Tokens.com Announces that it has Staked its CryptoPunk
NFTX is an NFT DeFi platform that enables users to borrow, lend, and trade various top NFTs. Depositors like
Trading generates fees for users that have deposited into the vault. The fees are split between the members of the vault based on the percentage of their total capital allocation. The current annualized yield for depositing a CryptoPunk into an NFTX vault is over
“Using the NFTX platform to stake our CryptoPunk opens a new revenue stream for
“NFTX is an innovator in the DeFi space and is taking steps to create more liquidity in the NFT ecosystem. We are big believers in the macro growth potential for DeFi and NFTs and think this is just part of a large trend of increased liquidity for NFT holders. We anticipate this will further increase demand for top NFT projects like CryptoPunks,” commented
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This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
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Email: contact@tokens.com
Email: contact@tokens.com
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