We are thrilled to announce that Nonce Finance, an NFT fractionalization protocol for collectors and creators, is launching on Polygon. Nonce Finance is all set to enhance the NFT trading experience.
Using a custom bonding curve, Nonce Finance has built a high liquidity NFT to ERC20 bridge. This bridge helps in tokenizing NFTs into ERC20s. If someone wants to redeem the whole NFT once it’s tokenized, they can participate in a buyout game to buy out the ERC20 token holders.
Nonce’s NFT fractionalization protocol allows a community to form around NFTs and opens them up to use different financial legos of decentralized finance which further allows users to unveil the NFT market. Nonce’s protocol will allow NFT holders on Polygon to increase the liquidity of their NFTs.
About Nonce Finance
Nonce Finance is an NFT fractionalization protocol that increases the liquidity of NFTs by tokenizing them into fungible fractional tokens thereby allowing them to use various DeFi Legos. Nonce has built a custom bonding curve optimised for fractional tokens and is leveraging a buyout game that allows someone to buy a fractionalized NFT and make it whole again.
Source : blog.polygon