Option to redeem a specific NFT
complete
T
Technology NFTX
complete
Shipped in https://v2.nftx.org
Javery
planned
This has been added to the planning board.
edgar.eth 🦉
What problem does that solve?
My thoughts: If someone drops a high-value asset to the index, it benefits everyone (if they can't pick).
If people can choose to remove the high value asset, it's beneficial only to that one person, everyone else will lose. In reality, the index might become full of non-desired NFT's.
Additionally, this won't fix the real issue - if I really like my NFT and I want to get the same one back, there's no way for me to guarantee it. Sure, I can pick any NFT from the pool and possibly redeem my NFT, but someone else can snap it from the index before I do.
So yeah, I'm curious to understand what problem are we trying to solve with it.
0xNick
edgar.eth 🦉: for me this feature would help create a more reliable price floor feed. The more the pool can be arbitraged by knowledgeable users the more useful the data is as a price floor.
I wonder though if we're better off looking at an auction on top of a premium.
And perhaps a need to adjust the premium depending on the number of NFTs left in the index to avoid reducing supply too dramatically.