Nfraction AMA Summary Recap with Shin Chan Community

We held a live AMA with CEO, Elio Artic from Nfraction on 2nd October 9:00 PM (UTC+8). Here’s the recap for those who missed it.

Introduction

JH | Shin Chan: Before the ama start, can you please introduce yourself and the team background?

Elio Artič: My name is Elio and I’m the CEO of the NFracTion project. My primary background comes from sports training, I’m a bachelor of strength and conditioning and also a Brazilian Jiu Jitsu black belt.

I’ve been involved in sport training/coaching for about twenty years, I have been involved in numerous successful projects, but in the past four years I’m extremely enthusiastic about the crypto market and about the rise and usefulness of blockchain technologies.

From 2017 forward I started to involve myself in crypto asset research, market analysis and overlook blockchain utilities.
In early 2021 I was invited to the NFracTion team and from that point forward I’m supporting the team in order to successfully launch the project into the Crypto universe.

Our core team has basically been together for 8 years now and we own a Digital creative & Development agency for 3rd party start up projects in the traditional market.

After many setbacks with ongoing projects delays during the Covid-19 situation last year, we decided to re-evaluate “our future”.

Luckily many of our friends and employees were already heavily involved in Crypto world and we quickly decided to (finally) launch our own start-up project on blockchain technology.

Soon we onboarded or hired some advisors and additional developers and lighting-fast we were 100% devoted to the NFracTion project.

The narrative of the projects is pretty much the same, so we didn’t have much issues adopting to Crypto project development after onboarding some advisors with much experience in the product launch process.

Team is basically assembled of Business and marketing strategist, branding engineers and full stack developers and we grew from 5 core team members to almost 15 working on a project at the moment.

Most noticeable team members and advisors at this point are:

Alen Dolsak — Co-founder and Business strategist
Ales Kovacic — VTO & Lead developer
Aljaz Tisler (KSM Starter) — Main advisor
Erik Clark Su (Exnetwork Capital) — Incubation advisor
Iftikhar Qasim (SL2 Capital) — Marketing advisor
Pawel Laskarzewski (Synapse Network) — Strategic (development) advisor
Kevin Abdulrahman — Strategic (Business) advisor

There are many well-known names involved into the project and all the »crypto unknowns« are soaking in their knowledge and experience fast. We are confident that most of the names from the core team will get their reputation in the crypto community too, soon after the great success of NfracTion. 🧩

JH | ShinChan: Could you please tell us about Nfraction in short, and Is there anything else you can share us the update/news from Nfraction?

Elio Artič: First I would like to introduce what the NFracTion project is.

NFracTion is a unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams.The main goal of NFracTion is to create a friendly UI/UX for the marketplace, that is easy to use and manage for any user.

NFracTion delivers a superb cross -chain marketplace for the crypto community, with main network BSC at the launch, after that we are adopting Cardano and Solana as well.

Modernly designed with extra care for best user experience, which makes collecting puzzle pieces fun and provides higher revenues than standard single-piece art trading/collecting.

Marketplace will basically allow to mint and trade all kinds of NFTs with special focus on user experience as we strive to engage “non-crypto” users into the NFT world too.

Fractionalized NFTs and our unique gamified features are basically our main product and in this sector potential is endless.
NFT Puzzle Packs (randomly generatic puzzle pieces of NFT arts, that can be used to complete collections or win “whole NFT art” and can be tradeable on marketplace).

Personalized NFT`s (for now we are focused on Sports fans and personalized jerseys of users favourite teams, but there are many upgrades to come on this feature)
NFT Raffles (high quality NFTs will be offered as a lottery pick, where anyone can buy a slot and when it`s filled we randomly draw a winner/owner).

And to explain how the fractionalizer works. NFracTion’s main characteristic is the unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams. The puzzle piece is divided into 32 pieces, which can be acquired later on through randomly generated puzzle packs. Later on we will allow custom settings, but we would like to test the market first and then adjust accordingly to the community feedbacks.

Puzzle packs can be sold or traded, you see, the fate of the packs is in the user’s hands. Afterwards, when the user acquires/collects all 32 pieces of particular NFT, a new “whole” NFT is minted for the collector, therefore, creating the opportunity for no “multiple ownerships”. If there is a chance of multiple ownerships, then the user can make an individual deal with another user, to close out a deal on the terms they desire.

We also had successful IDO on Occam Razer TWO days ago, with total registrants 1620, which was the highest yet, and yesterday we were listed on Uniswap.

AMA Twitter Section Begins:

Q1. I’ve read that NFracTion will support multiple networks. Will more chain support be added in the future apart from Cardano and BSC? What is the advantage of multi-chain support?

Elio Artič: Great question. Correct, NFracTion will support multiple networks as stated.

Due to the Roadmap, we have been keeping our eyes on Cardano blockchain due to its versatile smart contracts, which bring usefulness to the network. This is the reason why we had our IDO at Occam.

Second, like Ethereum and Solana, the Cardano blockchain is also based on the proof-of-stake system, which requires miners to put up their own stake of crypto. Only those with the largest stake will be rewarded for their services. It reduces the overall computing power required for mining on a public blockchain and hence is more environmentally sound.

Cardano revealed that it has successfully rolled out the scheduled Alonzo upgrade, which introduces the much awaited ‘smart contracts’ feature — the same feature which allows for non-fungible tokens (NFTs), which goes hand in hand with our vision at NFracTion.

Multi-chain support gives higher liquidity options to the network, more assets can be transferred with great fluency, so to us, it was a no brainer. 😉

As stated in our Roadmap, we are adopting Cardano first, then we move to other blockchains such as Solana, Polygon and Ethereum and possibly more.

Q2. You said “NFracTion is an NFT Fractionalizer that breaks digital art into puzzle pieces”,
Can you explain how the NFT fractionation process is? Is there a certain number of pieces that they will be divided into? Or can an artist decide how many pieces they want to divide?

Elio Artič: Another great question. NFracTion’s main characteristic is the unique NFT Fractionalizer, that fractionalizes digital arts into puzzle pieces, which provide additional value for collectors and guarantee multiple revenue streams. The puzzle piece is divided into 32 pieces, which can be acquired later on through randomly generated puzzle packs. Later on we will allow custom settings, but we would like to test the market first and then adjust accordingly to the community feedbacks.

Puzzle packs can be sold or traded, you see, the fate of the packs is in the user’s hands. Afterwards, when the user acquires/collects all 32 pieces of particular NFT, a new “whole” NFT is minted for the collector, therefore, creating the opportunity for no “multiple ownerships”. If there is a chance of multiple ownerships, then the user can make an individual deal with another user, to close out a deal on the terms they desire.

Q3. I see that you have just announced a major partnership with MMA ON, the people behind who run 15+ MMA organizations around the world. What value does this partnership bring to your project? Have you had talks with some big names for potential partnerships?

Elio Artič: Correct, we already announced major partnership with MMA ON, people behind are running 15+ worldwide MMA organisations, such as Brave FC, WFC etc., as stated.

This partnership only confirms our quality and it settles foundations for long term plans.

We are in talks with some really big names for potential partnership, but due to the confidential nature of those talks it is too soon to talk about it. Once any new partnership is settled, we will announce it. The partnership is giving our project a great value in terms of recognising a quality product, which is much needed on the market.

Q4. You say Project is DeFi oriented, but on the other hand NFracTion can’t fully commit to DeFi in some sectors. In what sectors can you not fully commit to DeFi? Why can’t you fully commit to DeFi? What shortcomings do you see?

Elio Artič: We are DeFi oriented, but on the other hand NFracTion cannot fully commit to DeFi in some sectors. Meaning we want to become major sports memorabilia provider, and in order to onboard some of the major sports organisations, from that point of view, we must be able to become the bridge between two worlds, the traditional market (meaning big sports organisations and entertainment business, etc.) and the NFT crypto market.

But no worries, our mainstream goal will not confiscate the users privacy or authencity in any way. For that reason we are expanding on DeFi network, such as Solana and Polygon.

Hope you like the answer because this topic is very diverse, and I would like to invite you all to our official channels/groups and our team would be happy to assist you with further questions.

Q5. Could you please enlighten us about the founder of the Nfraction, Sir Elio Artic. Being the CEO and founder, do you have a board of directors to craft decisions for the project, or is it solely your responsibility? Do you have plans for expansion if possible? How will you do it?\

Elio Artič: Interesting question. The CEO is responsible for the overall success of a business entity or other organisation and for making top-level managerial decisions. In my case I make sure that everyone is on the right path in the process. I definitely ask for inputs on major decisions and consult with the board, when we come across any mayor decisions. Logically, as the project expands, we will need some additional help in the process and we are focused on integrity and reliability. Scouting has always brought good results to the team, we select those who are best at what they do.

Live AMA Begins:

Q6. Where did you acquire the name for the project? To you, what does it imply? And how did you come up with this name for your project? What are your goals and objectives for completing this project? What do you hope to achieve with NFRACTION in the future?

Elio Artič: Now this brings memories. 😄 To be honest we were re-branding the project for 4 or 5 times before setting this one. There was so much to tell and so many different ideas, but at the end we wanted to highlight our main unique feature which is fractionalizing. “N” at the front symbolizes endless ways of further development and on top of that we were able to “hide” NFT in it which triggered so much excitement we couldn`t resist.

Q7. Do you have another listing plan apart from uniswap? If yes please share with us the details?

Elio Artič: CEX listing is planned in the matter of three — four weeks. We will keep you updated on our official channels, where you can ask any additional informations and our team will gladly answer them.

Q8. I assume that this is a given for all projects, but can you speak about the security of your platform? Can NFracTion tell us who is doing the audit, and what security measures you are taking outside of said audit to protect user funds? (E.g. Insurance)

Elio Artič: Security is our number one concern, we want to take care about our users so all our contracts were audited by Solidity Finance.

Q9. NFracTion has Already Deployed on BINANCE SMART CHAIN & I see that You have planned to bring Cardano as well,
What is the main Reason You are planning to Build on Cardano?

Elio Artič: We have been keeping our eyes on Cardano blockchain due to its versatile smart contracts, which bring usefulness to the network.

Like Ethereum and Solana, the Cardano blockchain is also based on the proof-of-stake system, which requires miners to put up their own stake of crypto. Only those with the largest stake will be rewarded for their services. It reduces the overall computing power required for mining on a public blockchain and hence is more environmentally sound.

Cardano revealed that it has successfully rolled out the scheduled Alonzo upgrade, which introduces the much awaited ‘smart contracts’ feature — the same feature which allows for non-fungible tokens (NFTs), which goes hand in hand with our vision at NFracTion.

Q10. What is your advantage over other projects? Is it from a security point of view or the technology you are using? Or are there other advantages? What makes you believe that your project is worth choosing?

Elio Artič: We see the opportunity in creating a healthy ecosystem with high-end artists and attracting “true collectors”. We want to add value to the products itself, not only boost sales as many major players in the marketplace sector do.

To achieve that we are preparing a supportive environment, such as mobile app, landing pages, extra exposure for active users, reward/loyalty programs, buybacks etc.

Our complete concept is quite unique and we don’t feel comfortable comparing ourselves too much. NFT market got so BIG that there will always be enough room to cooperate and share the vision of solving the biggest problems in the sector, such as security, utility and non-crypto adoption with familiar projects.

NFracTion will always stay flexible in some way and upgrades will be implemented due to market/community signals and we want to seek partners, not competitors.

Q11. NFracTion support staking program? How does NFracTion take system work, what are the requirements for users if want to join your platform?

Elio Artič: Staking has been in development for quite some time. Users will be able to stake $NFTA tokens in exchange for fixed APY on them. More about the pools will be revealed in following days so get your $NFTA tokens to earn additional rewards on them.

Q12. Currently, most projects and platforms are in English. How will you reach non-English local communities? Do you have any plan for them to better understand your project?

Elio Artič: NFracTion is definetily globaly oriented, since we are targeting major sports organisations and sports fans community around the globe. Platform`s main language in this manner is of course English, because it is most commonly used in all sectors. But we are already connecting with many regional communities and we would love to support in their native language. We are planning regional TG channels and platform will be multi-lingual, but it`s to early, since we just went public in late June. We need to keep track on our community and we`ll be adding languages accordingly to community growth. No worries, nobody is going to be left out due to language barrier, we want to connect all markets for the desired goal, and that is, to deliver the best customer service possible.

Q13. Partnership is one of the key elements for every project so can you name some of NFracTion partners? What are the benefits that NFracTion gets when cooperating with them?

Elio Artič: We already announced major partnership with MMA ON, people behind are running 15+ worldwide MMA organisations, such as Brave FC, WFC etc. and here is the list of biggest inventors we are so proud of:

Exnetwork Capital
AU21 Capital
OIG
X21 Digital
Synapse Network
Fairum Ventures
Black Dragon
GHAF Capital
SL2 Capital
Octopus Crypto Capital
Lucidblue Ventures
Almora Capital
ZBS Capital
Blocked Chain Capital
Shin Chan

We are in talks with some really big names for potential partnership, but due to the confidential nature of those talks it is too soon to talk about it. Once any new partnership is settled, we will announce it. The partnership is giving our project a great value in terms of recognising a quality product, which is much needed on the market.

Q14. What is the best way to follow all your upcoming news and updates? Can you share with all your

#TELEGRAM
#TWITTER #WEBSITE

AND SOCIAL MEDIA links? What are your plans in coming Future?

Elio Artič: We invite you all to follow us on our official website and groups, we are keeping the community updated on a regular basis. Of course we try to answer any questions in TG asap:

https://www.nfraction.com/
https://twitter.com/nfraction_com
https://t.me/nfraction_official
https://t.me/nfraction_announcements
https://nfractioncom.medium.com/

Q15. Can you list 1–3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?

Elio Artič: Facing a strong competition out there we decided to keep NFT Marketplace, but as a supportive product for our special NFT Collections & Features, to name some:

- NFT Puzzle Packs (randomly generated puzzle pieces of NFT arts, that can be used to complete collections or win “whole NFT art” and can be tradeable on marketplace)

- Personalized NFT`s (for now we are focused on Sports fans and personalized jerseys of users favourite teams, but there are many upgrades to come on this feature)

  • NFT Raffles (high quality NFTs will be offered as a lottery pick, where anyone can buy a slot and when it’s filled we randomly draw a winner/owner)

-END-