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NFTX (NFTX) is the 606th largest cryptocurrency in the world by market cap, valued at $17,485,374. The current price of NFTX is $26.9005758, which is 2.062% higher than yesterday. Prices have ranged between $28.13 and $24.06 over the past 24 hours. All prices are listed in US dollars and accurate as of February 04, 2023 04:02 UTC.
NFTX is a platform that allows users to create their own ERC-20 tokens backed by NFT (non-fungible token) collectables. According to its Litepaper, the aim is to build liquid markets for NFTs, powering the creation of NFT index funds.
A community-owned protocol, NFTX lets users create and trade funds based on collectables, such as CryptoKitties and Axies. After depositing an NFT into a vault, the user mints an ERC-20 token (vToken), which can then be traded. NFTX is the native asset of the protocol. An ERC-20 token on the Ethereum network, NFTX is a governance token.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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