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Many people see the NFT craze as a fad, but it's actually just a decentralized rendition of a decade-old trend that has captured billions of dollars in value.
Some thoughts on NFTs and why $NFTX will be a critical piece of infrastructure within the growing market...
Many people see the NFT craze as a fad, but it's actually just a decentralized rendition of a decade-old trend that has captured billions of dollars in value.
Some thoughts on NFTs and why $NFTX will be a critical piece of infrastructure within the growing market...
Digital assets having real-world value isn't really a new concept, and is actually the way I found out about Bitcoin many years ago while trading weapon skins for the popular FPS game CS:GO
In CS:GO, users can purchase skins that enhance the look of their weapons, varying in value and rarity.
The market is quite large, with many skins seeing high trading volume with values reaching into the tens of thousands.
The market is quite large, with many skins seeing high trading volume with values reaching into the tens of thousands.
There's tons of other games with collectibles markets worth millions (or in CS:GO's case, hundreds of millions), and they all center around providing users with:
- Liquid assets that might appreciate
- Digital "flexing" rights
- A fun way to collect, trade, and display the items
- Liquid assets that might appreciate
- Digital "flexing" rights
- A fun way to collect, trade, and display the items
Sound familiar?
The only difference is that, unlike in-game items, NFTs are all fully decentralized and include benefits including simple transference between users and tamper-proof provenance.
The only difference is that, unlike in-game items, NFTs are all fully decentralized and include benefits including simple transference between users and tamper-proof provenance.
Okay so here's how $NFTX plays into this...
In the past, NFTs struggled to gain sustained traction due to liquidity concerns. A boatload of junk NFTs diluted the market and made it difficult for users to identify signal from noise.
This made most NFTs only semi-liquid.
In the past, NFTs struggled to gain sustained traction due to liquidity concerns. A boatload of junk NFTs diluted the market and made it difficult for users to identify signal from noise.
This made most NFTs only semi-liquid.
$NFTX helps ease these liquidity concerns and incubate wider adoption by allowing users to create markets for specific assets and NFT asset classes.
It does so by allowing users to create, buy, and sell shares of funds that provide exposure to NFTs.
It does so by allowing users to create, buy, and sell shares of funds that provide exposure to NFTs.
For collectors, this allows for some instant access to liquidity for desirable collectibles.
For investors, this allows for easy access to liquid and tradable investment vehicles that track the growth of specific NFT markets.
For investors, this allows for easy access to liquid and tradable investment vehicles that track the growth of specific NFT markets.
The platform has backing from some massive players in the market (many of which have yet to formally announce their support) and it hasn't been listed on any notable exchanges yet (which I assume will change soon 
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One thing that will take $NFTX to the next level, imho, is a front-end refresh that makes it a bit more user friendly and inviting to use.
Additionally, the formation of more large and liquid funds will also onboard a larger user-base.
Additionally, the formation of more large and liquid funds will also onboard a larger user-base.
