Natto is a traditional Japanese dish consisting of fermented soybeans and characterized by a slimy, sticky and stringy texture. Based on that description, you will most certainly agree with the Japanese that Natto is an acquired taste, which can also be said about art, not to mention NFTs. With that in mind, I would like to propose Sushi’s NFT Exchange and Launchpad, NATTO to the community.
As something that has been suggested by the community on more than several occasions, the recent release of Uniswap V3 NFT LP tokens created an even more exciting opportunity in the scope of NFT assets. This proposal would like to offer the Sushi community, a gas-optimized NFT trading platform that supports NFT artists and collectors via a franchised store and personal gallery launchpad, in addition to providing Uniswap V3 NFT LP token holders a seamless selling solution.
Capitalize on the exponential growth of global NFT interest, which lacks a community-driven NFT trading platform, while driving more value to xSUSHI holders.
Any ERC721/1155 token can be traded permissionlessly on Sushi’s new vertical, NATTO, an NFT asset exchange. Default currencies will be ETH and SUSHI, however, any Sushi-listed ERC20 token will be supported as an acceptable payment method, with gas optimization at the core function of the contract.
There are 3 order types:
Fixed Price: Seller sets asset price and an auction expiry date.
Dutch Auction: Asset prices generally start high and incrementally drop until a bidder accepts the current price. The seller can set the price to drop 1% (e.g.) per block, until the asset is purchased.
English Auction: The bidding starts at seller’s desired amount and continues, without any cap, until auction expires. Seller has the ability to set a minimum acceptable bid amount.
Native support for Uniswap V3 LP tokens, which (TLDR) are NFTs. When a Uniswap V3 LP token is sold, the seller can chose to automatically convert Sushi’s equivalent token pair, if available.
NFT Launchpad. Users can open their own franchised stores on NATTO.
Transaction fees are set at 2.5% and all fees go to xSUSHI holders.