Decentralized Future - Attracting Bluechip NFT Holders to the Polkadot Ecosystem

Ecosystem
1

1. Introduction

We aim to attract OG players from the dormant NFT market on Ethereum to the Polkadot ecosystem. These players have been in the market for at least four years and are well-connected through various NFT communities. Our vision is to bring these OG users to the Polkadot ecosystem using our NFT Bridge technology, allowing them to lock their high-value assets (TVL) on the network through our liquidity pools.

2. Integration with Polkadot/Substrate/Kusama

We are initially connected on Moonbeam, an EVM-compatible solution, to smoothly attract OG players from Ethereum. Our vision is to grow the Polkadot gaming and NFT ecosystem by bringing these OG users. This, in turn, will attract related projects to the ecosystem such as gaming and NFT-finance.

3. Who we are

Sweep n’ Flip is a cross-chain NFT DEX focused on boosting the NFT market. We bring traditional 50/50 AMMs to the NFT space, enabling instant swaps, enhancing liquidity, and boosting trading volume. Our key technologies include:

  • NFT AMM: AMM V2 (x*y=k curve) into the NFT space, providing fundamental liquidity and floor price formation for collections. Enabling users to buy or sell NFTs instantly and earn trading fees by being liquidity providers.
  • NFT Bridge: Bridge NFTs across chains, built on top of Layer Zero;

Our NFT Bridge targets Bluechip NFTs from Ethereum, leveraging lower fees and scalable infrastructure to facilitate the trade of high-value NFTs. This strategy aims to attract OG users from the Ethereum network to the Polkadot ecosystem, fostering a vibrant and innovative community of builders and developers.

4. Problem

The NFT market on Ethereum suffers from high gas fees, which hinder the ecosystem’s evolution during bull markets as these fees become prohibitive for NFT trading.

5. Solution

We bring Bluechip NFTs to the Polkadot ecosystem (Moonbeam), where transaction fees are lower, and ensure these NFTs are locked on the network through the Sweep n’ Flip Liquidity Pools, which also boosts market liquidity.

6. Goal

To boost the Polkadot NFT and gaming ecosystem by attracting Bluechip assets, OG users, and liquidity to collections. This will enable the evolution of this ecosystem on Polkadot and serve as a catalyst for the global NFT ecosystem.

7. Project KPIs

  • Integrate Sweep n’ Flip DEX on Moonbeam (done) - Already deployed and GTM prepared for July.
  • Finalize Bridge audit in July.
  • Onboard Ethereum collections to Polkadot.
  • Seed liquidity for Ethereum collections on Moonbeam (start pools).
  • Measure project success by:
    • TVL (Total Value Locked).
    • Number of assets bridged from specific collections.
    • Trading volume.

8. Expected Outcome

  • Enhanced liquidity in the NFT market within the Polkadot ecosystem.
  • Increased user adoption and retention in the NFT space.
  • Attraction of experienced DeFi users from Ethereum to the Polkadot ecosystem.
  • Growth and innovation in the NFT-Fi space through the development of new tools and features.

9. Ecosystem Fit

Polkadot is a pioneer in cross-chain scalability solutions for Web3. Today, years later, and following this vision, Sweep n’ Flip brings a solution to unify the NFT market cross-chain, and it is crucial to have the Polkadot ecosystem leading this initiative with us.

10. Team

Our team consists of experienced professionals dedicated to revolutionizing the NFT and DeFi spaces through innovative technology and robust solutions. We have a strong background in developing decentralized protocols and a commitment to fostering growth and innovation in the NFT market.

Team Members:

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Really liked this ideia. Will share this with my community from Brazil.