Deposit
A depositor locks an eligible ERC-721 together with ETH backing. That backing funds the standing bid and determines the position’s selection weight.
Positions & weighting ↗FAKE WORLD ASSETS™ · ETHEREUM
NFTs, backed by ETH,
acquired at random.
Fake World Assets is an onchain protocol where depositors pair NFTs with committed ETH backing. Purchasers pay a pool-derived price and receive one weighted-random position.
Verified against the official protocol overview and Terms of Service.
ONCHAIN PROTOCOL✦ETH-BACKED POSITIONS✦CHAINLINK VRF✦KEEP THE NFT OR ACCEPT THE BID✦
✦✦✦✦
01 · THE LOOP
How it works.
Four parts. One fully onchain flow.
Acquire
A purchaser pays the pool-derived acquisition price plus the quoted VRF service fee. The acquisition payment remains escrowed until the request resolves.
Pricing & allocation ↗
Allocate
Chainlink VRF supplies the randomness. Requests settle in the order they were created, and later deposits cannot reshape an earlier request’s selection pool.
How it works ↗
Resolve
The purchaser can keep the NFT, relist it with fresh backing, or accept the depositor’s pre-funded standing bid. The NFT and the bid settlement cannot both be kept.
Settlement ↗02 · THE WEIGHT
Less backing.
More weight.
Selection weight is inversely proportional to committed ETH backing. Low-backed positions are selected more often; high-backed positions are rarer.
POSITION WEIGHT=CONSTANT ÷ BACKING
The official technical definition is weight = 1e36 / backing. The visual calculator is illustrative and does not show live pool odds.
Illustrative position
NOT LIVE ODDS
0.10ETH backing
Relative selection weight
10.0%
Read the weighting docs
03 · THE CHOICE
NFT or bid.
After allocation, the purchaser chooses how the position settles.
Keep the NFT
The NFT is delivered to the purchaser. The depositor receives the committed backing back, minus the configured protocol settlement cut.
Accept the bid
The NFT returns to the original depositor. The purchaser receives most of the backing — 85% under the currently documented default — in ETH or, when available, as $FWA.
Settlement parameters can change. Confirm the current onchain configuration before interacting. Sources: Settlement and Parameters.
04 · THE MARKET
Three roles.
Depositors
Pair NFTs with ETH backing, provide positions to the pool and earn an equal share of acquisition fees per active position, plus eligible rewards.
Purchasers
Pay the acquisition price to receive a weighted-random position, then choose the NFT or the depositor’s standing bid.
Protocol
Coordinates the pool, ordered random allocation and settlement while collecting bounded, configured fee cuts.
05 · $FWA
The reward layer.
$FWA is a fixed-supply incentive token designed to reward early participation on both sides of the market and support a longer-term protocol buyback loop.
- 50% seeds the FWA/ETH market.
- 30% funds 15 days of depositor and purchaser emissions.
- 20% funds the v1 snapshot claim.
The allocation is deployment-specific and documented as fixed. Ordinary wallet-to-wallet transfers are restricted; consult the official token documentation before interacting.
Explore $FWA06 · READ-ONLY ETHEREUM
Live from mainnet.
This static IPFS site can read public Ethereum data directly in your browser. No wallet connection, server or API key is required.
Connecting to Ethereum…
Latest block
—
FWA core code
Checking…
$FWA token code
Checking…
Last read
—
Public RPC endpoints are used only for read-only JSON-RPC calls. If they are unavailable, the rest of the guide remains fully functional.
Deployment addresses are sourced from the official FWA deployment documentation.
07 · READ BEFORE INTERACTING
Experimental by design.
FWA uses experimental, non-custodial smart contracts and third-party infrastructure. Smart-contract vulnerabilities, oracle failure, market volatility, malicious assets, network issues and regulatory uncertainty can cause loss or unexpected outcomes.
FWA does not assess the value, rarity, authenticity or floor price of an NFT. ETH backing expresses a depositor’s committed standing bid; it is not an independent valuation of the NFT.
Blockchain transactions are final and irreversible. Review the official documentation, deployed contracts and current parameters before taking any action.
PRIMARY SOURCES
Verify everything.
Every protocol statement on this page is linked back to official FWA documentation. The public smart contracts remain the ultimate technical source of truth.