https://i.imgur.com/lsALH71.png

This partnership will enable users to deposit NFTs and convert them into FT tokens and seed liquidity into AMMs directly by connecting mobile wallets with Frontier DeFi Interface.

Evolving NFT Culture
2020 has been a year for NFT and DeFi. With NFT space having a market cap of 250M USD, it has seen an x3 increase in the transaction on the ethereum network with 218,599 active wallets interacting with NFT standard tokens.
And NFT CryptoArt are exploding everywhere.
Famous celebs and public figures such as Mark Cuban, Gary Vaynerchuk, and Mike Novogratz are actively talking about NFTs and how it is going to shape the future for digital goods, tokenising real world assets etc.
Liquidity Dilemma
When an artist or creator issues an NFT, it is a special type of cryptographic token which represents something unique. These NFTs are based on ERC-721 Protocol and ERC- 1155.
For Artist/Creator/Collector to successfully sell their digital artwork or collectables it goes through a series of auctions where users bids and the highest bidder gets the NFT. While auctions provide a great mechanism of discovering price, they are not as efficient as traditional open order book based bids/asks mechanism price discovery. The inherent constraint in having an open order book of bids/asks for an NFT is in the very nature of an NFT being non-fungible.