"NFTX"

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NFTX is a platform on Ethereum for the fractionalization of NFTs. It creates corresponding vaults by locking up NFT assets of the same category and issues ERC-20 tokens. Simultaneously, it employs Automated Market Maker (AMM) trading of ERC-20 tokens to provide liquidity for NFT assets. The realm in which it operates is still in the very nascent stages of development. The underlying NFT assets have a high degree of uncertainty and their valuations are challenging to ascertain. Presently, NFTX’s platform has moderate activity with limited participants, and most of the assets are concentrated in CryptoPunks.

Earn passive income with NFTs through methods like royalties, staking, farming, rental, and the best platforms to do so, such as Gate NFT, reNFT, NFTX, and others.

Fractional NFTs are based on the premise of making fungible something non fungible. By fractionating an NFT, it is possible to create a shared ownership.

An NFT aggregator is an application that integrates order information from multiple NFT distribution platforms. It was created to solve the problem that order information from multiple marketplaces could not be shared with each other. With the arrival of Web3, aggregator applications have emerged in different fields like mining, DeFi, and NFT. Aggregators not only help users to explore more in the market and gain more value, but they are also becoming an integral part of the crypto ecosystem.

ERC-404 is an experimental token standard that has not been formally reviewed. Based on this standard, Pandora token innovatively combines ERC-20 tokens and NFT, aiming to explore new ways of asset trading. Although there is a certain degree of innovation, However, it does not solve the liquidity problem of the NFT market, and its security and long-term impact remain to be seen.

The article discusses the interactive and developmental potential of the 404 Token in the NFT market.

Pandora is merely the debut project of ERC404 and cannot capture actual value from ERC404's potential future developments and widespread applications, with its future development depending more on the continuous operation of subsequent project parties.

This article provides a detailed introduction to the basic situation of Covalent Network, the tokenomics, market and competitors, and valuation.

When NFT is used to obtain more liquid assets, we call this NFTFi. By combining DeFi and NFT, we can apply NFT to more scenarios, endowing it with the potential to develop practical applications.