🌟A New Frontier Awaits!🌟
You've found a project where contributions are yet to be made. Your insights can lead the way!
nft
NFT | Fungify NFT Index Crypto Research
Private Research
The $NFT Protocol facilitates a permissionless, exchange-traded fund (ETF) mechanism for non-fungible tokens (NFTs). It operates through a vault system where NFTs are deposited and a corresponding $NFT token is minted, representing the value of the NFTs within the vault. The $NFT token can be traded in the open market, and its value is pegged to the collective floor prices of the NFTs in the vault.
