Concept: nft garbage disposal enables people to sell any nft in their wallet for the cost of gas for the piece to go into a contract to sell for 1000gwei to the garbage collector wallet + 1gwei in sale price to make it a real sale for tax reasons.
Sellers will benefit as they can use this tool to sell items that currently have no liquidity and have otherwise ‘gone to zero’. On the flip side nfts ‘sold’ will list in a garage sale format for 10000gwei enabling people to comb through the garbage to find good deals.
Functionality- the product is two microproducts, the seller contract and the garage sale marketplace. The seller contract is a simple contract that buys the nft, places it into the garbage collector wallet and immediately lists it on the marketplace. The marketplace UI is a simple front-end that sorts by recent.
Value- the value for a seller is the ability to tax harvest an otherwise illiquid asset and to maximalize tax harvest from the asset. The value for the garage sale viewers is the extremely low price point and simple sorting method make digging give the opportunity to collect items at a good potential flip rate. The value to the garbage collector contract is that it spends 1gwei per nft bought but gets 10,000 gwei for every sale meaning it should run a profit so long as greater than 1 of every 10,000 nfts is worth more then 0.0001 gwei in market value
Engagement- the easier it is to mass pick nfts to bulk sell, the easier in turn it is for people to decide to sell items otherwise worth greater than .0001gwei for the sake of Wallet cleanliness ect. This creates a demand for use by buyers to find easy arbitrage opportunities by picking through the trash
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In Review
💡 Fun Ideas
10 months ago
Cat Russel
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In Review
💡 Fun Ideas
10 months ago
Cat Russel
Get notified by email when there are changes.