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NFT Marketplace and Collection architecture overview

Core Principles of the NFT & Garden Marketplace​

  • NFTs will always be transferred via the BLOK Capital Marketplace. They will remain within our ecosystem and will never leave.

    • Reason: NFTs represent ownership of Gardens. If an NFT leaves the BLOK ecosystem, the ownership of its corresponding Garden is compromised, resulting in the permanent loss of the user’s Garden.

  • Trading of Gardens will exclusively occur through the BLOK Capital Marketplace. Gardens will remain within our ecosystem at all times.

  • Creators of NFT collections will receive royalties on every trade of their NFTs.

  • Different NFT collections will unlock unique features for BLOK Capital Gardens, positioning Gardens as both digital art and an ever-growing crypto asset portfolio.

  • NFTs will be minted on Arbitrum, the chain where the BLOK Capital DAO resides. This serves as the source chain.

  • A registry of Garden NFT ownership will be maintained across all other chains where BLOK Capital operates in the future.

  • BLOK Capital will integrate Chainlink CCIP to enable cross-chain communication, ensuring NFT registries on destination chains are updated following each successful Garden trade.

  • An appropriate cross-chain architecture will be developed to ensure instantaneous registry updates. Without this, Gardens on destination chains may be at risk during transfers.

  • When a Garden is listed on the Marketplace by a seller, ownership will temporarily be transferred to the Marketplace contract, preventing any user access until it is either sold to a buyer or delisted.

  • The Marketplace contract will be owned and governed by the DAO.

  • The Marketplace contract will adopt either the Beacon Proxy or UUPS Proxy standard, which will be finalized upon further review.

  • The Marketplace contract will be deployed but remain inactive until the protocol formally launches.

  • For every successful Garden trade, BLOK Capital will charge a small percentage as platform fees.

Attaching Features to Gardens via NFT Collections​

  • Features will be defined as local variables within a Features Facet. This facet contains parameters such as discount rates, swap fees, and protocol fees, all mapped to the corresponding NFT collection.

  • Features will be upgradable and can be updated in the future through community voting, aligning with BLOK Capital’s principle of governance-driven evolution.

  • NFT collections will be launched on Arbitrum (source chain). On all other supported chains, registries will track NFT ownership and their respective holders.