NIFTEX
🧩

NIFTEX

NIFTEX brings NFTs to the masses. Tokenize any NFT collection or asset, and allow people to buy shares of it.

Quality Check:

✅ Audited

✅ Active community

✅ Active team

🛑 Decentralized, DAO

(working on decentralization)

Community Links:

👉 NIFTEX website

👉 NIFTEX twitter

👉 NIFTEX founder

👉 NIFTEX docs

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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.

  1. Bob wants to get some $$$ but not sell his Cryptopunk.
  2. Bob gives NIFTEX custody to his CryptoPunk.
  3. Bob decides how much % of shares to keep.
  4. The remaining shares open to public in a sale.
  5. "Shares" are represented by ethereum based tokens (i.e $APE-PUNK)
  6. Shares can be traded, sent from wallet to wallet, used in DeFi.

Risks?

  • Bugs, exploits in the smart contracts, are always possible.