Description
NFT20 is a decentralized protocol on the Ethereum blockchain, aiming to enhance the liquidity of non-fungible tokens (NFTs) via permissionless pools. NFT owners can deposit NFTs into these pools, receiving ERC-20 tokens representing pool shares. These tokens, termed NFT20 tokens, provide liquidity as they can be traded or engaged in DeFi activities like yield farming. NFT20 supports a vast range of NFT projects, enabling interoperability within the NFT and DeFi ecosystems. The protocol effectively transforms NFTs into more liquid forms. Developed by the Very Nifty team, it addresses the critical issue of NFT liquidity by facilitating tokenization on AMM platforms like Uniswap. Muse (MUSE), linked to NFT20 with a circulating supply of 508,554 and a price of $6.30, trades actively across markets and plays a significant role in this ecosystem. For more information, visit [nft20.io](https://nft20.io/).
NFT20 is a decentralized protocol on the Ethereum blockchain, aiming to enhance the liquidity of non-fungible tokens (NFTs) via permissionless pools. NFT owners can deposit NFTs into these pools, receiving ERC-20 tokens representing pool shares. These tokens, termed NFT20 tokens, provide liquidity as they can be traded or engaged in DeFi activities like yield farming. NFT20 supports a vast range of NFT projects, enabling interoperability within the NFT and DeFi ecosystems. The protocol effectively transforms NFTs into more liquid forms. Developed by the Very Nifty team, it addresses the critical issue of NFT liquidity by facilitating tokenization on AMM platforms like Uniswap. Muse (MUSE), linked to NFT20 with a circulating supply of 508,554 and a price of $6.30, trades actively across markets and plays a significant role in this ecosystem. For more information, visit [nft20.io](https://nft20.io/).
