I am preparing to auction the NFT of a photograph that has become a famous meme across the Internet for 10 years.
Instead of offering this 1/1 NFT for sale to a single collector, could an alternate way of bringing this piece to market be by creating a pool?
My understanding of the creation of NFTX’s Hashmasks pool is that one NFT was staked along with 1 ETH, in return for one ERC-20 token.
Since the pool I am proposing would exist to hold only one NFT, as the owner of the NFT I would stake the NFT plus its equivalent value in ETH to claim one ERC-20 token.
However, my valuation of the NFT is so high that I do not have the equivalent amount of ETH to stake.
Your feedback would be most welcome on the ideas of:
- Creating a pool based around a single NFT
- Logistics of staking when the owner cannot provided 100% ETH equivalent