NFT Creation

🔒 How It Works NFT Creation

• Users will be able to create their own NFT’s within the PixelPump ecosystem.

• Using the same 30x30 pixel grid use for the pixel token creation.

• Instead of tokenizing your Pixel creation, the NFT will be divided into 900 pixels (30x30) as fractionalized NFT’s.

• After your NFT is created it will be launched within our PixelPump NFT Marketplace and tradeable on our platform. Locking a Pixel: The NFT creator can set the initial price of his pixels (between a minimum and maximum to avoid overpricing). They have the first option to buy pixels. Afterwards they can launch their NFT on our marketplace. When an NFT is launched, investors can buy the remainder of the pixels at a price determined by the NFT creator. The creator will only receive his Pixel income once all pixels are locked. Once all Pixels are locked, PixelPump will establish a similar way of trading your pixels like OpenSea, where you can sell your pixel at the price someone offers for it. What happens when a Pixel does not lock? Investors of Pixels can at any time sell their pixel back to the creator at the set price per pixel minus the 5% platform fee. This might be the case when they do not think all 900 pixels will lock or when they believe it takes too much time for completion. This way we do not oblige pixel investors to hold onto potentially failed Pixel completions.

💰 Earning Rewards

The creator of an NFT will receive all income of his sold pixels minus a 5% platform fee once all pixels are locked. Afterwards, ownership transfers to the investor and they can sell their pixels when they want if someone offers them a price they ought to be significant enough. Staking rewards By incorporating NFT creation into the PixelPump ecosystem, the platform’s revenue will increase exponentially due to the 5% platform fee per Pixel transaction. 50% of the additional revenue generated by NFT creation will be forwarded towards $PXP stakers (30%) and token buy back & burn (20%).