The First Fragmented NFT Platform With Formable DAOs
Fragmint brings an extra dimension to your digital works by redefining the whole experience from conceptualizing & minting to trading & collecting NFTs.
To prepare for their IDO, we hosted an AMA with Stoyan Angelov, founder & CEO on BinStarter Telegram Official Channel. In case you missed it, here’s a quick AMA recap.
1. Please introduce yourself and let us know about the team behind Fragmint, how did you all come together?
Thank you! Definitely the key to sucess is who is behind the project and the team motivation, background and expertise!
I am in the events and entertainemt industries for more than 15 years so far and I am very happy to be involved with blockchain projects since 2016
5 years ago with my partners we found Evedo's Ecosyste which is mainly focused to build up products and innovations for this sector by bringing WEB3 innovations in the sector.
Here you can check the ecosystem that we are building and Fragmint is key part of it https://www.evedo.co/
More about me can be easily found on my Linkedin: https://www.linkedin.com/in/angelovstoyan/
And our Team page: https://fragmint.com/about-fragmint/#team
2. Please explain what Fragmint is, what are you guys trying to build? What is its mission and vision?
Fragmint is a one-stop solution for celebrities, festivals, and big franchises to launch and do NFT drops, capitalizing on their fandom.
Fragmint enables high-end art piece fragmentation for mass-market accessibility and the creation of a sub-economy.
Fragmint introduces a general governance voting system that allows the power users to vote for different decisions related to further platform development and upcoming auctions.
Fragmint gives DAO structure available for the owners of the different valuable NFTs generated during the different auctions.
All the FRAG Tokens will be used on Fragmint marketplace (limited supply, staking & burning mechanisms).
Fragmint will be used by:
🔸 Celebrities from any industry
🔸 Large Scale Event Organizers
🔸 Global Scale Promoters
🔸 Major Film & TV Production Houses
There is a really great explainer video that eveyone can watch here: https://www.youtube.com/watch?v=Pe_JYbwYW68
3. Can you explain to us what makes Fragmint different from other competitors on the art market?
Fragmentation and Modular art are definitely the keys of unique DNA that we have. There is a good educational article in our BLOG about the Modular Art: https://blog.fragmint.com/about-fragmint/fragminting-a-new-form-of-modular-art-on-the-blockchain/
The Formable DAOs are also unique feature that will allow people to create DAOs with their NFTs and to collaborate with Brands, Organizations, Metaverses etc
We believe that a curated platform with unique approach to the art creation can be a highly scalable and valuable for the NFT community.
4. What’s the problem you are aiming to solve in the Blockchain through Fragmint? There are a lot of details in our Litepaper: https://fragmint.com/docs/Fragmint-Litepaper.pdf
As we mentioned we are having focus on the concept with "MINT DIFFERENT". We want to give already existing collections, people from the art space, Hollywood Studios, Actors, Musicians etc a tool to create a valuable NFTS with focus on long term value, creating communities, and the most important bring real UTILITY
5. What are the milestones Fragmint has achieved so far that you are proud of? What are your future plans for Fragmint that you can share with us here?
We are very happy with thee whole partnership network that we are having.
Partnership with Polygon Studios, Dopamine App, Butkeep Wallet are helping us a lot for awareness in the blockchain cimmunities.
So far we have also reached the milestone of 50 000 registered users in the platform!
Btw everyone is open to enter and log in in the platform with 50+ wallets so far
We also have a major Hollywood studios that we signed a contracts with to work on a premium NFT campaigns trough Fragmint which will give us a huge awareness and validation!
Many more daily achievemnts are happening and having our upcoming and ongoing IDOs are a proof of the great work that our team have done so far!
6. Please talk about your token $FRAG, what are the benefits of using your token ? What are the utilities?
The UTILITY of the token is one of the most importnat topics here for sure. Here I want to share some of the major implementations of the FRAG token.
3. Entering / Exiting DAOs
4. Buy/Sell NFTs
5. Premium profiles with levels of access
Here you can check also the utilities: https://www.evedo.co/frag-token
The FRAG token nature is also a deflationary and there will be token burns based on the active work of the platform and usage of the platform.
As more FRAG tokens the platform earns, as more FRAG will be burned.
7. One important aspect for all projects is “Revenue”. How does Fragmint generate profit to fund future developments?
A very important part of the project developent is waht is the plat to become sustainable.
We have % comissions from the NFT sales, royalties and also paid premium accounts.
Also secondary market profits from merchandising and other IP royalties.
Here is also time to mention that we aim the platform also to have a charity segment where the NFT creators can choose to donate for specific humanitarian and charity campaigns. We believe this is a great approach.
8. And what about your target audience, would you say only crypto people, or newbies as well? What are the plans to raise awareness about your project in the non-crypto space?
Awesome! We target crypto + newbies. Have in mind that we are partnering up with large and well known organizations out of the crypto workw and we aim to bridge them to the NFT world. That will bring a lot of newbies
This is why we also have a A-Z gitbook Help center to help everyone educate themselves
Live Questions Round
1.Where can I buy your tokens right now what is your current contract and how can I buy them?
You can subscribe for the Binstarter IDO and to participate in the IDO token sale! Wish you a good luck!
2. What is your top things for priorities in 2022? Could you share some plans for the upcoming year?
On the current market situation we believe that what we can do is to really focus on the growing aprtnerships, launch our use cases NFT campaigns and building up the software as a scalable solution!
Launching the FRAG token now on 13 Oct is also a very importnat because on that way we grow the community and the early adopters of fandome of the platform!
3. What is the most ambitious goal of your project? Could share with us any Upcoming Updates?
We want to become one of the TOP 10 curated Marketplaces worldwide in the next 3 years.
4. Fragmint is a piece of an NFT, so is a Fragmint an NFT? And how can the project determine the uniqueness of a Fragmints?
The Rarity of the NFTs in the platform will be validated by the uniqueness of the cmapaigns and official endorsments from the premium NFT creators.
Here I want to share again the explainer Video that is explaining on a very good way https://www.youtube.com/watch?v=Pe_JYbwYW68
5. You mentioned in this AMA that music, events, movies are other NFTs which will be available, how do you hope to fragment such? If I own an NFT, can I decide the people with which I an fragment with? What do you mean by PILOT premium NFT drop?
Pilot premium NFT campaign will be announced soon. As we mentioned - we signed a contract with a major Hollywood studio where we will do NFT drop with one of their movies as PILOT campaign.
Fragmentation of different type of IP ( Intelectual Property ) will be tailord for the different verticals. Music, events, movies, art etc.
About fragmenting - yes. It will be up to you if you decide to co-own with other people.
BinStarter is a decentralized mining-style approval mechanism insurance protocol that is designed to examine projects according to certain criteria for 30 days and to protect liquidity providers against possible financial damages or any negativities.
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