Joel - NIFTEX Blog

Announcing NIFTEX V2

The pioneers of fractional ownership for NFTs are back with more. We are happy to announce that a brand-new version of NIFTEX is set to be released in the coming weeks. NIFTEX v2 will not only massively improve on the successful proof of concept

The Buyout Clause in Depth

NIFTEX NFT fractions include a Buyout Clause, which ensures an NFT can be recovered from its fractions without owning 100% of the fractions. This post goes through the (technical) details. Background When we first wrote the smart contracts for NFT fractionalization in early 2020,

Cheap Fractions are Back! NIFTEX on L2

Fractionalizing NFTs is fun, but only if you don't have to pay buckets of ETH for transaction fees. That's why we've been working hard to get NIFTEX onto Matic Network,

A Step-by-step Guide to Creating NFT Fractions on NIFTEX

Welcome! This guide has four sections: Creating FractionsSelling FractionsSecondary MarketBest Practices Creating Fractions Sign up at niftex.com (only email required) Navigate to Launches > New LaunchAny NFT that conforms

The Story of cloudwhite and $COKE

On August 11 2020, well-known artist and Axie Infinity community member @cloudwhiteNFT launched a creative campaign around a very unique little creature: Axie #2646. Its NFT was fractionalized into fungible

Shardholder Support Plan

This post is meant to provide guidelines to users who hold Shards that have been paused as a consequence of the discovered vulnerability on the 20th of July 2020. Update (4th August 2020): Most NFTs have now been recovered from their contracts, as well

Buyout Vulnerability Report

Update (July 22 2020): we've posted our plan for affected Shardholders. Update 2 (July 23): this post has been updated with a summary of the actual vulnerability. Update 3 (July 30): our auditor RStudios is wrapping up the audit with no major additional issues

Introducing Royalty Fractions

Starting today, when fractions of an artwork NFT are created, 5% of the fractions will automatically be reserved for the artist.

NIFTEX Fractionalizes $11,000 USD CryptoPunk & More

Niftex.com News Roundup NIFTEX has acquired and created fungible fractions out of an $11,000+ USD CryptoPunk. Fewer than 1% of CryptoPunks are of the zombie type, with a current price floor of more than $13,000 USD per zombie. Punk #7458 now

Editions Without Duplicates: XCOPY on Launching $DED

When we set out to develop the basics of NFT fractions, we saw many benefits including greater access to unique assets, stronger markets and the enabling of digital object governance. XCOPY introduced us to a new, unanticipated angle specific to art: fractions of an

Launching the $APE Estate: Interview

Lova (@shestovs) is fractionalizing a prime Decentraland estate with the goal of making it the most liquid fraction market on NIFTEX. Location of the $APE Estate. More details here. What was your first NFT? How did you get into the NFT space? The

WizardX and NIFTEX Launch First Fractional Ownership of NFT Artwork

We asked WizardX a few questions about the Launch of fractions for Miss Al Simpson's "BITCOIN BITCH (DOUBLE DIGITS)". NFTX: What was your first NFT? How did you get into the NFT space? I bought some Cryptokitties shortly after launch but never accumulated a

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NFT Fractions: a Primer

What is NIFTEX? The Non-Fungible Token (NFT) market is a very promising one, but we think it is held back by an inefficient market structure. The uniqueness of each token