NFTX is a decentralized protocol built for fluid NFT trading, enabling holders to deposit NFTs into vaults and receive fungible tokens in return, which can then be traded on decentralized exchanges for improved liquidity. This mechanism lets NFT owners and traders access instant liquidity and price discovery for NFT collections that would otherwise be difficult to trade due to their non-fungible nature. NFTX currently operates version 2 of its protocol (accessible at v2.nftx.io), and has announced that a new version, NFTX v4, is coming, continuing its focus on improving NFT market fluidity.
