Jaypeggers is a service designed to help NFT collectors save money. Harvesting your losses should not break the bank, and it should certainly not cost you more than your potential savings. We are dedicated to keeping our harvesting fees low to ensure the best outcomes for our users.
While building Jaypeggers we realized that there was potential to deliver more than just savings to the NFT community. As noted in Vault, the vault that backs JAY increases as a function of platform transaction volume. This enables users to tap into Jaypeggers' growth model simply by holding JAY. Additionally, the Arbitrage Marketplace offers the opportunity to purchase NFTs for below their market value, flip them on other marketplaces, and secure profits. We've also introduced Liquidity as yet another way for users to find value with Jaypeggers.
Navigating blockchain platforms can require a certain level of base knowledge and an awareness of safety precautions. This makes Web3 intimidating for many new users. Using Jaypeggers should not be an overwhelming experience, so we have designed our UI/UX to be easy to follow. Filters make searching for NFTs simple and APIs are utilized to present collection stats and trading history from other marketplaces for optimal NFT arbitrage hunting.
Insights into who we are, what inspired Jaypeggers, and the values that we stand for.
Since the boom in the NFT market began, there have been countless examples of massive gains as well as massive losses. The market quickly turned into a casino for collectors and traders to gamble on minting the next hit NFT. Volatility in collection prices, lack of demand, and countless scams and influencer pump and dumps created cause for concern in regards to liquidity.
We learned that liquidity can dry up extremely quick in NFT collections, leaving holders unable to sell. Even with the recent introduction of NFT liquidity pools, exit liquidity can be impossible to come by in many collections. Oftentimes, a total lack of demand creates the inability to realize a loss, even when listing the NFT at an extremely low price.
Jaypeggers is on a mission to help NFT collectors realize their NFT losses through harvesting and ultimately decrease their tax liabilities.