NFTX

NFTX Price

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 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. 

Where can you buy NFTX?

NFTX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade NFTX is Uniswap V2 (Ethereum), where the most active trading pair NFTX/WETH has a trading volume of $40.02 in the last 24 hours.

What is the daily trading volume of NFTX (NFTX)?

The trading volume of NFTX (NFTX) is $30.36 in the last 24 hours, representing a 113.10% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for NFTX (NFTX)?

NFTX (NFTX) reached an all-time high of $499.09 and an all-time low of $3.95. It’s now trading -98.30% below that peak and 115.80% above its lowest price.

What is the market cap of NFTX (NFTX)?

Market capitalization of NFTX (NFTX) is $5,538,594 and is ranked #1583 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of NFTX tokens (650 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of NFTX (NFTX)?

The fully diluted valuation (FDV) of NFTX (NFTX) is $5,538,594. This is a statistical representation of the maximum market cap, assuming the maximum number of 650 Thousand NFTX tokens are in circulation today. Depending on how the emission schedule of NFTX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of NFTX compare against its peers?

With a price decline of -15.30% in the last 7 days, NFTX (NFTX) is underperforming the global cryptocurrency market which is down -3.70%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are down -8.50%.

How to add NFTX (NFTX) to MetaMask?

Adding NFTX (NFTX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import NFTX as a token. You can copy NFTX’s contract address (0x87d73e916d7057945c9bcd8cdd94e42a6f47f776) and import it manually, or if you've installed MetaMask's chrome extension, add NFTX to MetaMask with one click on CoinGecko.

Add NFTX to MetaMask.