NIFTEX brings NFTs to the masses. Tokenize any NFT collection or asset, and allow people to buy shares of it.
✅ Active community
✅ Active team
(working on decentralization)
What Is NIFTEX? 🤔
- An open, borderless market place for fractionized NFTs.
- Anyone can 'break' their NFT into fractions and sell to the public.
- Anyone can buy fractions listed on NIFTEX.
Why Trade NFT Fractions? 🤔
- Not everyone can afford a CryptoPunk.
- But everyone can buy a piece of this rare 1/24 Apes.
- This is a great way to bring fractional ownership of NFTs to masses.
How Does It Work? ⚙️
Just how Apple and Microsoft have shares anyone can buy...NIFTEX allows anyone to tokenize their NFTs and sell "shares" of them to the public.
- Bob wants to get some $$$ but not sell his Cryptopunk.
- Bob gives NIFTEX custody to his CryptoPunk.
- Bob decides how much % of shares to keep.
- The remaining shares open to public in a sale.
- "Shares" are represented by ethereum based tokens (i.e $APE-PUNK)
- Shares can be traded, sent from wallet to wallet, used in DeFi.
- Bugs, exploits in the smart contracts, are always possible.