FLAP

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Description

Flap, powered by Blast, is a decentralized bundle market for NFTs. It uses the Pyth network's entropy solution to let users mint and sell blue-chip NFTs above their floor price on Blast Layer 2. The protocol features an order book model supported by traders and flippers and offers incentives via Blast-native yields. Recognized at an ETH Global hackathon and now incubated by Startup Lisboa, Flap aims to solve liquidity issues and incentivize NFT transactions on Layer 2, making it a unique solution in the NFT marketplace space.

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FAQ

What is the purpose of the Flap NFT bundle market?

Flap's purpose is to create a decentralized NFT bundle market with enhanced liquidity and incentives. By leveraging Pyth network's entropy solution, Flap allows users to mint blue-chip NFTs at lower prices and sell above floor prices on the Blast Layer 2, thereby increasing market activity and liquidity. It also incentivizes NFT trading on Layer 2s by offering Blast-native yields, providing traders with opportunities to earn higher returns.

How does Flap differ from other NFT marketplaces?

Flap differentiates itself by offering a decentralized, order book model for NFT trading, where liquidity is provided by traders and flippers. It uniquely leverages Blast-native yields to incentivize participation even when users don't win in trades. This, combined with its use of Pyth network's entropy solution for fair transactions, means Flap can offer higher sell orders than existing floor prices, enhancing user engagement and bridging NFT trading to Blast Layer 2.

What is the role of Pyth network's entropy solution in Flap?

The Pyth network's entropy solution is crucial to Flap as it introduces randomness into the NFT minting process, ensuring fairness and diversity in transactions. This not only maintains the integrity of the marketplace but also enhances the trading experience by providing a mechanism for low-cost minting of prestigious NFTs, which users can sell above the floor price on Blast Layer 2.

What benefits do Blast-native yields offer users on Flap?

Blast-native yields offer multiple benefits to Flap users by rewarding participation in the NFT marketplace. Even if participants do not succeed in acquiring NFTs, they can benefit from higher yields, effectively increasing their potential returns over time. This incentivizes continuous engagement on the platform and encourages NFT traders to participate actively, potentially bridging more NFTs from Layer 1 to Layer 2.

Why should NFT traders consider using Flap over other platforms?

NFT traders should consider using Flap for its unique value proposition of facilitating low-cost minting and instant selling above floor prices on Blast L2. The platform's decentralized liquidity through an order book model, coupled with Blast-native yield incentives and the integration of Pyth network's entropy solution, creates an appealing environment for both minting and trading NFTs, unmatched by typical NFT marketplaces.

What should I do if I encounter liquidity issues on Flap?

If you encounter liquidity issues on Flap, ensure you're actively participating in the marketplace, contributing to the order book by placing buy and sell orders. Engage with the community of traders and flippers, who together help maintain market liquidity. Additionally, taking advantage of the Blast-native yields can ease participation by compensating users who don't achieve instant success, thus mitigating potential concerns about liquidity on the platform.

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FAQ

What is the purpose of the Flap NFT bundle market?

How does Flap differ from other NFT marketplaces?

What is the role of Pyth network's entropy solution in Flap?

What benefits do Blast-native yields offer users on Flap?

Why should NFT traders consider using Flap over other platforms?

What should I do if I encounter liquidity issues on Flap?

FAQ

FAQ

What is the purpose of the Flap NFT bundle market?

How does Flap differ from other NFT marketplaces?

What is the role of Pyth network's entropy solution in Flap?

What benefits do Blast-native yields offer users on Flap?

Why should NFT traders consider using Flap over other platforms?

What should I do if I encounter liquidity issues on Flap?

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