NFT call options that can satisfy both NFT buyers and sellers(creators)

Currently, NFT creators have difficulty setting up initial prices and NFT buyers have the fear of missing out good NFTs. A mid-layer can be added between the two sides by minting ERC3754 NFTs as rights to purchase NFTs. NFT creators can presale such rights at lower prices and hence are able to set the initial prices higher. For NFT buyers, buying such rights is a small commitment and can sell them if they do not like the NFTs minted later on. The rights are made liquid by EIP-3754.

Such right can be best understood as a call option on an NFT. Effectively, this is a market making layer by reducing the bid-ask spread.

Would love to hear your thoughts. Thanks!

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What avoids a gold rush on the call options instead of the current gold rush on the NFTs themselves?

Call options provide owners the right but not obligation to exercise the right of buying the underlyings. Hence, call options encourage risking less capital in gold rush on the NFTs themselves.

Fair, I was coming at this from the perspective that the main issue with NFT drops was the congestion it caused in the chain. (And that the price issue you highlighted was that drops where priced too low, which caused this gold rush.)

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The fuel of the “gold rush” which is the low price cannot be taken away as this is the main reason for the explosion in the NFT market place. Attempt to increase price will ground the boom as gas price is already doing justice to this.

The idea of an option is to lock the opportunity of getting an NFT at an even lower price. The value-add is this is achieved at no cost of the token creators, since the creators can set the initial sale price higher. The exact conversion between an option and an NFT needs some calculated design though.

A Solidity implementation of the NFT option idea can be found here.