 交互。</p><h3 id="h-movey-movey" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Movey 未来将计划： 通过比较链上和链下来验证包。 使社区能够改进和增强 Movey 上的内容。</h3><p><strong>Remix IDE Plugin：编写 Sui 智能合约的插件</strong></p><p>Remix IDE Plugin 是 WELLDONE Studio 开发工具 WELLDONE Code 的插件，WELLDONE Code 能够为任何区块链生态系统中的开发人员提供允许他们编写智能合约而无需单独构建开发环境。具体来说，Remix 是基于 Web 的集成开发环境 (IDE)，适用于 Solidity 编程语言，用于为以太坊区块链编写智能合约。Remix 允许开发人员在方便且用户友好的界面中编写、测试和调试基于 EVM 的智能合约。使用该插件，开发人员可以在 Remix IDE 中轻松地为非 EVM 网络（例如 NEAR 和 Cosmos）以及 EVM 兼容网络中开发和测试智能合约。</p><p>目前，该插件被扩展来支持 Sui 生态，允许开发人员使用 Remix IDE 编写 Sui 智能合约，这将帮助更多的开发人员快速上手 Sui 智能合约，而无需构建单独的开发环境。</p><p><strong>Sui Move Analyzer：为 Move 语言提供支持的插件</strong></p><p>Sui Move Analyzer 建立在 MoveBit 上，为 Sui Move + Move 提供语言支持。它还将提供项目模板，支持 Sui 单元测试，以及支持 Sui Move Prover。</p><p>MoveBit 是一家专注于 Move 生态安全的区块链安全公司。团队由来自学术界和企业的安全领导者组成，拥有 10 年的安全经验。该团队是 Move 生态系统最早的贡献者之一，与 Move 开发人员合作为 Move 安全应用程序设定标准。</p><p><strong>Keepsake：NFT 市场生态系统</strong></p><p>Keepsake 是一个面向未来的 NFT 市场生态系统，专为游戏开发者、游戏玩家、创作者及其社区打造。Keepsake 市场允许游戏 SDK 集成，以实现无缝播放和直接从游戏内列出资产。此外，每个 Keepsake NFT 都可以转换为实物资产，例如收藏品、小雕像和毛绒玩具等。</p><p>目前，Keepsake 市场与 SUI 域名服务 SuiNS 建立合作关系，用户可以直接在 Keepsake  中购买 SuiNS 域名。在后期的合作中，还将允许玩家在页面内实时进行 SuiNS 注册。</p><p><strong>AirPay：将链上资产和活动与当地法币结合</strong></p><p>AirPay 服务向 Sui 代币持有者发行借记卡，让他们在任何具有 NFC 销售点系统的商店内进行无缝支付服务或商品。用户不需要银行或中央兑换账户，因为 AirPay 将代币直接转换为法币。</p><p>优点：</p><p>无需将代币换成其他代币。\ 无需开设银行账户。\ 无需中心化交易账户。\ 不到 5 秒完成交易。\ 即将推出的功能：\ 为当地货币抵押 NFT（底价的 10-30% ）。\ 通过协议接收来自不同商家和零售商的促销和交易。使用以 AIR 代币作为折扣的促销活动。\ 无缝支付在线服务和商家（亚马逊、优步、易趣）。\ 使用代币自动支付不同的账单（电、水、煤气、Wifi、手机）。</p><p><strong>Suia：Sui 链上的第一个 POAP</strong></p><p>Suia 是 Sui 链上第一个 POAP(考勤证明) 应用程序，由 NFT 应用开发商 Mynft 团队开发。目前已经在 SUI 链上的 devnet 发布。未来，Suia 将会有多种用途，比如赛事门票、贡献奖章、游戏等，为 Web3 品牌和用户之间搭建一种全新的沉浸式、游戏化的互动方式。</p><p>优点：任何人都可以通过 Suia 创建 POAP 事件，所有的创建、分发都是在 SUI 链上进行，公开透明。用户拥有 Suia 资产的所有权，并且 Sui 链的独特架构和并行运行的性能可以让 Suia 有机会组合创造更多其他的玩法且允许大规模用户参与，既能实现低延迟又能实现低费用，便于连接 Web2 的应用市场。</p><p>**All.Art：致力于艺术和文化的元宇宙\ **\ All.Art 是一个致力于艺术和文化领域的元宇宙，是为艺术家、画廊、博物馆、收藏家、教育机构和公司提供展示的虚拟现实世界。All.Art NFT 的 开源 Unity-Sui 钱包可以实现让用户和艺术家等无缝交易 NFT。</p><p>All.Art 的虚拟现实平台自 2017 年开始开发，一直致力于艺术和文化领域。在举办的 All.Art 元宇宙的数字艺术博览会上展出了 25 家画廊，以及 250 多件艺术品。为艺术家、画廊主、策展人、收藏家和艺术爱好者提供了最佳的 VR 体验。</p><p>**Mamoru：安全监测方案\ **</p><p>Toshi 的 Mamoru 平台是一种实时检测解决方案，用于区块链活动的安全和操作监控。为构建在 Sui 区块链上的应用程序提供自动化安全智能合约操作。它能够近乎实时地监控和响应智能合约漏洞利用。它的 alpha 版本提供了一个接口来定义合约监控规则，而 beta 版本将增加对机器学习的支持。</p><p>Toshi Fund I 是一个 Move 生态系统基金，投资于 Move 的技术创始人。</p><p>**Scallop：高级债券协议\ **\ Scallop 原是 Solana 上高级债券协议，可在不损失本金的情况下最大化潜在收益率。现在也将扩展到 Aptos 和 Sui 等 Rust/Move 区块链上。用户可以在 Scallop 的资产池上存取代币，Scallop 将使用借贷，质押，稳定池流动性挖矿等功能为用户赚取收益。Scallop 每天调用链上可验证随机函数，在每个流动性池中选出一个赢家获得所有收益，其他收益将保留在 Scallop 金库中由社区治理。</p><p>Scallop 有一个名为 Scallop Tank 的用户仪表板和一个名为 Scallop Decorations 的链上收藏品，Scallop Decorations 将出现在 Scallop Tank 中并与 Scallop 协议交互，这些功能使 Scallop 更为独特。</p><p>Scallop 于 2022 年 4 月推出了 Devnet 测试版，主网于 2022 年 8 月上线。</p>]]></content:encoded>
            <author>0xa2d7a10a00d71a955083280b3d5c8efbf5ff64f2@newsletter.paragraph.com (Untitled)</author>
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            <title><![CDATA[The PFZ Stack: PartyBid-Fractional-Zora]]></title>
            <link>https://paragraph.com/@0xa2d7a10a00d71a955083280b3d5c8efbf5ff64f2/the-pfz-stack-partybid-fractional-zora</link>
            <guid>LJNouBACAyt4pyDbPWP1</guid>
            <pubDate>Tue, 14 Feb 2023 02:02:38 GMT</pubDate>
            <description><![CDATA[How PartyBid, Fractional Art, and ZORA Auction House fit together, and why these projects are an important stack in the fractional NFT and DAO spaces.This article was initially posted on Zora Zine on 1 September 2021.The Party of The Living Dead, PartyBid for CryptoPunk 2066, August 4, 2021.The Party of The Living Dead, PartyBid for CryptoPunk 2066, August 4, 2021. As summer 2021 comes to a close, fractional NFTs are revealing themselves to be a powerful new mechanism thatallows minnows to pa...]]></description>
            <content:encoded><![CDATA[<h3 id="h-how-partybid-fractional-art-and-zora-auction-house-fit-together-and-why-these-projects-are-an-important-stack-in-the-fractional-nft-and-dao-spaces" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">How PartyBid, Fractional Art, and ZORA Auction House fit together, and why these projects are an important stack in the fractional NFT and DAO spaces.</h3><p><em>This article was </em><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://zine.zora.co/the-pfz-stack-partybid-fractional-zora"><em>initially posted on Zora Zine</em></a><em> on 1 September 2021.</em></p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/d4e45c6543ace2c4f38ee03f88c6878e59bae8544ea858d1861c0956ba0e5baf.png" alt="The Party of The Living Dead, PartyBid for CryptoPunk 2066, August 4, 2021." blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">The Party of The Living Dead, PartyBid for CryptoPunk 2066, August 4, 2021.</figcaption></figure><p>The Party of The Living Dead, PartyBid for CryptoPunk 2066, August 4, 2021.</p><p>As summer 2021 comes to a close, fractional NFTs are revealing themselves to be a powerful new mechanism that</p><ol><li><p>allows minnows to participate in high value NFT auctions,</p></li><li><p>creates new liquidity event for high-value NFTs, and</p></li><li><p>opens the door to booting impromptu collector DAOs.</p></li></ol><p>In this post I&apos;ll explain how PartyBid, Fractional Art, and Zora Auction House fit together, and why these three projects are an important stack in the fractional NFT and DAO spaces today.</p><h2 id="h-context-nfts-and-defi-before-pfz" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Context: NFTs and DeFi before PFZ</h2><p>DeFi-meets-NFT integrations are nothing new in Ethereum. Since at least 2019, many projects have enabled financial applications atop non-fungible tokens. For context, here&apos;s an overview of some of the OG DeFi + NFT projects:</p><ul><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://wrappedkitties.com/">Wrapped CryptoKitties</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://blocklytics.org/blog/wrapped-cryptokitties/">launched 2019-05-31</a>) allows collectors to swap an ERC-721 Kitty for an ERC-20 $WCK, which can be used to redeem another kitty from the contract&apos;s pool, or swapped for other ERC-20s on DEXes.</p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://nftx.org/">NFTX</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://blog.nftx.org/litepaper-and-introduction/">launched 2021-01-04</a>) generalized this concept, making it easy to create NFT-backed ERC-20 vaults for any collectible contract. In V2 they hone in on floor NFTs.</p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.niftex.org/">NIFTEX</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://blog.niftex.com/nft-fractions-a-primer/">launched 2020-05-04</a>) allows collectors to fractionalize ERC-721s into ERC-20 <em>Shards</em>, which are sold in a two week fixed price primary sale before entering the secondary market.</p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://nftfi.com/">NFTFi</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://nftfi.medium.com/nftfi-com-f9ecf4ab1e7d">launched 2020-05-15</a>) allows collectors to use NFTs as collateral in a P2P loans marketplace.</p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.renft.io/">ReNFT</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://medium.com/renftlabs/renft-peer-to-peer-non-fungible-nft-rentals-caa661e5144e">launched 2021-07-23</a>) enables limited duration NFT lending and borrowing (a.k.a. NFT rental) through an on-chain escrow system.</p></li><li><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://charged.fi/">Charged Particle</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://blocktelegraph.io/charged-particles-ido-launch-on-polkastarter/">launched 2021-05-31</a>) allows collectors to <em>charge</em> an NFT with ERC-20s and 721s, transforming an NFT into a recognizable interface to a basket of potentially interest-bearing DeFi and NFT assets.</p></li><li><p><em>Let me know which DeFi x NFT projects I left out </em><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/nnnnicholas"><em>on Twitter</em></a><em>.</em></p></li></ul><p>For years, NFT fractionalization has appeared poised to channel the speculative fury of DeFi towards the traditionally illiquid NFT sector. Events like the Meebits release, which gave Punk holders free claim rights on Larva Labs&apos; third collection, revealed unanticipated applications of protocols like NFTX. However, it was not until I saw PartyBid in the wild earlier this month that I would come to understand just how significant NFT fractionalization will be for NFTs and DAOs from this point on.</p><p>To understand the fractional ecosystem at present, one needs to know a little about the mechanics of the tools at hand.</p><h3 id="h-fractional-art" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Fractional Art</h3><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://fractional.art/"><strong>Fractional Art</strong></a>, co-founded by <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/andy8052">@andy8052</a> and <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/CryptoSamurai">@CryptoSamurai</a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://etherscan.io/txs?a=0x85aa7f78bdb2de8f3e0c0010d99ad5853ffcfc63&amp;p=7">launched 2021-07-31</a>), allows ERC-721 owners to deposit one or more NFTs into a <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://fractional.art/fractionalize">Fractional vault</a> in exchange for a new ERC-20 token whose supply and symbol they choose up-front.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/44eb07efaab26a4f87043ded862571b3de7293a5bbcffa1a7d4b543248897a26.png" alt="Fractional Art v1 Vault Creation Interface" blurdataurl="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=" nextheight="600" nextwidth="800" class="image-node embed"><figcaption HTMLAttributes="[object Object]" class="">Fractional Art v1 Vault Creation Interface</figcaption></figure><p>Fractional Art v1 Vault Creation Interface</p><p>Once fractionalized, an NFT in a Fractional Art vault may be reconstituted into its original form by one of two means.</p><p>Most often, a Fractional Art fractional NFT will be oriented towards a <em>Buyout</em>. Token holders may call an onchain function to express their desired Buyout price. The actual Buyout price is the average of these onchain votes, weighted by token ownership. Should someone place a bid at the Buyout price or higher, a seven day auction for the NFT begins. When the auction concludes, holders of the ERC-20 token may claim their portion of the winning buyout bid, proportional to the token&apos;s total supply.</p><p>In rare cases, a collector who holds 100% of the ERC-20 may pull the NFT from the vault themselves. This circumstance is more unusual because the collector must own no less than 100% of the tokens.</p><p>If a collector fractionalizes an NFT that they own directly through Fractional&apos;s interface, the total supply of the resulting ERC-20 is minted in their possession. To bring these tokens to market, the fractionalizer may choose to bootstrap a DEX liquidity pool.¹</p><p>For example, NFT whale <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/anonymoux2311">Anonymoux.eth</a> <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://fractional.art/vaults/0x82b2925E54AdE5e10F5E6be31f604e5154701aFa">fractionalized</a> his Justin Aversano Twin Flames #49 into 2000 $TWIN tokens on <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://etherscan.io/txs?a=0x82b2925E54AdE5e10F5E6be31f604e5154701aFa&amp;p=3">August 6, 2021</a>, then provided liquidity to a Uniswap V3 pool. The token was launched in collaboration with <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.justinaversano.com/">Aversano</a>, the NFT&apos;s creator, in his Discord and on Twitter Spaces.</p><p>Bootstrapping a liquidity pool is not easy, however. If executed incorrectly, the liquidity provider is at risk of losing their fractional shares and/or ETH at below market value. For people who come to NFT fractionalization by way of NFTs, rather than DeFi, liquidity bootstrapping is an obstacle to bringing fractional NFT tokens to market.</p><h3 id="h-partybid" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">PartyBid</h3><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://partybid.app/"><strong>PartyBid</strong></a>, on the other hand, is an incredibly easy way to solve <em>fractional NFT token distribution</em>. Using PartyBid, an aspiring fractionalizer needs only to create a Party targeting an ERC-721 onchain auction by calling the <code>startParty</code> function on PartyBid&apos;s <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://etherscan.io/address/0xdb355da657a3795bd6faa9b63915cedbe4fadb00">factory contract</a>. This kicks off a <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.partybid.app/parties">Party</a>, to which any Etherian may permissionlessly contribute. It is crucial to note here that <em>the address that creates the Party does not need to be in possession of the NFT that they would like to fractionalize.</em></p><p>Should the Party win the auction, any Party member (paying contributor) may call the <code>finalize</code> function. The PartyBid contract then passes the newly won NFT from the auction to a Fractional vault, which creates a new ERC-20 token and distributes the total supply to the Partiers proportional to their contribution to the winning bid. All Party funds raised in excess of the winning bid may be reclaimed by their contributors and do not receive any fractional tokens.</p><p>Architecturally, PartyBid is unable to interact with offchain marketplaces. OpenSea, for example, uses mechanisms such as token transfer allowance and offchain permit management. For simplicity, security, and maximum decentralization, PartyBids can only interact with fully onchain auctions. This also makes them genuine DeFi lego, because they do not rely on interaction from EOAs or centralized servers.</p><p>In principle, PartyBid will work with all onchain auctions, but in practice, each auction protocol must have a PartyBid <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://github.com/PartyDAO/partybid/blob/main/contracts/market-wrapper/IMarketWrapper.sol"><em>Market Wrapper</em></a>. Market wrappers are adapter contracts that allow a PartyBid to communicate with the auction contract to learn its reserve price or current highest bid, to place new bids, and so on. At the time of writing, official market wrappers have been <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://github.com/PartyDAO/partybid/tree/main/contracts/market-wrapper">written</a> for Foundation, Zora Auctions, and most recently the <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://nouns.wtf/">Nouns</a> auctions.²</p><p>In addition to these onchain mechanics, one cannot gloss over PartyBids&apos; excellent frontend execution. Each Party page renders the cursors of everyone visiting the page simultaneously. Each cursor is assigned a random emoji. Visitors can also set a short string of text that floats off the right side of the cursor. PartyBid&apos;s frontend communicates clearly that it is a multiplayer auction bidding dapp.</p><p>PartyBid&apos;s interface is significant because affords a feeling of social presence to visitors to the site. The contribution timeline and auction status indicators create a sense of inertia that inclines the visitor to join the party. Whether the Party is winning or losing, there are ample opportunities for the interface to motivate additional discussion on Twitter or Discord. This frontend elevates PartyBid from technical to social infrastructure.</p><h3 id="h-zora-auction-house" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">Zora Auction House</h3><p><strong>Zora&apos;s </strong><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://zora.mirror.xyz/UwQwplCMEe1T5eUkp0CpTDJjZXvAK3eeakskTaQe3pE"><strong>Auction House</strong></a> (<a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://docs.zora.co/zoraos/dev/zdk/auction-house">docs</a>) enters the picture as the most natural fit for collectors who wish to sell their NFTs and allow PartyBids to participate in the bidding.</p><p>Zora Auctions are compatible with all ERC-721s. Thanks to Zora&apos;s SDK, Zora auction listings can be filtered by contract, making it relatively easy to develop a custom auction website featuring only the NFTs from a given collection or other subset. For instance, Zora&apos;s in-house team built <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://punks.house/">Punks.house</a>, <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://blit.house/">blit.house</a>, and <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://auction.holly.plus/">holly+&apos;s auction</a>, which each have their own style and feel, despite a shared onchain backend.</p><p>For sellers, exposure to PartyBid is an attractive proposition because it grows the buyer side of the NFT market. This is especially true of particularly high-value NFTs, for which there is a limited audience of individual (whale) collectors. Groups of hundreds of motivated minnows and whales, on the other hand, constitute a new audience with the shared means to spend hundreds and thousands of ETH on a single iconic collectible. We needn&apos;t look very far for evidence supporting this claim. On PartyBid&apos;s first day in market, the <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.partybid.app/party/0x2912F57F93dD69FBbF477B616D6f8C34C49bb282">The Party of the Living Dead</a> raised over 1300 ETH and purchased one of <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.larvalabs.com/cryptopunks/search?query=Zombie">only 88 Zombie Punks</a>.</p><p>What&apos;s more, Zora&apos;s auction protocol takes no fee, meaning that the only expenses involved in a PFZ fractionalization are the 5% cut of the winning bid that PartyDAO takes. With Zora in-hand, collectors can list their NFTs for sale roughly as easily as listing on OpenSea, pay fewer fees, and gain PartyBid exposure to boot.</p><p>In short, Zora is a no-fee solution enabling <em>Exit to Party</em>, a new type of NFT liquidity event.³ Although PartyBid is integrated with other markets, Zora is the obvious choice for collectors wishing to gain exposure to PartyBid Fractionalization with maximum flexibility and no platform lock-in.</p><h2 id="h-summary" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Summary</h2><p><strong>Together, PartyBid, Fractional Art, and Zora constitute a compelling and easy-to-use stack for NFT fractionalization.</strong></p><p>The genius of the PFZ stack is that it simplfies NFT fractionalization and transforms it into a social happening and communal event. With PartyBid, Fractional Art, and Zora auctions, fractionalization is technically straightforward and memetically expedient.</p><h3 id="h-pfz-advantages" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">PFZ Advantages</h3><p>First, PFZ is dead simple. With the PFZ stack, the owner of a given NFT need only list it in a Zora Auction with a reserve price (i.e., minimum bid), then sit back and watch the sale and potential fractionalization happen without having to deal with LPing or other mechanisms of token distribution.</p><p>In this context, <em>PartyBid can be thought of as the simplest interface for to Fractional art</em>, because it bundles a token distribution mechanism into the fundraising process. This is not unlike how Snapchat bundled editing into the composition process, thus obviating non-linear editing tools and creating a new social medium. In a similar way, PartyBid makes NFT fractionalization easy.</p><p>Second, <em>anyone can start a party.</em> Collectors who <em>want</em> their NFTs fractionalized can use the PFZ stack to list, group buy, and fractionalize their own NFTs. So too can NFT enthusiasts who are priced out of the market for a given NFT or collection.</p><p>Third, PFZ fees are modest. The 5% fee paid to PartyBid is similar to OpenSea&apos;s 2.5% base fee, and it buys Partiers an incomparably easy path to fractionalization. PFZ&apos;s turnkey usability is well worth the present fee structure.</p><p>Fourth, the PFZ stack is permissionless and trustless. If I join a PartyBid, I know that I will receive my fractional token should the Party win the auction. PFZ embeds 100% of the interactions in onchain transactions, making it a secure and trustless compared to other stack configurations.</p><h3 id="h-pfz-drawbacks" class="text-2xl font-header !mt-6 !mb-4 first:!mt-0 first:!mb-0">PFZ Drawbacks</h3><p>In its current form, the PFZ stack has a few drawbacks.</p><p>First, PFZ fractional tokens are destined to be bought out because Fractional token holders <em>cannot vote to issue more tokens</em>. This means that fractional token holders do not have any easy way to transform into genuine DAO token communities. Fractional Art V1 tokens are inexorable tied to the single NFT underlying their value. This makes it difficult for a motivated community like $DEAD to transcend the NFT that started it all. Earlier collector DAOs, such as PleasrDAO, started with the acquisition of a single NFT, then quickly grew into collectives that could further build their treasury to collect more NFTs and build new projects of their own. I suspect future versions of Fractional will incorporate this line of thinking to enable Token Communities to grow beyond the value of the initial NFT acquisition.</p><p>Second, PartyBid can only interact with a handful of auction contracts at present. While the list will grow over time, it will never include offchain auctions and other onchain formats with which it is incompatible. This is a limitation that other fractional stacks may not share.</p><p>Third, to update the Buyout price, Fractional token holders must send a transaction (around 70k gas or 0.005 ETH) to communicate their preferred Buyout Price to the blockchain. For minnows who participate in PartyBids, this is expensive, annoying, and easy to forget. This can be seen as a problem or a feature of this particular architecture. If fraction holders do not raise the Buyout price, auctions will be triggered to purchase Buyout the vaults and reconstitute the NFTs. Once a buyout is triggered, fraction holders have no recourse. Their only option remains to bid on the buyout themselves. This is disappointing for communities like $DEAD and $LUPE, which appeared poised to grow into longer-lived token communities, but whose journeys were cut short by Buyouts.⁴</p><h2 id="h-whats-next" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">What&apos;s next</h2><p>In future posts I will discuss other stacks and tools in NFT Fractionalization and DAO formation and management.</p><h2 id="h-notes" class="text-3xl font-header !mt-8 !mb-4 first:!mt-0 first:!mb-0">Notes</h2><p>1. Fractional&apos;s interface relies on 0x Protocol, so swaps through that interface will be routed through the most cost-effective pools on Ethereum.</p><p>2. For those paying attention, it noteworthy that the Nouns integration is the first official post-launch market wrapper that PartyDAO has shipped. This privilege is in no small part due to membership cross-pollination between NounsDAO, Fractional and PartyDAO. @andy8052 is part of Fractional and PartyDAO, and @dhof is part of NounsDAO and PartyDAO. Perhaps there are even more common members between these DAOs and company of which I am unaware. <strong>In the evolving narrative of DAO2DAO and B2D partnerships, membership cross-polination will surely be an important factor in collaboration prioritization.</strong></p><p>3. Although Foundation also has a market wrapper, Zora&apos;s Auction protocol is the obvious choice for NFTs not originating on the Foundation platform, because Zora charges no fees. This means that auctions such as Punk 2066 incurred only PartyDAOs 5% fee on the winning bid.</p><p>4. I have heard rumblings that, among other market wrappers in the works, a wrapper for Fractional&apos;s Buyout auction is being discussed.</p>]]></content:encoded>
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