Founded in 2020, NFTX is a NFT marketplace that allows users to create liquid markets for otherwise illiquid NFTs. Users can deposit one of their NFTs into a vault and mint an ERC-20 token. This token (vToken) represents a claim on some asset in that vault and can then be used in turn to redeem NFTs from the vault. This allows collectors to earn a better yield on their non-fungible investments as well as better distribution and price discovery for NFT projects in general.
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