[NFTs] How to use the NFTx pool

Links to use: Buy, sell

What is a NFT pool?

Just like a liquidity pool, an NFT pool is place where you can shop and sell your NFTs while earning yields. You can also use the Swap feature to swap your NFTs with others that are available in the market place.

What is the point of this?

NFT pools allow users to connect their wallets and exchange, sell, and buy their NFTs. Some pools also offer auction services, minting, and the ability to redeem. The pool hosts information about a collection’s average buying price, activity, items, and even their respective contracts.

Once an NFT has been deposited to the pool, it represents an asset held within the treasury of the protocol. In exchange, the provider gets specific tokens which can be used for the redemption of the specific asset.

How do I interact with the the pool?

Interacting with NFTx pool has a common procedure before it diverges for specific objectives:

First, Open NFTx platform (click here)

Notice the connect wallet button on the top right of the website. You have to click it in order to move forward or you can simply explore the website.

Currently, the NFTx pool works on Ethereum alone. Please connect your desired wallet.

While the pool can be used for multiple purposes here, we’re going to limit ourselves to buying and selling NFTs.

Buying an NFT

Navigate to your desired NFT collection

Now, you can simply click on Buy Now and follow the instructions to buy any NFT that you desire.

The best part about NFTx is that it allows you to tokenize your NFTs by locking them up in a vault (you can make your own here) and issuing tokens against it. These tokens can also be traded on SushiSwap.

How do I redeem a random NFT from the pool?

If you wish to redeem a random NFT from the vault, simply hit ‘redeem button’

Any NFT from the particular vault can be randomly redeemed if you have enough tokens for it. In case you don’t there’s usually a SushiSwap link given right below that allows you to get the desired tokens.

How do I redeem a specific NFT from the pool?

In case you wish to redeem a specific NFT from the pool, all you have to do is to click on the NFTs you desire to redeem.

Select the NFTs you wish to redeem and then you can get them after supplying the net total amount of tokens required. Be sure to keep the ‘random’ tag set at zero if you don’t want any random NFT to be drawn from the pool.

[NFTs] How to use the NFTx pool

Links to use: Buy, sell

What is a NFT pool?

Just like a liquidity pool, an NFT pool is place where you can shop and sell your NFTs while earning yields. You can also use the Swap feature to swap your NFTs with others that are available in the market place.

What is the point of this?

NFT pools allow users to connect their wallets and exchange, sell, and buy their NFTs. Some pools also offer auction services, minting, and the ability to redeem. The pool hosts information about a collection’s average buying price, activity, items, and even their respective contracts.

Once an NFT has been deposited to the pool, it represents an asset held within the treasury of the protocol. In exchange, the provider gets specific tokens which can be used for the redemption of the specific asset.

How do I interact with the the pool?

Interacting with NFTx pool has a common procedure before it diverges for specific objectives:

First, Open NFTx platform (click here)

Notice the connect wallet button on the top right of the website. You have to click it in order to move forward or you can simply explore the website.

Currently, the NFTx pool works on Ethereum alone. Please connect your desired wallet.

While the pool can be used for multiple purposes here, we’re going to limit ourselves to buying and selling NFTs.

Buying an NFT

Navigate to your desired NFT collection

Now, you can simply click on Buy Now and follow the instructions to buy any NFT that you desire.

The best part about NFTx is that it allows you to tokenize your NFTs by locking them up in a vault (you can make your own here) and issuing tokens against it. These tokens can also be traded on SushiSwap.

How do I redeem a random NFT from the pool?

If you wish to redeem a random NFT from the vault, simply hit ‘redeem button’

Any NFT from the particular vault can be randomly redeemed if you have enough tokens for it. In case you don’t there’s usually a SushiSwap link given right below that allows you to get the desired tokens.

How do I redeem a specific NFT from the pool?

In case you wish to redeem a specific NFT from the pool, all you have to do is to click on the NFTs you desire to redeem.

Select the NFTs you wish to redeem and then you can get them after supplying the net total amount of tokens required. Be sure to keep the ‘random’ tag set at zero if you don’t want any random NFT to be drawn from the pool.