1/ Liquid tokens have thousands of buyers and sellers, but NFT transactions requires a single buyer/seller––pointing to lower liquidity.
To solve this issue, projects focused on the financialization of NFTs are attempting to make NFTs as fungible (and liquid) as possible.
To solve this issue, projects focused on the financialization of NFTs are attempting to make NFTs as fungible (and liquid) as possible.
2/ The top four NFT liquidity protocols - @NFTX_, @NiftyMuseum, @uniclyNFT, and @fractional_art hold nearly $80M in combined TVL.
Unicly currently possesses the greatest market share with 43% of the total value locked.
NFTX leads NFT20 among liquidity pool protocols.
Unicly currently possesses the greatest market share with 43% of the total value locked.
NFTX leads NFT20 among liquidity pool protocols.
3/ While both protocols have been live for over a year, @NFTX_'s V2 upgrade has already shown to be quite successful in accruing NFTs.
Conversely, @NiftyMuseum possesses more NFTs in its liquidity pools, however, these NFTs on average tend to be less valuable.
Conversely, @NiftyMuseum possesses more NFTs in its liquidity pools, however, these NFTs on average tend to be less valuable.
4/ Get the full breakdown of the financialization of NFTs in the full article from @eshita and @masonnystrom messari.io/article/the-fi…
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