NFTX

NFTX is a platform and protocol for creating ERC-20 tokens based on NFT collections. When users attach NFTs to the vault, an ERC20 (vToken) is created that users can interact with. Users can create and sell tokens, track in-demand NFTs from other marketplaces. The platform opened in January 2021.

Work with the platform takes place in several stages. First, the user needs to bind a web3 wallet and create a repository. In the vault, any user will be able to put NFT on the Ethereum blockchain to create a vToken. Minting NFTs into NFTX allows you to create an non-fungible token from a non-fungible one, which allows you to immediately sell it on AMM, add it to liquidity pools and earn a percentage of the fees and do staking.

By creating a token from NFT, the user can set its minimum value, allowing it to be sold in a short period of time. Any unrestricted NFT on Ethereum can be added to the vault. This is an article from platform cryptodefix.c​om. NFTX is community driven, internal token holders can vote on the future of the project.

NFTX specifics

• Creating ERC20 tokens from NFT
• Selling created tokens on cryptocurrency exchanges (SushiSwap)
• Earnings by staking and borrowing vTokens
• Increase of NFT liquidity
• Buying NFTs