What is NFTx?
NFTx is a third party NFT pooling protocol that facilitates on-chain, permissionless liquidity for NFTs. A detailed overview of the NFTx protocol can be found here, but in general terms, NFTx operates through vaults. Each NFT added to a vault results in the minting of a fungible ERC-20 token - a “vToken”.
As ERC-20 tokens, a vToken can be added to Liquidity Pools and traded using the NFTx v3 Automated Market Maker (AMM). This approach unlocks several use cases like instant liquidity, yield generation, composability and accessibility.
Purchasing an item using Pool Buy
Navigate to the collection page where the Pool Buy feature is enabled and look for the card labeled "Pool Buy". The Pool Buy card only shows if the pool price is less than or equal to the floor price without the pool.
Click on the "Buy Now" button to purchase the lowest-priced item from the pool.
Sign the on-chain transaction to complete the purchase.
Please note: No NFTx listings will appear on the regular collection floor.
Congratulations! You've successfully purchased an item using the Pool Buy feature on Magic Eden.
If you have any questions, feel free to reach out to our support team. Simply open a ticket by using the chat widget.