IberoAm crowdfunding (Artist: CALE)
Reserve Price after Fractionalization
ARTWORK FOR IBEROAM CROWDFUNDING
How it works
With NFT Crowdfunding, the NFT is for sale at an initial reserve price, a so-called Target Price, and multiple people can join to buy a part of it. As soon as the Target Price is met, a timer is triggered allowing other users to participate in the purchase of the NFT, consequently increasing its final value.
At the end of the countdown, the NFT is fractionalized and all the participants in the NFT Crowdfunding receive a proportional number of Fractions according to their contribution. Immediately thereafter, the NFT is made available to be repurchased in the Nftfy marketplace via auction