The NFT market continues to be hot, and new NFT collectibles emerge in endlessly. Due to their non-standard characteristics, it is too energy-intensive to study one by one in the vast sea. In the near future, I will focus on some more deterministic infrastructure, including public chains (ETH, FIL, etc.), markets (Opensea, Rarible, etc.), fragmentation (Fractional, NFTX, etc.), pricing and lending (Pawnfi、PawnHouseetc.), virtual worlds (Decentraland, Cryptovoxels, etc.)…

Among them, the fragmented NFT trading platformUniclyJust announced the completion of $10 million in financing on November 29, led by Blockchain Capital and Animoca Brands, with participation from Ascensive Assets, 3Commas Capital and Morningstar Ventures. Funding raised will prepare for its upcoming v2 launch at the end of the year.

The same story as most fragmented NFT projects,Unicly also improves the liquidity of NFT by merging (packing different NFTs into a collection), fragmentation (splitting the rights and interests of an entire NFT in the form of tokens) and providing trading venues (this is also the current NFT market Recognized pain points).

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What can you do at Unicly?

The core function of Unicly is to fragment an NFT into corresponding "u-series tokens" (such as AXIE→uAXIE). "U-Series Tokens" represent their direct ownership.

Collectors or investors interested in NFTcan go toDiscoverBrowse the "u-series tokens" section, as shown below:

If you encounter an exciting uNFT, you can click Bid to bid. Take CryptoPunks, an aristocratic NFT that I usually dare not even think about, as an example:

Did the price become much more affordable after the fragments were discovered?

After purchasing "u series tokens", they can participate in the governance of the corresponding series; once users think that the total bid is high enough, they can stake "u series tokens" to unlock the corresponding NFT; when enough users join staking, Then you can redeem the "u-series tokens" to participate in the NFT auction process.

As a "u-series token" holder, a relatively stable investment method is naturally to provide liquidity, pledge LP tokens to earn UNIC (Unicly’s governance token), or stake UNIC to obtain xUNIC, which can be exchanged for more UNIC after a period of time (the team probably Inspired by 0xMaki and Chef Nomi.)

If you are an NFT holder, you can customize settings and mint "u-series tokens" to improve liquidity for NFT;If you are an NFT artist, You can also distribute NFT works to your fans in the form of fragmentation.

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What is the evolution process of Unicly?

Unicly launched its mainnet on April 7 this year. At that time, a number of NFT projects, collectors and artists had expressed interest in becoming Unicly’s partners, including Sebastien (Sandbox), Dan (Aavegotchi), Yat (Animoca), Terra Virtua, Michael (Star Atlas), Doki Doki, Waifu , Alex, Coco, Chris, etc., and will launch uToken collections (u-series tokens). Since then, Unicly has started the road of fragmented well-known NFT series and upstream and downstream cooperation in the industry.

On April 15th, Aavegotchi announced that the first batch of Gotchis had been bridged to ETH and divided into 1 million shards through Unicly.

On May 4, Beeple's Spring/Summer artwork collection will be released on Unicly.

On May 11, Unicly launched Polygon.

On May 18th, Unicly's total lock-up amount reached 50 million US dollars, and UNIC liquidity mining was started at block 12,458,975 (10:00 pm on May 18th, Beijing time).

On July 13, Unicly opened the auction of 24 Genesis MoonCats fragmented NFTs on SushiSwap MISO.

On July 15, the first NFT fragmentation auction launched by Unicly and MISO Factory ended. The Unicly Genesis Mooncats Collection (uGMC) team raised 125.25 ETH. Subsequently, uGMC tokens were listed on Unicly and SushiSwap.

On August 9, the uAPE series NFT on Unicly was bought out for US$5.6 million, and the US$2 million premium was allocated to uAPE holders, who can exchange for more ETH through the Unicly platform.

On August 10, all Beeple NFT collections on Unicly were bought out at a price of 39 ETH (approximately over $120,000 at the time), and uBEEPLE token holders can exchange for ETH proportional to the sales.

On September 10, Unicly launched uLoot through voting.

……

On the data side, as of press time (December 1), the TVL of UNIC has reached 36.6 million US dollars.

In the near future, Unicly will focus on the integration of Layer 2 and the release of new features, such as Point Farming (allowing users to mine the liquidity of "points" in each "u-series token" pool). Its v2 will be launched at the end of the year, with a new UI and different fragmentation models.

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What do Unicly investors and founders think?

Commenting on this latest funding round, Yat Siu, executive chairman and co-founder of Animoca Brands, commented: “NFTs are going to be a multi-trillion dollar asset class and we need to build the infrastructure to support this. Unicly offers a complementary framework to deepen mobility and engagement and is forming the backbone of this industry.”

Oliver Blakey of Ascensive Assets said: "Unicly has become one of the representatives of NFT spin-off platforms in a very short period of time, and we have every confidence that they will deliver on their promises."

Leia Fisher (ID 0xLeia on many platforms), founder of the Unicly protocol, believes: "By simplifying the complexity of NFT transactions, our goal is to quickly democratize access to the encrypted world."

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Summary and some additional information

Looking at the NFT field alone, through Unicly, ordinary investors/enthusiasts have the opportunity to buy NFT "fragments"; NFT holders use this to improve the liquidity of NFT; NFT issuers and artists have the ability to distribute and sell to fans A new way to encrypt your work and expand your visibility. The three major functions of merging, splitting and trading provided by Unicly correspond to the needs of different participants.

Meanwhile, Unicly combines Automated Market Maker (AMM), Auction, Yield Farming and Distributed Governance. The integration and connection with DeFi has attracted NFT enthusiasts, traders, and DeFi users other than artists (such as Yield Farmers).

At the technical level, Unicly mixes the two protocol standards of ERC 721 and ERC 1155.

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An overview of the NFT fragmentation landscape: NFTX, Unicly and Fractional