NFTX Platform (NFTX Token) Review

2 years ago
2

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:
1) LP and stake minted vTokens to earn yield rewards
2) Better distribution and price discovery for NFT projects
3) Instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap
4) Increased liquidity for NFT investors and speculators

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