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kaiachain / kaia-dapp-mono

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Proposal: Fractionalizing NFTs on Kaia with KIP-7 Tokens #162

Open jorshimayor opened 1 month ago

jorshimayor commented 1 month ago

Description I plan to give a comprehensive guide on the migration process from ERC-20 to Kaia’s native KIP-7 token standard. I'll begin by discussing the technical differences between these two token standards, emphasizing why KIP-7 is more suitable for the Kaia ecosystem. I'll also give a practical example where an ERC-20 token is deployed on the Kaia network and migrated to the KIP-7 standard.

I hope the technical guide serves as a valuable resource for developers who need to adapt their tokens to the Kaia ecosystem, ensuring seamless migration while maintaining token integrity.

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zxstim commented 1 month ago

hmm... I don't think this is very helpful guide tho. ERC20 is already a cursed standard, full of security issue, same as KIP7.

I would rather having you make a guide deep diving into ways to leverage ERC20/KIP7 for many things like wrapping NFT into ERC20 for trading, etc.

Something like this: https://zora.co/writings/onchain-secondary-markets

jorshimayor commented 1 month ago

Oh okay, couple of ideas comes to mind like the forementioned tokenized NFT markets or automating liquidity provision for KIP-7 Tokens on Uniswap V3.

But I'd like to start with basic blend of both.

A simplified tutorial that'll introduce developers to the process of tokenizing NFTs by converting them into ERC-20/KIP-7 tokens. The goal is to enable fractional ownership of high-value NFTs, making them more accessible for users and tradable on Kaia compatible dexes or Uniswap. Developers will learn the basic steps of wrapping NFTs, minting ERC-20/KIP-7 tokens, and integrating them with DeFi platforms for liquidity.

Let me know what you think.

Thanks

zxstim commented 1 month ago

Cool. Approved. It needs to be comprehensive and technical tho. The more technical, the more careful attention to details, the higher quality writing, I will assign higher bounty

jorshimayor commented 3 weeks ago

Hey,

I just created a PR, let me know what you think.

Thanks!

zxstim commented 2 weeks ago

Hey, sorry, just got to this. Was working on some other proposals. Checking

zxstim commented 2 weeks ago

Hey can you also copy your article to a new repo in your github? :D helps with my upcoming kaia OSS list.

zxstim commented 2 weeks ago

Send the repo link and the dorahacks BUIDL link here

jorshimayor commented 2 weeks ago

Oh okay, these are the necessary links. I've added the markdown file to my GitHub Repo containing the article.

Repo Link: https://github.com/jorshimayor/fractionalize-nft

BUIDL Link: https://dorahacks.io/buidl/18345

Thanks