Floor Protocol V2: The Ultimate NFT Marketplace for Trading and Earning

4 min readJul 29, 2024

What is Floor Protocol V2?

Floor Protocol V2 (FPv2) stands at the forefront of NFT marketplaces, powered by advanced NFT fractionalization tech. FPv2 aims to provide the ultimate trading platform, offering unparalleled liquidity, accessibility, and revenue opportunities for NFT collectors and traders.

Understanding NFT Fractionalization

NFT fractionalization transforms the way we trade and interact with NFTs by allowing them to be divided into fungible tokens. This innovative approach makes NFTs compatible with DeFi infrastructures and centralized exchanges, significantly enhancing liquidity and accessibility. At Floor Protocol, we prioritize BT404 as our fractionalization solution while supporting various other methods to cater to diverse user needs.

Introducing BT404: The Game-Changer in NFT Fractionalization

BT404 is inspired by the peer-to-peer networking principles of BitTorrent, enabling a decentralized and efficient approach to NFT trading. This solution allows users to upgrade their NFTs to a more versatile contract, allowing NFTs to be fractionalized and sold piece by piece. BT404’s unique design prevents depegging issues and ensures that fractional tokens can be safely traded on platforms like Uniswap.

The first project to leverage BT404 technology was “Underworld,” launched a few months back. “Underworld” pioneered this groundbreaking tech, showcasing the potential of BT404 in creating a more versatile and liquid NFT market. Through this project, users experienced firsthand the benefits of fractionalization, setting the stage for broader adoption of BT404 within the NFT community.

Key Features of FPv2

FPv2 introduces a new era for our protocol as we begin to offer our enhanced features, designed specifically to cater towards all our users. Whether you have minimal trading experience, are well versed in the trading world, or are looking to take advantage of revenue opportunities — FPv2 has you covered.

Aggregating Listings from Top Marketplaces

FPv2 aggregates listings from top marketplaces alongside Floor Vault Assets, providing users with the most extensive selection of NFTs, the lowest prices, and the best choices available. Our platform sources listings from both peer-to-peer and traditional marketplaces, making FPv2 the ultimate destination for NFT shopping.

2. Safe Trading of Fractional NFTs

FPv2 allows users to trade fractional NFTs without the risks associated with traditional methods, ensuring a secure and efficient trading environment.

3. Marketplace Revenue through seeding

Users can earn income from marketplace fees by seeding their NFTs. By making unlocked NFTs available on a peer-to-peer marketplace, users earn fees as others swap or trade these NFTs.

When a seeded NFT is purchased, it is replaced with another of equal value, maintaining the user’s total NFT count. To safeguard valuable NFTs, users can lock them to prevent accidental trades.

4. Enhancing Liquidity with BT404

BT404 significantly improves liquidity by enabling NFTs to be traded both as traditional assets and fungible tokens. This flexibility attracts more participants, boosting market dynamics and making NFTs more accessible and valuable.

5. Future Yield Opportunities

FPv2 provides opportunities to earn yield through seeding and other future launches, offering users additional ways to maximize their returns.

6. Protecting Your NFTs: Locking Mechanism

FPv2 offers a locking mechanism to prevent the accidental sale of rare NFTs. Locked NFTs are excluded from seeding, providing an extra layer of security for valuable assets.

7. Swap

On FPv2 there will now be a dedicated feature allowing users to swap their NFT. Through the Swap tab, users will be able to trade their current NFT with one from the Floor Protocol seeding pool. With the swap fee only being 2.5%, this gives users a better chance to find their dream NFT without having to cough up the premium to purchase from other marketplaces.

Conclusion

Floor Protocol V2 is redefining the NFT landscape with its innovative approach to fractionalization and seeding. By offering safe, efficient, and versatile trading options, FPv2 ensures that users can maximize the value and liquidity of their NFT collections.

Make sure to follow the Floor Protocol X account so you don’t miss any updates. We are constantly working hard to update our protocol and provide the best experience for all our users. More coming soon….