All You Need to Know about Confti: The AIO NFT Crowdfunding and Division Protocol | HackerNoon

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All You Need to Know about Confti: The AIO NFT Crowdfunding and Division Protocol | HackerNoon
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'All You Need to Know about Confti: The AIO NFT Crowdfunding and Division Protocol' nfts web3

Confti’s crowdfunding Parties target two types of users: those who wish to own or are bullish on some NFT but don’t have enough funds to pay the whole price by themselves, and DAOs that invite their members to join a Party and co-finance the NFT purchase.

In 2021, NFTs exploded and developed into an independent market with trends of its own. Fractionalized NFTs also performed greatly. By 2022, the NFT craze cooled down, and the popularity of fractionalized NFTs also started to decrease. You can see it by the TVL and liquidity changes on Fractional and Unicly.

As you can see, Confti is more user-friendly and honest. It got rid of cross-platform operations and offers low fees. However, this is not its greatest advantage. The promising NFT + DAO development model is. With NFT DAOs, NFT Parts are developed using collective efforts. Compared to traditional projects where one person or organization deals with promotion, using Confti’s model, it is easier to get support from more users, earn a reputation, and get access to funds and other resources.

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