Waterfall

The purpose of the Waterfall NFT trading protocol is to enhance price discovery and market efficiency in the NFT space. By providing a prediction market-like platform, Waterfall allows users to buy, sell, and predict NFT prices accurately. Its mission is to offer fair and transparent pricing for rare, '1 of 1', and less popular NFT collections, thereby improving the digital ecosystem's efficiency.

Waterfall improves the NFT market's efficiency by enabling accurate and transparent pricing for rare and illiquid NFTs. Through a prediction market-esque approach, it provides users with tools to buy, sell, and predict NFT prices, unlocking liquidity by allowing fractionalized NFT trading. This reduces trading risks and barriers, making the market more accessible and supporting advanced use cases such as lending and trading strategies.

Using Waterfall offers NFT traders the benefit of fair and accurate price discovery, particularly for rare and 1-of-1 NFTs that typically lack clear pricing benchmarks. It also facilitates fractionalized trading, unlocking liquidity and minimizing risks. By reducing the need to buy entire NFTs, Waterfall makes NFT trading more accessible, enabling traders to engage in advanced strategies and more productive financial activities.

Unlike traditional NFT marketplaces that rely on fixed or floor pricing models, Waterfall utilizes a prediction market-like mechanism to enhance price discovery and transparency. This enables more accurate valuation for rare and illiquid NFTs, often overlooked by traditional platforms. Waterfall's approach supports fractionalized ownership, allowing for improved liquidity and access to the NFT market, which is not typically found in conventional NFT marketplaces.

Waterfall is relevant in the current NFT industry because it addresses significant challenges such as price arbitrariness and liquidity issues, especially for rare and illiquid NFTs. By providing a fair and transparent pricing mechanism, Waterfall enhances market efficiency and supports broader participation. Its innovative trading strategies and liquidity solutions align with the growing demand for more robust financial products in the NFT space, making it a pivotal player in the digital ecosystem's evolution.

If you encounter issues while using Waterfall, it is recommended to first visit the platform's help resources or FAQ section for troubleshooting common problems. You can also reach out to customer support for assistance or engage with the community forums for additional help and advice from experienced users. Staying updated with any platform notifications can also help avert common issues related to system updates or maintenance activities.