Project Overview

Project Panda was conceived by reflecting on the current trends of centralization in the NFT space. As the space has developed, companies have moved to control key services, hoping to maintain dominance over the emerging industry as it evolves.

These platforms have worked to centralize the means of production, exchange, ownership, and experience of NFTs. Through this control, they work to set up "switching barriers": a gold standard business concept which encourages companies to make it difficult and painful for their customers to use a different service.

In addition to decisions made to restrict open cross-collaboration within the NFT space, there have been technical decisions made which reflect a shortsighted pursuit of "first mover's advantage" in solving key problems.

This focus on being the first to solve a key problem has caused platforms to centralize certain aspects of the NFT ecosystem, making it easier to develop the technology internally and get to market, but sacrificing much of what makes the NFT space promising in the first place.

At Project panda, we build key infrastructure in a decentralized and open way to encourage collaboration, and a continuous decentralized legacy in the NFT space. To do this, our features enable open access to configurable smart contracts for ecosystem participants.

These configurable contracts immediately remove barriers. Specifically, key steps we are taking include global BEP-20 compatibility and the removal of NFT locking requirements within the smart contracts. As we continue to develop new technology, we look forward to bringing our philosophy of decentralization with us into the NFT space.