[AddToken] NFT on MAINNET

[fungify]

Network

MAINNET

Token Symbol

NFT

Token Name

Fungify NFT Index

Decimals

18

Address

0x4268a135840e5273e9dcb3dc78303767d3964f43

Image URL

https://assets.fungify.it/nft-logo.png

Reason

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, as determined by an external oracle.

Fungify has a proven track record of success. The first product, a lending protocol, has been live for over seven months and has generated more than $20 million in loan volume, demonstrating strong market demand and user engagement. The second product, The Index, is positioned to capitalize on this success, with the DEX pool already seeded with $300,000 in liquidity.

More information in the docs on docs.fungify.it.

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You can follow the progress in the Pull Request #494