AMA with Unifty

On the 9th of August, 2021 at 16:00 UTC, Decentralized Club had the honor of hosting Colin Platt, CEO of Unifty, for an Ask-Me-Anything session on their Telegram page with a community of over 31,000 people. It was hosted by DC Admin, May.

The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.
 
If you missed this event and would like to know what Unifty is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity.

Segment 1 - Introduction

[May]
Hello, 大家好, नमस्ते, Selamat!

My name is May and I'll be hosting the AMA with Unifty.

Today, we have with us a guest from the Unifty Team.

You're welcome and it's an honor to have you here.

[Colin]
hello, thank you for having me

[May]
It's our pleasure

Could you quickly tell us more about yourself and your job description at Unifty?

[Colin]
Sure thing, to quickly introduce myself I'm CEO at Unifty. I've been in crypto since 2013, full time since 2014 and NFTs since 2017. Worked with a number of large companies in crypto, as well as startups and setup research for a large European investment bank on crypto in 2014. Prior to this I worked on a trading floor and have a background in marketing. Based in France.

Unifty is a multi chain infrastructure platform for NFT creators and the digital creator ecosystem. Currently operational on Ethereum, Binance Smart Chain (BSC), xDAI, Polygon (ex Matic), Celo, Moonbeam, Avalanche and some more. Unifty seeks to offer accessible and affordable no-code solutions to mint NFTs, and enable functionality. We also offer marketplaces on a number of networks, and offer native support of the first “interactive” NFTs (iNFTs). $NIF tokens trade on Uniswap, PancakeSwap (BSC), Kucoin and Bilaxy

[May]
Unifty looks terribly impressive already!

Can't wait to see what else you have for us today on your project.

Shall we now take some project introductory questions?

[Colin]
yes let's do it

[May]
Okay.

First question.

Q1. Can you tell us what the motivation behind developing Unifty was?

[Colin]
Essentially it was the lack of tools to organize and manage NFTs at cost-effective pricing inspired us to go out with a platform that serves those needs.

Unifty's main concept consists of 2 parts, providing tools for NFT creators that enable them to compete without needing to code and spending a lot of money on development. But there is also a philosophical aspect built-in: we want that every artist and creator is directly benefiting from using our technology that we provide.

Before Unifty entered the scene you would have either to code your own farming contract or contract actual developers. Now you can create an NFT farm on-the-fly at a very low price. This type of software-as-a-service principle is basically what Unifty is about.

[May]
Nice!

Q2. How does Unifty create a better ecosystem for NFT artists compared to other similar projects in the market?

[Colin]
Unifty aims to be the best no-code solution to allow creators to increase interaction with their communities wherever they are, in a manner that doesn't require large centralized parties.

We provide solutions that are not only no-code, but also cost effective, extendable, robust, secure but also available on a large number of blockchains.

Unifty recognizes that a lot of creators get lost on the large marketplaces and we make it easier for them to build direct links with their communities and work with the blockchains that they want. Our white-label marketplaces are one avenue for this, and we will have some big announcements around that soon.

We're also working on a feature called exhibits which is a really novel way to help creators get exposure, more info soon.

[May]
I agree! Great move there for providing a link between creators and content consumers via blockchains

Q3. Can you shed some light on your multichain fractionalization and swapping tools for NFT collections?

[Colin]
We recently released a tool that allows for ERC721 standard NFTs to be locked into a contract and release ERC1155 tokens that represent this. It can be thought about from a fractionalization point of view, which is a popular topic, but is also a useful demonstration to showcase how NFTs can morph and be used in other blockchains. For example an NFT can start its life in Polygon or BSC and move to Ethereum mainnet, or vice versa. This gives those NFTs new properties and abilities to grow with the community and ecosystem.

Our swapping tool is a new take on trading, rather than purely selling an NFT for USDC or ETH, you can trade directly for other NFTs. This helps increase engagement in a project.

[May]
Great!

Q4. How do we acquire $NIF and why is it important to be held from an investment perspective?

[Colin]
You can acquire NIF on Uniswap, Pancakeswap (bNIF on BSC), as well as at Kucoin and Bilaxy.

We recently announced an update to our token utility model, and NIF will become a governance asset, managing the most important aspects of the platform, it will also be used for staking and will release a new token, UNT. UNT (which can be acquired through staking NIF) will take over some of the more utility payment functions.

More info is coming, but you can read our latest blog post: https://www.unifty.com/blog/announcing-a-new-look-new-website-and-new-dual-token-model-with-governance-features?utm_source=telegram&utm_medium=decentralizedclub&utm_campaign=ama

[May]
Last question for this segment.

Q5. What are the major plans on track for completion this year for Unifty?

[Colin]
In addition to the Community Governance and UNT launch that I mentioned, and which we have coming up this month, we have a number of other topics on our roadmap, including rolling out new features around custom NFT drops, auction tools and blindboxes/packs. We're also working to support even more blockchain networks. We'll also see what other things the community backs through community governance.

Our goal is to keep rolling out tools that will help creators build their ecosystems, and support decentralization both through our community governance and product design. We believe that this is the best way to build the ecosystem and support creators and the Unifty ecosystem.

[May]
😎

Looking forward to it!

It's time to take questions from our Twitter community.

Segment 2 - Twitter Questions

[May]
Q1. How does the Unifty farm builder empowers the artist to create and utilize their own tokens easily?

Twitter Username: @static_current

[Colin]
You can check out our site at unifty.io. The entire farm builder is customizable. You fill out a simple form, pay a setup fee, and send it to the blockchain. You can use any ERC20 token you'd like as a staking asset. This differs from other platforms where they need to onboard and accept your token. Give it a try.

[May]
Q2. What is the relationship between NFT artists and creators and Unifty in relation to ownership? Is this ownership fully or partially renounced when collections are uploaded to Unifty?

Twitter Username: @TadesCorner

[Colin]
Everything at Unifty is fully decentralized and managed by the creator

[May]
Q3. Can you tell us about Unifty Collection Manager and Unifty wallet?

Twitter Username: @cradled_in_

[Colin]
Collection manager is for people minting and managing NFTs, wallet holds and displays NFTs you have as well as letting you transfer them.

[May]
Great answers!

It's time to take questions from our website community.

Segment 3 - Website Questions

[May]
Q1. What obstacle is faced by new and established artists that is thwarted by Unifty?

Telegram Username: @danWickerjil

[Colin]
One big issue that creators face is how to build NFTs that are useful and do things. Unifty helps by building tools that make that easier, for instance our NFT farms that allow creators to build customized staking contracts. As these have been audited and are fully customizable, creators save thousands of dollars and hundreds of hours of dev time.

[May]
Good to know!

Q2. I saw in your roadmap that by this August, Dual Token Launch + Staking feature will be deployed in your platform. Can you tell us what tokens can we expect to see in your staking platforms?

Telegram Username: @Jmagsss

[Colin]
UNT, our new asset that can be acquired by staking NIF. Check out our latest blog post to learn more: https://www.unifty.com/blog/announcing-a-new-look-new-website-and-new-dual-token-model-with-governance-features?utm_source=telegram&utm_medium=decentralizedclub&utm_campaign=ama

[May]
Okay

Q3. How can an artist with talent but no recognition collaborate with the UNIFTY platform? What can UNIFTY offer which other platforms cannot?

Telegram Username: @albertjaison

[Colin]
Anyone can use Unifty. We have a great community that supports artists as well, and always help to support them where we can.

We've also got more interesting announcements coming soon, so stay tuned.

[May]
Please share your social media links so our community can keep tabs on yours.

[Colin]
Website: https://unifty.io/ & https://unifty.com/

Twitter: https://twitter.com/unifty_io

Telegram: t.me/unifty

📚Medium: https://uniftyio.medium.com

[May]
Thank you!

Dear Decentralized Club community, please follow Unifty's socials for more information and answers if your questions haven't been clarified in this session.

[May]
It's time for the most popular segment of the AMA session

In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

Please pick four original questions to answer.

Try to ignore generic, vague and copy-paste questions 😊

Ready?

[Colin]
go for it!

---Chat was then opened for the live community to send in their questions---

Segment 4 - Live Questions

[May]
@colingplatt

Please pick four questions now 😊

[Suted Jadian]
How easy is it to create a NFT on Unify? What kinds of coding knowledge do you must have to be a creator on Unify?

[Colin]
Unifty is a no-code platform. This is what makes us unique. You don't need any coding knowledge to get started at all, and we're continuously adding more features and products. Everything is driven by web based forms. Go check it out at unifty.io

Summer Body:
Your market chains work on both L1 and L2, what is the main difference??

[Colin]
We currently support 7 live blockchains. L1 generally refers to "base" blockchains, like Ethereum, Avalanche, and others. L2 generally supports L1s, this includes networks like Xdai, and Polygon. The definitions are becoming more blurred over time. What is important is that Unifty can support so many, which gives users many more opportunities to work in the networks they want with their communities.

[J Mags]
Will it be possible to trade (buy and sell) the $UNT token outside of your platform and into other DEX's?

[Colin]
Yes it will be possible, UNT will be a standard ERC20 token that is earned through staking (yield farming), you'll need NIF to do that. Like other ERC20 tokens it will be tradeable on DEXs

May Gusta
2️⃣ more to go

[JJ]
I would like to know a lot about partnership with SNAFU Collective and Unifty about farming and if only SNAFU is the place to farm $NIF?

[Colin]
SNAFU is a really interesting project from a mostly Italian based artist community. They have created a farm and you can stake NIF to earn points which are used to redeem for NFTs they created. Please go check them out.

[May]
1️⃣ more 😎

[Dhir]
What makes Unifty stand out compared to it's Blockchain counterparts?

[Colin Platt]
Unifty is decentralized, and no-code driven. This means that you don't need to be a coder or spend a lot of money hiring someone to write your contracts and then having them audited. It's already done and costs a fraction of the price.

[May]
🥳

Thank you so much for your responses!

[Colin]
Thank you

[May]
Unifty is 100% impressive!

Thank you for sharing with us today.

Any closing remarks before we end the session?

[Colin]
I look forward to seeing you all at unifty.io and unifty.com soon. We're opening community governance this week and look forward to decentralizing NFT creation together

[May]
We will stop by!

Thank you for your time! Have a great day.

Group unmuted.

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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