Buy Niftyx Protocol (SHROOM)
What is Niftyx Protocol?
Niftyx Protocol is a decentralised protocol focused on NFT (Non-Fungible Token) trading and minting. It aims to deploy and connect niche-focused NFT markets globally, creating a neutral playing field for creators, users, and private firms. The protocol supports several market verticals, such as Gaming, Music, and Fashion NFTs, offering an open, decentralised, and interoperable environment.
How does Niftyx Protocol work?
Niftyx Protocol operates on the Ethereum blockchain, utilising EVM-compatible standards. It leverages a DAO (Decentralised Autonomous Organization) model, meaning it is 100% community-owned and driven. The protocol incorporates smart contract functionality, allowing for the creation and execution of various decentralised applications (DApps). Being Ethereum-based, it uses the Proof of Stake (PoS) consensus mechanism and focuses on providing a scalable solution for fast NFT trading and minting.
What are the potential use cases for Niftyx Protocol?
The potential use cases for Niftyx Protocol include:
- NFT Trading and Minting: Facilitating the creation and exchange of NFTs across various industries.
- Gaming Industry: Marketing gaming assets like in-game items, collectibles, and virtual real estate as NFTs.
- Music and Fashion Industries: Offering new monetisation methods for artists and designers through NFTs, representing exclusive tracks, albums, or digital fashion items.
- DApps Development: Supporting the building of decentralised applications across various sectors.
What is the history of Niftyx Protocol?
The history of Niftyx Protocol is not extensively documented in the provided sources. The protocol's primary aim is to create and link niche-focused global NFT markets. It employs a community-driven DAO model and strives to maintain neutrality, scalability, and decentralisation. However, specific milestones, the founding team, or major updates are not detailed in the available information.
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Frequently Asked Questions (FAQs)
What is the current price of Niftyx Protocol (SHROOM)?
The Niftyx Protocol price is $0.01065431 AUD, representing a +1.36% from the day prior.
Where is the best place to buy Niftyx Protocol (SHROOM) in Australia?
The best place to buy Niftyx Protocol (SHROOM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Niftyx Protocol (SHROOM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Niftyx Protocol (SHROOM)?
The trading volume of Niftyx Protocol (SHROOM) is $32.1K AUD in the last 24hrs, representing a +1.36% from the day prior.
How can I buy Niftyx Protocol (SHROOM)?
Niftyx Protocol (SHROOM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Niftyx Protocol (SHROOM)?
The current market cap of Niftyx Protocol (SHROOM) is $501.8K AUD.
Can I convert Niftyx Protocol (SHROOM) to cash?
Yes - With Coinstash you can convert your Niftyx Protocol (SHROOM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Niftyx Protocol (SHROOM) are there?
The current circulating supply of Niftyx Protocol (SHROOM) is 51.4M.
Is Coinstash a safe place to buy Niftyx Protocol (SHROOM) in Australia?
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