8 Watchlists
NFT
PUNK Price
Contracts/Explorers:
Ethereum
Funds and Backers
No funds found yet
Wallets
No wallets found yet
Punk Vault (NFTX) is a NFT marketplace
NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs).
Users deposit their NFT into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can also be used to redeem a specific NFT from a vault.
Benefits include:
Vault Creation
Vaults can be created by anyone for any NFT asset on Ethereum. Once a vault has been created, any user can then deposit eligible NFTs into the vault to mint a fungible NFT-backed token referred to as an "vToken".
Minting vTokens
Anyone can deposit NFTs into an existing vault (or one they have created) in order to mint a fungible vToken that represents a 1:1 claim on a random NFT from within the vault.
Floor Prices
Users can then pool their minted vTokens in Automated Market Makers (AMMs) like Sushiswap to create a liquid market for other users to trade. With liquidity and trading volume established, the NFT-backed vToken enters into price discovery and a "floor price" is discovered.
The floor price denotes the lowest price for a particular NFT. Users establish a floor price by minting and selling vTokens in markets where they consider their NFT to be overvalued.
NFTX is helping to establish reliable floor price feeds for NFTs, enabling their wider application in decentralized finance on Ethereum.
Eligibilities
The Mask vault allows any Hashmask to be deposited, however other vaults use an eligibility list that only allows a specific sub-category of NFTs to be deposited. For example, the Kitty Gen 0 vault has an eligibility list that includes only Kitties whose metadata is Generation 0. Other Kitties can not be deposited into this vault.
Collectors
NFTs in their basic form do not earn yield. However, when they are used to mint vTokens they can tap into the world of decentralized finance. Put simply, collectors can use NFTX to unlock more value from their NFTs:
Content Creators
By launching on the NFTX protocol, content creators are able to earn protocol fees in perpetuity whilst also improving the reach and fairness of distribution:
Investors
Punk Vault (NFTX)'s current price is $ 114,314, it has dropped -0.37% over the past 24 hours.
Punk Vault (NFTX)'s All Time High (ATH) of $ 443,599 was reached on 2 Oct 2021, and is currently -74.2% down.
Taboo Token
$ 0.00173
Jetset
$ 0.000563
Omni Network
$ 25.36
Stacks
$ 2.54
Beam
$ 0.0274
GMT
$ 0.240
Nakamoto Games
$ 1.45