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Rank #749
NFTX Price (NFTX)
NFTX (NFTX)
$41.56 3.5%
0.00173321 BTC 4.0%
0.02192834 ETH 3.6%
10,032 people like this
$35.10
24H Range
$41.59
Market Cap $17,192,253
24 Hour Trading Vol $138,847
Fully Diluted Valuation $26,607,059
Total Value Locked (TVL) $28,815,416
Fully Diluted Valuation / TVL Ratio 0.92
Market Cap / TVL Ratio 0.6
Circulating Supply 420,000
Total Supply 650,000
Max Supply 650,000
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NFTX Price Chart (NFTX/USD)

Last updated 12:53AM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
0.6%
3.5%
32.1%
39.9%
7.3%
-72.0%

Convert NFTX to USD

NFTX
USD
USD

1 NFTX = $41.56

NFTX Price Statistics

NFTX Price Today
NFTX Price $41.53
24h Low / 24h High $35.10 / $41.59
7d Low / 7d High $29.55 / $45.05
Trading Volume $138,747
Market Cap Rank #749
Market Cap $17,192,253
Market Cap Dominance 0.001%
Volume / Market Cap 0.0095
All-Time High $499.09 -91.7%
Feb 16, 2021 (over 1 year)
All-Time Low $16.37 153.7%
Jan 05, 2021 (over 1 year)

NFTX Price Today

NFTX price today is $41.56 with a 24-hour trading volume of $138,847. NFTX price is up 3.5% in the last 24 hours. It has a circulating supply of 420 Thousand NFTX coins and a total supply of 650 Thousand. If you are looking to buy or sell NFTX, Gate.io is currently the most active exchange.

What was the highest price for NFTX?

NFTX hit an all time high of $499.09 on Feb 16, 2021 (over 1 year).

What was the lowest price for NFTX?

NFTX had an all time low of $16.37 on Jan 05, 2021 (over 1 year).

What was the 24 hour trading volume of NFTX?

The 24 hour trading volume of NFTX is $138,847.

Where can NFTX be traded?

You can trade NFTX on Gate.io, AEX, and Gate.io. Popular trading pairs for NFTX in the market includes NFTX/USD, NFTX/CAD, NFTX/EUR, NFTX/PHP, NFTX/INR, and NFTX/IDR.

Where can I buy NFTX?

You may buy NFTX from exchanges such as Uniswap, Gate, Hotbit, and Sushiswap. You can find NFTX trading on various other centralized and decentralized cryptocurrency exchanges

What is NFTX?

nftx index nft

NFTX is a Non-Fungible Token (NFT) index funds protocol built on top of Ethereum. 

There are two types of funds on NFTX - D1 and D2 funds.

Every D1 fund token has a 1:1 backing against an NFT. For example, if a user owns 2 PUNK-ZOMBIE, that means the user can redeem exactly two random zombie CryptoPunks at any moment.

Every D2 fund token is a Balancer pool's Liquidity Provider (LP) token that has exposure to several D1 funds’ token. PUNK is a D2 fund that combines five different D1 Punk funds (PUNK-ZOMBIE, PUNK-FEMALE, PUNK-BASIC, PUNK-ATTR-4, and PUNK-ATTR-5). 

One of the biggest problems in the NFT space is price discovery due to rampant wash-trading and illiquidity between sales. Having real-time price feeds from popular funds may solve both of these issues. 

For example, let’s assume that PUNK-ATTR-4 (Cryptopunk with four attributes) is 150% more expensive than PUNK-BASIC, and the PUNK-ZOMBIE is currently trading at 60 ETH. With this information, users can determine that a zombie CryptoPunk with four attributes should have an approximate price of 150% of 60 ETH, or roughly equal to 90 ETH. We expect more liquidity to flow into NFT markets as more NFT index funds launch.

Other features that the NFTX team expects to release in the future include NFT loans and randomized gift cards. There are currently no fees charged on NFTX. 

Who are the target users of NFTX?

NFTX does not aim to serve the hardcore NFT collectors, as these collectors enjoy browsing and trading individual NFTs. Instead, NFTX seeks to serve investors that want exposure to the NFT market. Investing in an index allows investors that do not have time or expertise on NFTs to benefit from the rise in NFTs’ valuation.

With only the D1 funds to bootstrap Asset Under Management (AUM), a more diverse D2 fund is expected to be created to have a more diversified exposure to the NFT market. NFTX aims to be the go-to place for NFT investments. Users will arrive at the homepage and will be able to view metrics for top-level funds backed by NFT blue-chips such as CryptoPunks, Axies, CryptoKitties, Avastars, and Hashmasks

How to become the NFTX’s funds Liquidity Provider?

Using Hashmasks Index Fund (MASK) as an example, users can supply one or multiple Hashmasks as collateral, which gives back index fund tokens called MASK. MASK tracks the ETH-floor price of all Hashmasks in the index fund.

The Hashmasks basic pool is set up to accept any Hashmasks and does not consider specific attributes of the NFT. Because of this, this index fund will organically become a fund that attracts the least valuable Hashmasks, often referred to as floor Hashmasks.

Redeeming collateral from an index pool will give users back random Hashmasks from the same index fund - there is no guarantee that users can get back the original deposited Hashmasks. 

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