Floor Protocol

Find answers to some of the most frequently asked questions.

General:

What is the Floor Protocol and how does it work?

The Floor Protocol is a platform that allows people to fractionalize their NFTs into micro-tokens called μ-Tokens. This improves affordability and liquidity. Users can deposit NFTs into the Vault to relinquish unique ownership of that NFT or into Safeboxes to maintain ownership using a Safebox Key. In return Depositors receive μ-Tokens.

Why was the Floor Protocol created?

It was created to make top-tier NFT collections more accessible to broader audiences. By fractionalizing NFTs into μ-Tokens, the barrier of entry is lowered significantly allowing more people to participate. It also provides a way to unlock liquidity from high-value NFTs.

How is the Floor Protocol different from other NFT fractionalization platforms?

Key differences include the proprietary Vault vs Safebox methods, separating the NFTs’ premium from the Floor Value, allowing for more control over your NFTs. Trading features like auctions and private offers a conducive environment to enhance price discovery and user experience.

What are the main benefits of using the Floor Protocol?

Main benefits are improved NFT affordability, increased liquidity, maintained provenance, new revenue streams, and exposure to more investors and collectors. Users also gain access to an innovative ecosystem with unique trading features.

What types of NFTs can be fractionalized on the Floor Protocol?

At this moment, only verified collections on Ethereum are able to participate in the protocol’s various tools. In the future, NFTs on supported blockchains can be fractionalized, including collectibles, digital art, metaverse assets, domain names, and more. The protocol aims to be blockchain agnostic.