Fracada V2: il Primo

A smart contract for locking up an NFT and tokenizing its ownership. Multiple NFTs can be added to the contract after its initial creation.

Fracada il Primo is an expanded version of the original Fracada contract, and has been funded by Project Catalyst.

Fracada il Primo is used to fractionalize NFTs. An NFT is locked up in a smart contract and then tokens are generated to represent that NFT, thus allowing for tradeable, fractional ownership of the NFT.

The deployer of the contract can choose how many tokens they create to represent the contents of the contract, and the NFT can only be unlocked by returning all the tokens to the smart contract.

More than one NFT: "NFT Bags"

A second NFT, and a third NFT, and a forth NFT, repeatable into infinity, can be added to the contract. This is done without creating new fractional ownership tokens.

Fracada il Primo can be a multisig contract, meaning that all transactions that take place: the locking of the initial NFT, the creation of tokens, the adding of more NFTs, and the unlocking and release of these NFTs; can require multiple wallets to sign off on it. Preventing random NFTs being added to contract and preventing malicious actions by a single wallet.

Fracada il Primo will be audited in the near future to provide peace of mind to those who want to use the contract.

Industry

Developer Tools

Plutus

Tags

Smart Contract

Catalyst Funded

Open Source

Fractional NFT

NFT

Fractional Ownership

Author

builtoncardano

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Glossary

Wallets

If you’re searching for where to store Cardano, ada, you’ve come to the right page. The best cardano wallet is a hotly debated topic in the Cardano community, and there are many types of Cardano wallet, all listed here, available to users. The only Cardano desktop wallet available is Daedalus, a full node wallet that downloads the complete Cardano blockchain, ~100GB.

By far the most popular type of wallet is a Cardano light wallet and there are many of these for you to choose from. The second most popular type of wallet is a Cardano web wallet. Most Cardano wallets will show the Cardano price, and a few have even the integrated the ability for you to buy Cardano, ada, directly in the wallet!

Almost all the wallets listed above allow you participate in the Cardano staking protocol, Ouroboros, where you can help to secure the network and earn passive income in the form of staking rewards. Many of the wallets listed above will also allow you to search for which pool to stake your Cardano, ada, to right in the wallet itself.

Finally, there are multiple Cardano cold storage wallets for you to choose from. There are five hardware wallets that offer native support for where to store ada, and two of them, the Ledger and Trezor are supported by multiple light wallets allowing you to use your favorite interface to keep your coins secure in cold storage.

NFT

If you’re looking for a Cardano NFT then you’ve found the place for you! listed here are all the projects that feature NFTs in some form on Cardano. NFTs are no longer just the PFP collections that made them famous, although many do still exists and you can find Cardano NFT projects here, NFTs are assets with multiple different types of utility, depending on which project’s NFTs your buying.

A Cardano NFT is a native asset on Cardano which means that, unlike on other (specifically EVM-based) chains, an NFT is not managed by a smart contract, meaning that it behaves and is managed differently to the chain’s base asset, ada. On Cardano NFTs behave the same as the chains base asset as they are native to the chain.

On this page you’ll find everything from Cardano NFT projects to DeFi projects and decentralized identity (DID) solutions that have incorporated NFTs, to the Cardano NFT marketplaces you can use to purchase NFTs.

Audit

Audits are incredibly important in the decentralized and blockchain world and audits are completed on a platforms code, typically by 3rd parties, to ensure that that code is as watertight as possible. Conducting audits before releasing product is a best practice technique and can expose flaws in a protocol before that protocol is released to the public, allowing developers to fix them so that they cannot be exploited by hackers.

When we run on the mantra that “Code is law” then that code needs to be secure so that everyone can be sure that their tokens are safe in the protocols and platforms they’re using. The projects tagged with audit are those that offer or conduct audits on platforms and projects in this space.

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