Fake World Assets Opens Gacha Pool to New NFT Collections via FWAir
TokenWorks is letting artists launch new NFT collections directly into Fake World Assets' randomized pool through a mechanism called FWAir, extending the protocol from trading existing NFTs to issuing new ones.
• FWA traded at $0.0296 on Monday, up 19% over 24 hours and 24% over seven days, with a market cap of about $29 million.
#DeFi #FakeWorldAssets #FWA #TokenWorks #NFTs #Ethereum
@DeFiYieldChannel
TokenWorks is letting artists launch new NFT collections directly into Fake World Assets' randomized pool through a mechanism called FWAir, extending the protocol from trading existing NFTs to issuing new ones.
• Under FWAir, an approved creator sets a price for each NFT and supporters back individual pieces with ETH; if every NFT is backed within the period, the collection launches into FWA and both NFTs and backing ETH enter the pool, otherwise backers are refunded.
• Creators are paid from acquisition fees their NFTs generate inside the pool rather than from backer ETH — no money at mint, with expected payout roughly the mint price multiplied by collection size.
• FWA generated $11,069 in fees over the past 24 hours, down from a peak of $1.63 million on July 25; fees over seven days totaled $424,168 against $10.25 million over 30 days.
• Total value locked stands at $3.14 million, down from $5 million on Aug. 4; the first FWAir launch is expected this week.
• FWA traded at $0.0296 on Monday, up 19% over 24 hours and 24% over seven days, with a market cap of about $29 million.
#DeFi #FakeWorldAssets #FWA #TokenWorks #NFTs #Ethereum
@DeFiYieldChannel