OpenSea is the most popular NFT marketplace currently, raking in billions in volume over the last month and benefiting extensively from the current NFT mania, seeing interest from both retail and institutional investors. However, it’s not without it’s problems and user interest is rising for a decentralized NFT marketplace, which can act as an alternative to OpenSea. Now, NFTX is stepping in to fill the gap. https://twitter.com/alexgausman/status/1437974375412559872 NFTX has been operational since the beginning of the year 2021 providing basic NFT liquidity through index funds mechanism. It’s defined aim is to “NFTX is a platform for creating liquid markets for illiquid Non-Fungible Tokens (NFTs)”. Recently, a V2 was launched also, which was the first step towards becoming an OpenSea alternative. It introduces significant improvements to liquidity, user interface, incentives for LPs, ability to verify collections and collection batching. https://cryptoticker.io/en/opensea-guide-how-to-buy-sell-nft/ NFTX v2 also introduced the flash loan ability, buying/selling NFTs at their floor prices and also allowing users to pick up a specific item from the collection (AutoGlyphs, CryptoPunk etc.) at a 5% premium above the floor. According to Alex Gausman - NFTX founder, it's a decentralized marketplace which focuses on provision of automatic liquidity. Soon ETH pricing, profiles and integrated homepage would be available and the protocol will start to take shape as an OpenSea alternative. NFTX Interface NFTX has redesigned it's landing page and it now displays the list of available NFT collections on the platform for trading, shaping NFTX into an OpenSea alternative decentralized NFT marketplace. It offers improvements over OpenSea by allowing users to trade multiple NFTs with a single transaction. The team is planning to turn NFTX "into the preferred decentralized NFT marketplace on Ethereum and beyond" as noted in the press release here. It would introduce multi-chain (EVM) support to integrate other blockchains, offer better ability to search, single side staking and a launch platform. About NFTX NFTX is a NFT management platform and index fund, backed by the underlying NFTs and ETH tokens in it’s treasury. It’s platform allows users to generate ERC-20 tokens and create funds, backed by governance selected significant arts/collectible individual pieces (D1 funds) e.g Bacio Kinkynose Crypto kitty. It offers 1-click exposure to the NFTs with minimal effort and plans to become an OpenSea alternative. It offers an abstraction of the otherwise intensive and arduous work that goes into researching, buying and managing NFTs. NFTX has the potential of becoming the next premier NFT project and a robust index fund. OpenSea Alternative NFTX© CryptotickerThe post OpenSea Decentralized Alternative – NFTX Announces NFT Marketplace appeared first on CryptoTicker.