NFTX

NFTX, established in 2020, is an innovative NFT marketplace that addresses the liquidity challenge faced by non-fungible tokens (NFTs). By leveraging their platform, users can transform illiquid NFTs into tradable assets. The process involves depositing an NFT into a secure vault and receiving an ERC-20 token called vToken in return. Each vToken represents ownership of a specific asset within the vault and can be utilized to redeem NFTs from the same vault. This groundbreaking approach not only enables collectors to generate higher returns on their non-fungible investments but also facilitates improved distribution and price discovery for NFT projects as a whole.