> For the complete documentation index, see [llms.txt](https://docs.hunt.town/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hunt.town/factory-nft/overview.md).

# Overview

**The Factory NFT is the one asset that product revenue backs.** You lock HUNT to mint one. Product revenue and marketplace royalties add more HUNT to the vault, which raises the NAV of every NFT at once. Burn any time to take 95% of your NFT's NAV back in HUNT.

<figure><img src="https://2486355854-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4NxrAAvYUdbFb8acggEf%2Fuploads%2Fgit-blob-399eff154b1bbc79a90ddbe982a3d1d1a033df04%2Fsite-factory-hero.jpg?alt=media" alt="The Factory NFT page on hunt.town"><figcaption><p>The Factory NFT on hunt.town</p></figcaption></figure>

## At a glance

|                         |                                                                                                                                                                                                                              |
| ----------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Network**             | Ethereum mainnet                                                                                                                                                                                                             |
| **Standard**            | ERC-1155, token id `0`                                                                                                                                                                                                       |
| **Supply**              | Unlimited. Minted at NAV, burned for 95% of NAV                                                                                                                                                                              |
| **NAV per NFT**         | The vault's HUNT divided by the number of NFTs. 1,000 HUNT at launch                                                                                                                                                         |
| **Pay with**            | HUNT, or ETH, USDC, USDT or DAI swapped to HUNT in the same transaction                                                                                                                                                      |
| **Backed by**           | HUNT, held by the Factory NFT contract itself                                                                                                                                                                                |
| **Minimum supply**      | One. The last NFT cannot be burned                                                                                                                                                                                           |
| **Burn fee**            | 5%, stays in the vault                                                                                                                                                                                                       |
| **Marketplace royalty** | 3% (ERC-2981), paid by marketplaces that honor it                                                                                                                                                                            |
| **Upgradeable**         | No                                                                                                                                                                                                                           |
| **Contract**            | `0x961eA6C51c185958b1A11ad8335046988D1B5734` · [Etherscan](https://etherscan.io/token/0x961eA6C51c185958b1A11ad8335046988D1B5734) · [OpenSea](https://opensea.io/item/ethereum/0x961eA6C51c185958b1A11ad8335046988D1B5734/0) |

## How it works

1. **Mint at NAV.** Anyone can mint by locking the current NAV per NFT in HUNT.
2. **The vault grows.** Product revenue, marketplace royalties and other income add HUNT to the contract, with no schedule or set amount. Any HUNT added outside a mint raises the NAV per NFT for every holder at once. There is nothing to claim and no holding period.
3. **Burn for HUNT.** Burning an NFT redeems 95% of its NAV in HUNT. The other 5% stays in the vault, which raises the NAV for everyone still holding.

Details: [Mint & Burn](/factory-nft/mint-and-burn.md) · [The NAV Vault](/factory-nft/nav-vault.md).

<figure><img src="https://2486355854-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F4NxrAAvYUdbFb8acggEf%2Fuploads%2Fgit-blob-685289aee7fff9a651dd0fbf32f5778becfd1b56%2Fsite-home-factory.jpg?alt=media" alt="The Factory NFT on the hunt.town home page"><figcaption><p>The Factory NFT on the hunt.town home page</p></figcaption></figure>

## What the owner cannot do

The owner cannot withdraw the vault's HUNT, mint NFTs without HUNT behind them, or upgrade the contract. See [Safeguards](/factory-nft/nav-vault.md#safeguards).

## Counted in HUNT

What you lock, the NAV and what a burn gives back are all counted in HUNT, and the dollar value follows the HUNT price, which can fall. Because of the 5% burn fee, a burn can give back less HUNT than you locked. No return is promised. See [What you get back in HUNT](/factory-nft/mint-and-burn.md#what-you-get-back-in-hunt) and [Terms](/terms.md).

## Where to use it

Mint, burn and live figures: [hunt.town/factory](https://hunt.town/factory).