Waterfall

Waterfall is an NFT trading protocol, a prediction market-esque trading and pricing protocol for NFTs. Buy, sell, and predict on NFT prices. At Waterfall, we believe accurate and fair NFT pricing will make the digital ecosystem much more efficient and enable productive use cases such as lending, advanced trading strategies, and more. There’s currently no clear way to price NFTs beyond floor NFTs. For "rarer" NFTs in a popular collection, “1 of 1” NFTs, or NFTs from a less popular collection, pricing is even more arbitrary. Within large collections, the floor price can serve as a reference point: an NFT priced at or near it will likely sell. However, there are no such reference points for 1 of 1s and illiquid collections. Without a way to determine fair prices, the market is extremely inefficient: there is no price discovery for many assets. We want to provide price discovery for any NFT. Additionally, due to their discreteness, it's easy for NFTs to become illiquid. Paired with the requirement of having to acquire whole NFTs, trading becomes very risky or inaccessible. By allowing people to trade NFTs without having to acquire entire NFTs, we unlock more liquidity to NFT trading.