Fungify NFT Index NFT
NFT
11.93
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 64,008
Total Supply
15,914
NFT
$
| # | Exchange | Pair | Price | Volume 24h |
|---|
Description
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.