Randomized draws are becoming a new primitive for onchain distribution.
FWA just turned it into a market. NFT holders deposit assets backed by ETH. Buyers pay to draw from the pool. Post-draw, you either keep the NFT or cash out against its backing.
FWAIR applies this to launches. Collections only go live once every piece is backed. No FCFS mint wars. You get a random NFT with a built-in exit at floor.
The main pool exposes the core issue: every listing gets the same base cut of pull fees. Cheap NFTs can farm high yields on minimal backing because they're drawn more often. Depositors are incentivized to dump trash that buyers won't keep.
V2 adds custom pools, but only pool owners can supply them. Independent depositors are still stuck in the uncurated main pool.
The fix: curated pools open to outside depositors. Buyers get transparency on what they're drawing. Depositors can supply under clear standards. As FWA expands beyond NFTs, this structure could unlock randomized distribution for any asset class onchain.
FWA just turned it into a market. NFT holders deposit assets backed by ETH. Buyers pay to draw from the pool. Post-draw, you either keep the NFT or cash out against its backing.
FWAIR applies this to launches. Collections only go live once every piece is backed. No FCFS mint wars. You get a random NFT with a built-in exit at floor.
The main pool exposes the core issue: every listing gets the same base cut of pull fees. Cheap NFTs can farm high yields on minimal backing because they're drawn more often. Depositors are incentivized to dump trash that buyers won't keep.
V2 adds custom pools, but only pool owners can supply them. Independent depositors are still stuck in the uncurated main pool.
The fix: curated pools open to outside depositors. Buyers get transparency on what they're drawing. Depositors can supply under clear standards. As FWA expands beyond NFTs, this structure could unlock randomized distribution for any asset class onchain.
