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IBEROAM

IBEROAM #16
[object Object]Polygon
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[object Object] Pool Auction

Pool Details

Fraction Name

IberoAm crowdfunding (Artist: CALE)

Fraction SYMBOL

IBE

Reserve Price after Fractionalization

45,000 MATIC

Description

ARTWORK FOR IBEROAM CROWDFUNDING

0x35f8aee...dollar icon
Token Id: 138258...Nº of copies: 1/1

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