NFTX – A liquidity protocol for NFTs

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In this interview with Quag, 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:

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?

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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