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NFTX is returning with a new v4 whitepaper and a mainnet launch on the horizon, the protocol announced on X, its plan being to rebuild its fungible NFT liquidity model on
Uniswap V4.
What's the Scoop?
- The big idea: NFTX v4 will let any item in an NFT collection, not just floor pieces, get deposited into a pool in exchange for a freshly minted fungible floor token, with the rest of the item's value realized once a buyer fills the listing at the seller's self-assessed price.
- New mechanics: The relaunch introduces "Trade-Ups," where holders combine floor tokens to claim rarer listed items, plus permissionless re-listing that lets arbitrageurs reprice mispriced pool items without ever buying the underlying NFT.
- LP upgrades: Protocol fees route directly into Uniswap V4 pools via the
donate()function, giving liquidity providers a yield source beyond standard swap fees, with no separate staking step required. - Community reaction:
CryptoPunks trading maestro Punks OTC called it "maybe the first useful idea anyone has ever had in the
NFTfi space," hailing the floor-token-as-bidding-unit mechanic as promising.