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.

#TokenTerminal #NFTX #crypto