Fraction and Redemption
Any non-fungible tokens (NFTs) can be fractionalized and redeemed back using a combination of three Ethereum token standards: ERC721, ERC1155, and ERC20. As shown in the flow chart, Fracton provides 2 steps of fractionalization (ERC721-ERC1155-ERC20) with a hardcoded swap rate (1:1000) on each step. The protocol leverages Chainlink VRF for swapping People’s NFT for a random NFT (of the target collection) held in the protocol.
Last modified 8mo ago