NFTX

  • DeFi
  • NFT
  • Marketplace
  • Project
  • Protocol

NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs).

Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.

Benefits include:

  • LP and stake minted vTokens to earn yield rewards

  • Better distribution and price discovery for NFT projects

  • Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap

  • Increased liquidity for NFT investors and speculators


Name

NFTX

Description

The liquidity protocol for NFTs

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