NFT MarketPlace Loan

ERC-721 Contract Structure

• Fixed amount of mintable NFT is present
• Fixed minting fee required to mint an NFT
• _beforeTokenTransfer hooks are used to update floor price. Floor price won't change if amount = 0. TRY THIS ⭐️

NFT MarketPlace Structure

• Could list on marketplace (Only Owner)
• Change the list price (Only Owner)
• Remove from the marketplace (Only Owner)

NFT

• Could list the NFT for loan. With the loan amount needed. And the duration.
• Loan terms can be negotiated
• Loan terms 🖊: Duration, Total amount.
• The seller would transfer the funds to the contract and customer can withdraw the amount and the timer would start after borrowing.
• Before the transfer of funds NFT marketplace would take ownership of the NFT
• If borrower pays on time, NFT is returned to the customer, lender can withdraw the amount
• If borrower fails to pay back in time, ownership of NFT is transfered to the lender

Optimisation idea: If first m loans are paid start checkUpKeep from m.