Business Model
Ommniverse's sources of income are the Ommniverse 1/1 art sale, service, and transaction fees charged to buyers and curators. Ommniverse will also assist up and coming young curators, for whom a portion of the sales proceeds is theirs under a separate contract.
50% of the Ommniverse volume will be used to purchase OMMI tokens from the market, which will be burned'
This will have a good long-term effect and assist in lowering the market's supply of Ommniverse tokens
The first step is to divide an NFT into X shares, each of which will represent a portion of the entire NFT and be available for purchase based on the notion of a fractionated art NFT
Since every purchase will be based on an auction model, bids may be made for either the entire NFT or for a portion of those purchases
It should be noted that the auction for the specific NFT will only be open for a brief period of time during which bids can be made( the highest bidder receives the NFT shares.
The value of each share may either be the same or may vary depending on its rarity. It is entirely up to the curator
A OMMI token, which will be released together with the platform, will be used for all transactions
The Ommniverse platform will extract a certain service fee for each transaction to cover maintenance and other costs.
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