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What is Unicly?

Unicly is a pioneering protocol that empowers users to combine, fractionalize, and trade NFTs in a community-focused, permissionless environment. Developed by a group of NFT enthusiasts and DeFi advocates, it enhances liquidity for NFTs while providing a streamlined trading experience that effectively merges automated market makers (AMMs) and yield farming into the NFT ecosystem. This forward-thinking method enables users to consolidate their NFT holdings, convert them into tokens, and trade them with remarkable simplicity. With the introduction of uTokens, investors can diversify their portfolios by acquiring fractional ownership of multiple NFTs at once. The conventional NFT purchasing process is often complicated and inefficient, which can deter potential buyers. Unlike fungible tokens that thrive due to numerous participants in the market, NFT transactions rely heavily on direct interactions between individual buyers and sellers, leading to lower liquidity levels. Furthermore, the rising costs associated with popular NFTs often create obstacles for many buyers, resulting in a concentration of ownership among a limited number of individuals and leaving a considerable demand gap in the market. Consequently, the emergence of solutions such as Unicly is vital for broadening access to NFT investment opportunities, ensuring that a wider audience can engage with this vibrant sector. By addressing these challenges, Unicly not only enhances market accessibility but also encourages a more equitable distribution of NFT ownership.

What is Bancor?

Bancor acts as a protocol designed for the creation of Smart Tokens, establishing a new benchmark for cryptocurrencies that can be seamlessly swapped through their smart contracts. This on-chain liquidity protocol promotes automated and decentralized trading on Ethereum and other platforms, ensuring effortless transactions. Completely functioning on-chain, the Bancor Protocol is adaptable to any blockchain that accommodates smart contracts. As an open-source standard for liquidity pools, it offers a solution for automated market-making, allowing users to transact with tokens directly via a smart contract interface. Presently, the Bancor Network operates on both the Ethereum and EOS blockchains, but its architecture is crafted to ensure compatibility with additional blockchain ecosystems. The protocol's design can be easily embedded into a variety of applications that enable value exchanges, highlighting its flexibility and ease of use. Moreover, the open-source characteristic of the Bancor Protocol encourages community members to engage in its ongoing development and improvement, which fosters a spirit of collaboration. This joint effort not only enhances the protocol itself but also propels innovation and expansion within the broader blockchain landscape, creating a dynamic environment for all participants involved.

Media

Media

Integrations Supported

Fortmatic
MetaMask
WalletConnect
Authereum
CoinLedger
Crypkit
Droidex
Eidoo Wallet
Exponential DeFi
Hedge3 Turnkey Wallet
Kattana
Lattice1
Ledger
Parsec
Polygon
Portis
WalletLink
ZenLedger
aelf

Integrations Supported

Fortmatic
MetaMask
WalletConnect
Authereum
CoinLedger
Crypkit
Droidex
Eidoo Wallet
Exponential DeFi
Hedge3 Turnkey Wallet
Kattana
Lattice1
Ledger
Parsec
Polygon
Portis
WalletLink
ZenLedger
aelf

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Unicly

Company Website

www.unic.ly/

Company Facts

Organization Name

Bancor

Date Founded

2016

Company Location

Switzerland

Company Website

app.bancor.network/eth/data

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