How can
$Blerb have liquidity on NFT and token markets?
Having NFT and token markets is unique to the hybrid model, as it combines NFTs and tokens into one system:
BLERB NFTs are uniquely minted into existence on the blockchain and each holds 90,000 tokens in the BLERB bridge contract.
The NFTs can be exchanged for BLERB tokens at the BLERB bridge contract.
When bridging, the NFT is burned. To get the NFT back, collect 90,000 tokens and exchange them for a newly minted NFT using the BLERB bridge contract.
BLERB might launch a higher tier NFT later that holds more Tokens, these may be even rarer than the base NFT because they will be harder to create. It is impossible to mint more
$BLERB tokens after the launch phase!
1 BLERB NFT = 90,000
$BLERB tokens, and 90,000 tokens = 1 BLERB NFT. Both are traded separately, creating arbitrage opportunities that keep their values in equilibrium.
Liquidity can enter the Blerb ecosystem on two ways: through NFT markets on BASE and traditional token trading markets via UniSwap. This innovation, pioneered by bozo on Solana, is now being brought to BASE and Ethereum Virtual Machines (EVMs) by BLERB.