BUNNY Vault (NFTX) (BUNNY)

BUNNY Vault (NFTX), the crypto

BUNNY Vault (NFTX) (BUNNY) is an Ethereum-based cryptocurrency that is associated with the BUNNY Vault, which is a non-fungible token (NFT) protocol that allows users to deposit their NFT collections and earn yield through liquidity provision. BUNNY is the native token of the NFTX platform, which is used as a governance token and for liquidity mining rewards.

The point

The main point of BUNNY Vault (NFTX) (BUNNY) is to provide a platform for NFT collectors and investors to deposit their NFTs and earn yield through liquidity provision. By pooling together NFTs into collections, the value of the NFTs can be better assessed and used to create liquidity pools that can then be traded on external exchanges. The BUNNY token is used to incentivize liquidity provision and platform governance.

The problem

BUNNY Vault (NFTX) (BUNNY) tries to solve the problem of illiquidity and fragmentation in the NFT market. By allowing users to deposit their NFTs into collections, the value of the NFTs can be more accurately assessed and used to create liquidity pools. This allows for easier trading of NFTs and opens up new avenues for investment and speculation in the NFT market.