Fundamentals What is NFTX and how does it work? | Full interview with Quag from NFTX | Token Terminal
The extended version of our 15-minute fundamentals interview with Quag from NFTX. In this interview, we break down NFTX's operating model and learn about the drivers behind the data you see on Token Terminal's charts. We discuss NFT liquidity, different staking options, the current fee model, creator royalties, launching on Arbitrum, Pudgy Penguins, the NFTX token, etc. Tune in for the latest on NFTX and the plans for its future.
A novel use case not mentioned in the interview but worth noting is that NFTX provides users the ability to DCA or “save up” for an NFT and earn interest while doing it by staking the vault token. We'll speak about this in more detail with Quag in a future episode.
NFTX's Dashboard: https://tokenterminal.com/terminal/projects/nftx
NFTX: https://nftx.io/
Twitter: https://twitter.com/NFTX_
Quag's Twitter: https://twitter.com/quagliero
Make sure to leave a comment if you have any questions 🙌
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Timestamps:
00:00 What is NFTX?
00:38 How does NFTX work?
01:45 The innovations introduced by NFTX
05:12 How are NFT floor prices determined?
07:11 NFTX vs. Sudoswap
09:26 Integration with 0x
12:28 Current fee model on NFTX
18:02 NFTX on Arbitrum
19:20 Drivers and challenges related to growth
20:53 Community contribution to protocol development
22:47 Creator royalties
27:56 What's next for NFTX?
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