At launch, the Idol Marketplace will be the only official marketplace where Idol NFTs are traded. The Idol Marketplace provides the following benefits to the protocol:
- Decentralized, Open, Immutable place to trade Idol NFTs
- Regardless of how other NFT marketplaces may evolve, Idol NFTs will have no "exchange failure" risk.
- No third-party external market fees
- 100% of commissions are paid to the community with no additional external market fees
- Consolidated source of liquidity
- We expect the Idol Marketplace to always remain the most liquid source of trading for Idol NFTs
- Ensures that $VIRTUE stakers receive all commissions due
- $VIRTUE stakers are important members of the ecosystem as post The Offering, the Bonding Curve is the only avenue for new stETH to enter the protocol.