LONDON Vault (NFTX)

1. Summary

Ranks

Liquidity

-

Developer

-

Social

79

Momentum (beta)

0

Stack Rank™

-

Price

$8.36 0.0%

Market Cap

$0.00 (#12188)

Supply

/

Tags

NFT Fractionalized NFT

More Metrics

Price
52W High price	$834.43
52W High date	17th Sep 2021 (3 years ago)
All Time High (ATH) Date	20th Dec 2024 (5 months ago)
All Time Low (ATL) Date	20th Dec 2024 (5 months ago)

Supply & Trading Volume
Trading Volume (24h)	$16.00

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Description

NFTX is a platform that enables users to create liquidity for non-fungible tokens (NFTs). By depositing NFTs into a vault, users can mint a fungible ERC20 token called a vToken. This vToken represents a claim on any selected asset in the vault and can be used to redeem a specific NFT from the vault.

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NFTX is a platform that enables users to create liquidity for non-fungible tokens (NFTs). By depositing NFTs into a vault, users can mint a fungible ERC20 token called a vToken. This vToken represents a claim on any selected asset in the vault and can be used to redeem a specific NFT from the vault.

Key Features

• vToken Creation: Deposit NFTs into a vault to create ERC20 tokens that represent a claim on those assets.
• NFT Vaults: Anyone can set up a vault on Ethereum for any NFT asset to issue vTokens.
• Decentralized Governance: NFTX is developed by a decentralized autonomous organization (DAO).

Benefits

• Liquidity Provision: Enables users to earn protocol fees, earn trading fees as a liquidity provider, and farm with stablecoins using vTokens as collateral.
• Access to DeFi: NFTs can be used to access decentralized finance (DeFi) functionality.

Target Audience

• Investors: Can benefit from purchasing or selling floor-priced NFTs without waiting for a taker in the secondary market.
• Arbitrageurs: Can profit from price differences between vTokens and floor prices of their underlying NFTs on secondary markets.
• NFT Liquidity Providers: Can earn fees by delivering liquidity to NFT vaults.

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