Posted 8 months ago | by Catoshi Nakamoto

Yesterday, the Bitsquad was joined by NFraction, a cross-chain NFT marketplace project that is using NFTs for fractionalizing ownership of – art, music, games, iconic collectibles, and more. Elio Artic the founder of NFraction, gave an in-depth breakdown of the NFraction platform. When asked about what separates NFraction from other NFT platforms, Artic expressed that NFraction will have puzzle packs and utilize NFTs with physical items for sale on their marketplace.

BitboyCryptoNfraction AMA Recap: NFraction Is Changing The NFT Space With Fractionalized Puzzles And Physical Items

NFraction fractionalizes digital arts into puzzle pieces, which Artic said provides “additional value for collectors and guarantees multiple revenue streams.” He added, “the main goal of NFracTion is to create a friendly UI/UX for the marketplace, that is easy to use and manage for any user.” NFraction has gamified the NFT collection process with its unique NFT puzzle packs idea which is very similar to buying baseball cards or trading cards like Pokemon.

The NFraction marketplace also offers users the ability to participate in a raffle-like process to win NFTs and exclusive physical items.

The utility use case of the NFTA token will be to acquire the puzzle packs and other NFTs sold on the NFraction marketplace no matter what medium is used to buy digital items. There will also be buybacks, and lower fees as well as other benefits for using the token on the marketplace trading. Further, Artic stated that for long-term adopters, the project is preparing staking/farming programs that will be very appealing. In addition, the team said they will be adopting BSC as the cheapest network which will resolve most concerns the community has due to high gas fees on Ethereum (ETH.) They will also later be adding in Solana and Cardano integrations as well.

You can check out a full recap of our AMA with NFraction below!

NFraction The Future Of NFTS?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:02]
Welcome everyone to Bitsquad AMAs, today we are joined by Nfraction CEO @sicker_than_your_average. Nfraction is fractionalizing NFTs and doing some really interesting things with digital collectibles cross chain. Please introduce yourself and your background Elio Artič.

Elio Artič, [14.10.21 16:04]
First of all, thanks for hosting me Cat. My name is Elio and I’m the CEO of the NFracTion project. My primary background comes from sports training, I’m a bachelor of strength and conditioning and also a Brazilian Jiu Jitsu black belt.

I’ve been involved in sport training/coaching for about twenty years, I have been involved in numerous successful projects, but in the past four years I’m extremely enthusiastic about the crypto market and about the rise and usefulness of blockchain technologies.

From 2017 forward I started to involve myself in crypto asset research, market analysis and overlook blockchain utilities.
In early 2021 I was invited to the NFracTion team and from that point forward I’m supporting the team in order to successfully launch the project into the Crypto universe.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:05]
[In reply to Elio Artič]
I did some homework on you before our AMA I saw you were a black belt.

Elio Artič, [14.10.21 16:06]
That’s correct. Brazilian Jiu Jitsu black belt and Muay Thai Kru.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:06]
Our core team has basically been together for 8 years now and we own a Digital creative & Development agency for 3rd party start up projects in the traditional market.

After many setbacks with ongoing projects delays during the Covid-19 situation last year, we decided to re-evaluate “our future”.

Luckily many of our friends and employees were already heavily involved in Crypto world and we quickly decided to (finally) launch our own start-up project on blockchain technology.

Soon we onboarded or hired some advisors and additional developers and lighting-fast we were 100% devoted to the NFracTion project.

The narrative of the projects is pretty much the same, so we didn’t have much issues adopting to Crypto project development after onboarding some advisors with much experience in the product launch process.

Team is basically assembled of Business and marketing strategist, branding engineers and full stack developers and we grew from 5 core team members to almost 15 working on a project at the moment.
Most noticeable team members and advisors at this point are:

Alen Dolsak – Co-founder and Business strategist
Ales Kovacic – VTO & Lead developer
Aljaz Tisler (KSM Starter) – Main advisor
Erik Clark Su (Exnetwork Capital) – Incubation advisor
Iftikhar Qasim (SL2 Capital) – Marketing advisor
Pawel Laskarzewski (Synapse Network) – Strategic (development) advisor
Kevin Abdulrahman – Strategic (Business) advisor via @sicker_than_your_average

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:06]
I forgot to tell you if you type a few paragraphs our bot sees it as automatic spam. I do apologize.

Elio Artič, [14.10.21 16:07]
Noted.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:07]
[In reply to Elio Artič]
Wow quite the impressive list of fighting styles learned

Elio Artič, [14.10.21 16:08]
I am a big MMA fan, trying to learn more.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:08]
[In reply to The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO)]
Nice to know the team is medium-sized and that it’s not just a pop-up shop like 99% of projects. I find that 1%. 😉

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:09]
[In reply to Elio Artič]
Well since you brought up MMA I saw your recent partnership was with an MMA organization. Did that come about from your experience with training?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:10]
Were getting ahead of ourselves but since you mentioned MMA I had to ask.

Elio Artič, [14.10.21 16:11]
Yes, during my career as an athlete I’ve managed to get to know a lot of people, interesting people, from business guys to UFC champions.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:12]
I can imagine. So before we go any further. I first want you to explain what Nfraction is doing for the audience and what makes it different from any other NFT marketplace?

Elio Artič, [14.10.21 16:16]
NFracTion is a unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams.

The main goal of NFracTion is to create a friendly UI/UX for the marketplace, that is easy to use and manage for any user.

NFracTion delivers a superb cross -chain marketplace for the crypto community, with main network ERC20 at the launch, after that adopting Solana, Cardano and BSC as well. Modernly designed with extra care for best user experience, which makes collecting puzzle pieces fun and provides higher revenues than standard single-piece art trading/collecting.

Marketplace will basically allow us to mint and trade all kinds of NFTs with special focus on user experience as we strive to engage “non-crypto” users into the NFT world too.

Fractionalized NFTs and our unique gamified features are basically our main product and in this sector potential is endless.

We see the opportunity in creating a healthy ecosystem with high-end artists and attracting “true collectors”.

We want to add value to the products itself, not only boost sales as many major players in the marketplace sector do.

To achieve that we are preparing a supportive environment, such as mobile app, landing pages, extra exposure for active users, reward/loyalty programs, buybacks etc.

Our complete concept is quite unique and we don’t feel comfortable comparing ourselves too much. NFT market got so BIG that there will always be enough room to cooperate and share the vision of solving the biggest problems in the sector, such as security, utility and non-crypto adoption with familiar projects.

NFracTion will always stay flexible in some way and upgrades will be implemented due to market/community signals and we want to seek partners, not competitors.

Hope I was not to long with my answer. 😅

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:16]
Bot seems to have left you alone

Elio Artič, [14.10.21 16:17]
He is terrified I guess.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:19]
[In reply to Elio Artič]
Can you describe a situation or use case where fractionalizng an NFT would be a benefit?

Elio Artič, [14.10.21 16:23]
You remember when we were kids and we were opening those fresh packs of stickers for our favorite sport albums? Well, we are trying to recreate those kinds of feelings with our fractionalized puzzle concept.

So, key points of our puzzle concept are gamified and entertaining way of collecting quality and valuable NFTs, also collector can acquire really rare/worth piece for small amount thru our randomly generated Puzzle packs and on the other hand, our calculations say that this concept should generate up to 50x higher revenues to artist in comparison to standard single-piece art sell and it will produce exposure for great artist to “create a name.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:24]
[In reply to Elio Artič]
Very interesting way to gamify NFTs

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:25]
I also saw that you wanted to not only utilize NFTs for digital art but also physical goods like a sports jersey.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:25]
Personally I feel that the collectors world hasn’t seen the potential of NFTs yet and that physical items tied to NFTs will be a big thing.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:26]
On the topic of the sports jerseys I saw that it says coming soon, when can we expect this integration?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:27]
[In reply to Elio Artič]
In a way your puzzle packs are similar to trading cards.

Elio Artič, [14.10.21 16:28]
Yes, that is one of our many ideas. Right now we are preparing customized jerseys for MMAON fighters and we are very excited for this opportunity. This integration is just right around the corner, for example, MMAON is releasing their platform on 1st of November, so expect pretty neat stuff in that period of time.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:29]
[In reply to Elio Artič]
Interesting. Any other partnerships you can announce? Any exclusives’ for The Cat and Bitsquad?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:29]
[ 😳 Sticker ]

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:29]
Common Elio give us a bone!

Elio Artič, [14.10.21 16:35]
For tomorrow we prepared an announcement for our latest partnership, but for today’s opportunity, having an AMA with you guys, we are revealing to you as the early birds. Yesterday we sealed a partnership with Chainlink, we will use their VRF process for authentication of NFT`s. They are a big tool for smooth NFT raffle process and price feeds to support multi currency purchases on NFracTion. There are still many promising ways to upgrade collaboration with them, and hopefully we can announce some great updates soon.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:37]
[In reply to Elio Artič]
Can you tell us more about your NFT raffle feature and how it works?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:37]
[In reply to Elio Artič]
Ahhhh Chainlink…

Elio Artič, [14.10.21 16:40]
It’s basically a ticketing system, very simple to use and understand. Buyers will purchase a specific fraction of a NFT value and our random picker will decide the winner who will collect a whole NFT. For example there will be 100 tickets available for the price of 20$ and the lucky winner will get a NFT for 2000$ worth.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:41]
[In reply to Elio Artič]
Very interesting and how often is this raffle held?

Elio Artič, [14.10.21 16:44]
Within the NFT raffles feature we will present partnership based arts and it depends on the settled deals. For this reason we can’t have fixed schedule/plan, but we are doing our best to deliver just the right amount for our community.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:45]
[In reply to Elio Artič]
Understood!

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:46]
Besides art work, jerseys and puzzle packs. Do you plan to sell any other merchandise on your nft store?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:47]
Such as sports highlights or exclusive videos, in game items etc.

Elio Artič, [14.10.21 16:51]
Definitely yes, those mentioned products are just a main flagships to present our NFT features properly, on top of that NFracTion is supporting all kinds of NFTs and we are keeping it flexible with arrangements over our partnerships. We are in many different discussions about the types of NFT releases and there are surely many different ways of delivering some special products in the future.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:52]
[In reply to Elio Artič]
Exciting to hear that!

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:52]
So lets divert away from the platform and more towards the token and tokenomics. Can you tell our audience what features your coin provides to holders or stakers on your platform? As well as how many coins are in circulation and max supply?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 16:58]
Sure thing. Our token is used to support our main feature – acquiring Puzzle packs with them. We need to support direct FIAT payments, but in the back of the process each pack will acquired with $NFTA token.

There will also be lower fees and other benefits for using our token on marketplace trading and for our long-term adopters we are preparing staking/farming programs that will be very appealing to anybody.

During the development and upgrades we are always looking for additional token utility on a long-term and will implement those accordingly.

Here you can find three staking pools that are available at this moment: https://staking.nfraction.com/#/
Maximum suply is 100.000.000 NFTA and current supply in circulation is cca 14.500.000 NFTA (cca. 2.500.000 are staked).

You can find our detailed tokenomics on PDF included. via @sicker_than_your_average

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:00]
Great utility usage!

Elio Artič, [14.10.21 17:00]
Yeah, our team is doing a hell of a job so big props to them.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:00]
Do you have any other highlights about your project you would like to mention before I open up the floodgates for user questions and our audience has a chance to win $500 BUSD?

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:01]
[Forwarded from Erik NFracTion Admin]
[ File : NFracTion-tokenomics-occam-final.pdf ]

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:03]
[In reply to Elio Artič]
indeed I believe the cross chain nft marketplace idea is still open for disruption as there really hasn’t been a big player in that niche yet.

Elio Artič, [14.10.21 17:05]
We were hitting brakes on marketing after IDO, so this is our fresh start with this AMA, so in that case we are announcing that from the next week forward, we are adopting BSC as the cheaper network which will resolve most of the concerns of our users. Many are worried about our post listing token performance, but we know the reasons and its all taking care of with before mentioned activities we are going to perform from next week on. It’s all part of the strategy to prepare NFracTion for the CEX listing that is planned in the start of November.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:07]
[In reply to Elio Artič]
Wonderful to hear that you are pivoting as gas fees are insane on ETH.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:08]
Thanks so much for coming today! Are you ready for the floodgates?

Elio Artič, [14.10.21 17:08]
Born ready.

The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO), [14.10.21 17:55]
[Forwarded from Erik NFracTion Admin]
Links:
https://app.nfraction.com/marketplace
https://twitter.com/nfraction_com
https://t.me/nfraction_official
https://t.me/nfraction_announcements
https://nfractioncom.medium.com/

Bitboy Crypto Announcements Official, [14.10.21 17:51]
[Forwarded from Bitboy Crypto Announcements Official (The Cat 🐱 Head Admin Of Bitsquad Check The @ (DON’T SEND CRYPTO))]
Congratulations to the winners of our AMA with Nfraction: @cryptoholdertrang @dannydan70 @OteroB73 @seannhabro @LiaCoRi please contact @erikNFracTion

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g AMA Recap: NFraction Is Changing The NFT Space With Fractionalized Puzzles And Physical ItemsActivist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.