Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 1 Rating

Total
ease
features
design
support

Alternatives to Consider

  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Coinbase Reviews & Ratings
    10 Ratings
    Company Website
  • ManageEngine Endpoint Central Reviews & Ratings
    2,457 Ratings
    Company Website
  • ND Wallet Reviews & Ratings
    2 Ratings
    Company Website
  • EBizCharge Reviews & Ratings
    195 Ratings
    Company Website
  • Gemini Credit Card Reviews & Ratings
    2 Ratings
    Company Website
  • Figure Markets Reviews & Ratings
    89 Ratings
    Company Website
  • Imorgon Reviews & Ratings
    5 Ratings
    Company Website
  • PDFCreator Reviews & Ratings
    531 Ratings
    Company Website
  • CoinStats Reviews & Ratings
    101,199 Ratings
    Company Website

What is NFTX?

NFTX is a platform aimed at creating liquid markets for Non-Fungible Tokens (NFTs) that might otherwise struggle to find buyers. By depositing their NFTs into an NFTX vault, users can mint a fungible ERC20 token, referred to as a vToken, which provides them with a claim on a randomly chosen asset from the vault's contents. Furthermore, vTokens can be exchanged for specific NFTs stored in the vault, enhancing their utility. The ability to create vaults is accessible to anyone and can include any NFT asset on the Ethereum blockchain. Once a vault is created, users can deposit eligible NFTs to mint a fungible token, or vToken, that represents a 1:1 claim on a randomly selected NFT from that vault. While some vaults, like the Mask vault, accept any Hashmask, others may implement eligibility restrictions, allowing only certain sub-categories of NFTs for deposit. This system offers a versatile approach for a wide range of NFTs to gain liquidity on the NFTX platform, attracting both creators and collectors eager to participate in the evolving NFT marketplace. As a result, NFTX not only facilitates transactions but also encourages collaboration among NFT enthusiasts.

What is Magnetic?

Magnetic serves as a comprehensive decentralized exchange (DEX) built on the XRP Ledger (XRPL), aimed at delivering a seamless environment for users to engage in various decentralized finance (DeFi) activities. Users can trade tokens, participate in automated market maker (AMM) pools, and earn rewards through farming options. Furthermore, the platform supports the buying and selling of non-fungible tokens (NFTs) and features a "Memepad" for launching and interacting with memecoins. Magnetic enhances user experience by providing traditional trading tools, an easy-to-use swap function, and engaging elements like a dice game and a token bridge. By offering a wide array of services, Magnetic seeks to cater to the varied needs of users within the XRPL ecosystem, thereby fostering increased accessibility and involvement in the DeFi sector. The platform's focus on innovation and user satisfaction establishes it as an invaluable resource for both beginners and seasoned users, ensuring a dynamic and inclusive environment for all participants. With its continuous efforts to evolve and adapt, Magnetic aims to stay at the forefront of the DeFi landscape.

Media

Media

Integrations Supported

MetaMask
Base App
Cactus Custody
Crossmark
DeepDAO
Ethereum
GemWallet
Parsec
Portis
WalletConnect
XRP Ledger (XRPL)
Xaman

Integrations Supported

MetaMask
Base App
Cactus Custody
Crossmark
DeepDAO
Ethereum
GemWallet
Parsec
Portis
WalletConnect
XRP Ledger (XRPL)
Xaman

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Free
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

NFTX

Company Website

nftx.io

Company Facts

Organization Name

Magnetic X

Date Founded

2022

Company Website

xmagnetic.org

Popular Alternatives

Popular Alternatives

Sologenic DEX Reviews & Ratings

Sologenic DEX

Sologenic
EverBridge Reviews & Ratings

EverBridge

EverRise