Fundamentals 15-minute fundamentals with NFTX | Token Terminal
In 15-minute fundamentals, we interview core protocol contributors & together dive into the details behind the charts available on Token Terminal. In this episode, we dive into the current state of NFTX with Quag.
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.
You can tune in to the extended version of this interview with Quag here: https://youtu.be/Rj1V2AKr91Y
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
03:12 How are NFT floor prices determined?
04:40 NFTX vs. Sudoswap
06:05 Integration with 0x
07:52 Current fee model on NFTX
10:10 Drivers and challenges related to growth
11:30 Community contribution to protocol development
12:21 Creator royalties
15:16 What's next for NFTX?
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The information provided in this episode does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of our website's content as such. Token Terminal does not recommend that any cryptocurrency or token should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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