What is capsid? Caspid is an infrastructure project that drives the development of Non-Fungible Token (NFT) in the future. The project provides Tools, APIs, NFR Marketplace (NFR – Non-Fungible Rights) to bring about Use Case new for NFTs.
Let’s find out more details about this project.
What is Capsid?
2021 is a blooming year for the Non-Fungible Token (NFT) market. According to Opensea’s report, NFT trading volume reached 3.4 billion USD in August 2021. The speed at which NFT projects are created is increasing. However, the applicability of NFT has not yet met this speed. Therefore, Capsid was born to bring new Use Cases to NFTs.
Capsid is an NFT Derivative protocol that allows NFT holders to profit through the protocol without losing ownership of their NFTs.
Capsid Overview
Capsid introduces to everyone the concept of Non-Fungible Rights (NFR). NFR is essentially an NFT created with the purpose of creating more Use Cases for NFTs.
In addition, Capsid also acts as a platform, providing Tools and APIs to help Developers easily develop Dapps.
Mechanism of action of Capsid
- Step 1: Users create NFR by combining NFT and Avatar NFT (This can be a background image to make the NFT more beautiful). Users earn profits through project revenue.
- Step 2: Capsid Protocol provides Tools and APIs to help Developers more easily build DApps.
- Step 3: Developers use Tools and APIs to build DApps to bring many Use Cases to NFR. DApps can be games revolving around NFR.
Capsid Differences
- Capsid offers a novel solution for NFTs, enabling NFT owners to earn passive profits through the platform.
- Building the NFR Marketplace product helps people easily buy, sell and exchange NFR.
Development Roadmap
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Core Team
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Investor
- August 1, 2022: Announcement of successful $3M Seed Round with the participation of Distributed Global, SpringWind, Xoogler Ventures, Mask Networks, Web3 Venture along with the participation of a number of angel investors as directors executive and former director from Binance, Houbi Global…
Tokenomics
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Project Information Channel
- Website: https://www.capsid.one/#/
- Twitter: https://twitter.com/Capsid_One
- Discord:
Summary
Capsid is a project with a new idea, however the project does not receive much attention from the community. The development team is also quite slow when it comes to not regularly updating information on social networking platforms to everyone.
Join Weakhand to monitor the project’s development in the future.