Programmable DID protocol Midhub proposes NFT PMM issuance trading mechanism

2022-10-24 11:41:50

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ChainCatcher news, the programmable DID protocol Midhub Protocol, incubated by TokenPocket, is implementing the NFT PMM (Protocol Market Maker) protocol supported by programmable NFT technology. The decentralized PMM CURVE mechanism based on Y=logmX will drive the value discovery and application of programmable NFTs. This protocol will be widely applied in web3 scenarios such as OnchainDAO, GameFi, SocialFi, and DeFi.

NFT PMM utilizes the trading mechanism of NFTs (erc721) against the erc20 pool constructed with the Y=logmX value curve, building NFT liquidity from algorithmic consensus, which is expected to fundamentally change the liquidity challenges of NFTs in existing centralized trading mechanisms. Programmable NFTs are expected to become the foundational components of the web3 value network.

It is reported that programmable DID is the first application of NFT PMM, providing a set of onchain web3 community creation paradigms and mechanisms for developers, creators, and KOLs.

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Midhub NFT PMM

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