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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
API Access
Has API
Integrations
Binance
Cactus Custody
DeepDAO
Li.Finance
Liquality
MetaMask
Portis
Rango Exchange
SKIP Exchange
ShapeShift
Integrations
Binance
Cactus Custody
DeepDAO
Li.Finance
Liquality
MetaMask
Portis
Rango Exchange
SKIP Exchange
ShapeShift
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
NFTX
Website
nftx.io
Vendor Details
Company Name
THORChain
Founded
2018
Country
Switzerland
Website
thorchain.org