Fractional Miladys
Fractional Miladys allows you to buy $MILADY tokens through 0x Protocol aggregated liquidity sources. $MILADY token is backed by real Miladys in the NFTX Vault, and 1 $MILADY token can claim a Milady from the NFTX vault.
You are buying 1.00% of a Milady at an effective value of 0Ξ. The cheapest Milady on the market is Ξ so you are dollar cost averaging in at Ξ the cheapest Milady
You are paying
0 Ξ
About Fractional Miladys
Fractional ownership allows users to purchase a portion of an NFT, making high-value digital art and collectibles more accessible to a broader audience. Let's break down the key components of this tool:
- Fractional Milady
- Individual Miladys, which are unique digital artworks on the Ethereum blockchain, can be owned fractionally. Instead of one person owning a single Milady, multiple people can own shares or fractions of it.
- $MILADY Tokens
- These are the digital tokens representing fractional ownership of a Milady. Owning $MILADY tokens means holding a share of a Milady stored in the NFTX Vault, a mechanism designed to deepen NFT liquidity by facilitating the fractional ownership of NFTs.
- 0x Protocol
- This is a decentralized exchange protocol that allows for the trading of these fractional shares ($MILADY tokens) among interested buyers and sellers. The protocol aggregates liquidity from various sources, making it easier for users to buy and sell their fractional shares without significant price slippage.
- NFTX Vault
- NFTX is a platform that enables the creation of tokenized funds based on NFTs, allowing for fractional ownership. A Milady stored in an NFTX Vault is the underlying asset backing the $MILADY tokens. Essentially, the vault acts as a secure storage for the NFTs while the tokens represent claims on those assets. There is currently more than $1.5 million liquidity in the pool
- Fractional Value Calculation
- The Milady fractions have been broken down to represent a 10*20 pixel image (576 pixels total), and each $MILADY token being backed by one Milady, the fractional value of each pixel (or square) can be calculated. If 1 $MILADY token equals 1 Milady, then the fractional value of each pixel is 1 divided by the total number of pixels (576), resulting in each pixel representing 0.005 of a Milady.
This fractionalization approach makes it possible for investors and collectors to participate in the ownership of highly valuable and sought-after digital collectibles like Miladys without needing to afford the full price of one NFT. It democratizes access to a previously exclusive market and adds liquidity to the NFT space, allowing for more dynamic trading and valuation of digital art.