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RICKS - Paradigm

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Introduction This paper introduces a new NFT fractionalization primitive: RICKS (Recurrently Issued Collectively Kept Shards). When you fractionalize an NFT into RICKS, the protocol mints new shards at a constant rate —

RICKS 10.06.2021 By Dan Robinson , Dave White , Andy8052 [L] Listen [S] Share Link , Markdown , X , LinkedIn Introduction This paper introduces a new NFT fractionalization primitive: RICKS (Recurrently Issued Collectively Kept Shards). When you fractionalize an NFT into RICKS, the protocol mints new shards at a constant rate — say, 1% per day or 5% per month — and sells them. The proceeds are distributed to existing RICKS holders as staking rewards. This design solves the reconstitution problem, ensuring that RICKS can always be converted back to their underlying NFT, while avoiding the liquid

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