NFTX Price (NFTX)

Unlisted

Where can I buy NFTX?

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). 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? 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. 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. 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. 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.

What is the live trading price of NFTX today?

The current trading price of NFTX stands at £12.9102633832250000, updated in real time. This price reflects aggregated data across multiple markets, ensuring an accurate representation of global supply and demand.

How much trading activity is happening for NFTX?

NFTX recorded a 24-hour trading volume of £--. This metric is important for evaluating liquidity conditions — higher volume generally indicates more active markets and smoother order execution.

What is today's price performance for NFTX?

In the last 24 hours, NFTX has seen a price movement of 0.80%. A positive trend suggests stronger buying interest, while a negative trend may reflect short-term selling pressure or broader market downturns.

What pricing range has NFTX traded in today?

Within the past day, NFTX fluctuated between £12.7903770140250000 and £12.9102633832250000, giving traders insight into intraday volatility and potential support/resistance levels.