Cluster Protocol

A simple way to get ownership over NFTs and still being preserving the rarity of NFT.

Created on 26th August 2022

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Usually good NFTs are quite expensive and not affordable by an individual also the current fractional NFT projects focuses on making NFT more liquid and less focused on privatization and ownership of NFTs. Suppose there’s an NFT out there in the market but one individual can’t afford it solely and neither they want to acquire an NFT which is general (like most of the people have a fraction of it from the fractional NFT marketplace).
In the above mentioned case, what user can do is that they can come to our platform, create a fund pool, invite people to the pool (with whom they are willing to share ownership of the NFT) and once everyone contributes to the pool(till the threshold prize associated with each pool reached) and majority agrees to buy(according to consensus) an NFT, then they can buy it and the ownership of that particular NFT will remain specifically to that group.
Basically this project bridges the gap between solely buying an NFT and Fractionalizing an NFT making it more liquid and general.
This platform will allow a group of individuals to mark an exclusive right over expensive NFTs.
The current platforms which allow forming groups (like gnosis) and depositing funds is not community friendly. They are more like safe of funds and also the NFT rights handling issue is yet to be solved by them.

Several challenges we encountered while building this project:

We are still in a phase of finding a solutions for how to transfer rights which comes along with NFT to users.
Testing the whole project flow happened to be a tedious work.
It was actually a first time we worked on fractionalizing NFT for giving ownership of NFT to multiple user so the trial and error phase took some time.

Technologies used

Solidity

IPFS

React

pinata

Polygon