🤔Limitations

Dynamic asset conversion

Loss of Ownership:

Once an NFT is converted into tokens, users relinquish ownership of the original NFT ID, as it becomes part of the pooled assets held by the Joint404 vault. When a user converts their tokens back to an NFT, they may get back the same or different ID as the one they originally deposited.

Example:

Let's consider a scenario where user 'A' wraps their rare NFT for tokens using the Joint404 contract. Another user 'B' might be able to withdraw the rare NFT ID wrapped by user 'A' and could choose to keep it or burn it or otherwise prevent user 'A' from ever having a chance to own their rare NFT ID again. User 'A' would still be able to wrap their tokens for a different NFT ID, the exact ID depending on the shuffle method implemented and which IDs are held in the pool at the time of the transaction.