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NFTX: Enhancing NFT Liquidity

Mason NystromDec 10, 2021 ⋅ 8 min read

Increasing NFT liquidity continues to be an important piece of core infrastructure. One of the longstanding players in NFT liquidity space is NFTX. While our recent report discusses NFTX amidst the various other NFT financialization protocols, let’s dive deeper into NFTX.

A Brief Introduction to NFTX

NFTX is a marketplace and liquidity protocol that facilitates buying and selling of NFTs.

Collectors can deposit whole NFTs into an NFTX vault and mint fungible tokens (vToken) that represent the value of the NFT. At any point, the collector can use their vTokens to purchase a random asset from within the vault. Alternatively, an individual can redeem a specific token from the same vault by paying an additional fee (termed target redemption).

NFTX’s design provides several key benefits to various stakeholders, the primary of which are earning yield on idle assets & instant liquidity.

Non Fungible Yield

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Mason Nystrom

96 Reportsmasonnystrom

Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.

Mentioned Assets
Outline
  • A Brief Introduction to NFTX
  • NFTX Network Growth
  • The Floor Problem
  • NFTX DAO
  • Final Thoughts on NFTX
Author
Mason Nystrom
Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.
96 Reportsmasonnystrom
Mentioned Assets