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NiftyConnect

NiftyConnect is a composable, decentralized trading protocol that any application can adopt, plug into, and jointly build. The order flow data is shared on-chain, which will benefit the entire NFT ecosystem by improving the matching efficiency of NFT trading. This will effectively solve the industry-wide problem of insufficient liquidity of NFT assets, and also slowly diminish the dominance of centralized order systems.

What is NiftyConnect?

NiftyConnect is a decentralized NFT aggregation trading protocol designed to enhance liquidity in the NFT market by providing an open-source, on-chain shared order book. This allows applications to connect and share liquidity with ecosystem partners, aiming to break the monopoly of centralized NFT exchanges and improve trading efficiency.

How Does NiftyConnect Work?

NiftyConnect operates as an on-chain shared order book, enabling users to buy and sell ERC721 and ERC1155 assets without counterparty risk and with lower exchange fees. The protocol supports various order types, including fixed price listings, Dutch auctions, and collection-based offers, all executed on-chain to ensure transparency and security.

What Makes NiftyConnect Unique?

Key features of NiftyConnect include decentralized on-chain order flow, a governance-based transaction fee starting from 0%, innovative transaction fee distribution, and a single-step NFT royalty setup. These features collectively aim to enhance NFT trading liquidity and provide a more open and efficient marketplace.

Who Are the Founders of NiftyConnect?

The founder of NiftyConnect is Neinei, who envisioned creating a decentralized NFT aggregation trading protocol to address issues like information asymmetry and liquidity fragmentation in the NFT market. Neinei's background includes experience in blockchain technology and a commitment to building open and community-driven platforms.

Latest News

What Key Events Have There Been for NiftyConnect?

In November 2022, NiftyConnect launched its Beta testing phase, allowing users to participate in order listing tasks and trading competitions to receive early supporter NFTs, potentially leading to future token airdrops. This initiative aimed to engage the community and gather feedback for protocol improvements.

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.