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Description

NFTX serves as a platform designed to establish liquid markets for Non-Fungible Tokens (NFTs) that may otherwise lack liquidity. Users can place their NFTs into an NFTX vault and subsequently mint a fungible ERC20 token, known as a vToken, which grants them a claim on a randomly selected asset from within that vault. Additionally, vTokens can be redeemed for specific NFTs housed in a vault. The process of creating vaults is open to anyone and can accommodate any NFT asset on the Ethereum network. Once a vault is established, it becomes possible for users to deposit eligible NFTs in order to mint a fungible NFT-backed token, known as an "vToken", which represents a 1:1 claim on a random NFT contained in that vault. While the Mask vault permits the deposit of any Hashmask, other vaults may operate with an eligibility list that restricts deposits to a certain sub-category of NFTs. This flexibility enables a diverse array of NFTs to find liquidity through the NFTX platform, catering to both creators and collectors seeking to engage with the NFT market.

Description

THORChain functions as a decentralized liquidity protocol for cross-chain transactions, leveraging Tendermint and the Cosmos-SDK while employing Threshold Signature Schemes (TSS). Rather than pegging or wrapping assets, it effectively orchestrates their movement according to user interactions. The protocol monitors user deposits into its vaults, executes necessary business operations like swaps or liquidity adjustments, and manages outgoing transactions seamlessly. Acting as a decentralized vault manager, THORChain ensures that all processes are resilient to Byzantine faults. Its core mission is to maintain a decentralized structure and prevent any form of centralization or market manipulation while enhancing cross-chain liquidity. By securing only the assets held in its vaults, THORChain provides robust economic assurances regarding the safety of those assets, fostering user trust and participation in the ecosystem. In doing so, it aims to create a more interconnected and liquid blockchain environment.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Base App Yes 
Brokkr No 
Cactus Custody Yes 
DeepDAO Yes 
Defispot No 
Ethereum Yes 
Li.Finance No 
Liquality No 
MetaMask Yes 
Parsec Yes 
Rango Exchange No 
ShapeShift No 
SushiSwap No 
THORSwap No 
Thorstarter No 
Token Terminal No 
Viewblock No 
WalletConnect Yes 
XDEFI Wallet No 

Integrations

Base App No 
Brokkr Yes 
Cactus Custody No 
DeepDAO No 
Defispot Yes 
Ethereum No 
Li.Finance Yes 
Liquality Yes 
MetaMask No 
Parsec No 
Rango Exchange Yes 
ShapeShift Yes 
SushiSwap Yes 
THORSwap Yes 
Thorstarter Yes 
Token Terminal Yes 
Viewblock Yes 
WalletConnect No 
XDEFI Wallet Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

NFTX

Website

nftx.io

Vendor Details

Company Name

THORChain

Founded

2018

Country

Switzerland

Website

thorchain.org

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