🔧Problem to solve

NonFungibleX aims to solve several problems within the NFT ecosystem. One of the main issues is the lack of user-friendly platforms for buying, selling, and trading NFTs. Many existing marketplaces are confusing and difficult to use, which can deter potential buyers and sellers from participating in the NFT ecosystem. NonFungibleX's marketplace offers a user-friendly platform that simplifies the buying, selling, and trading process and offers efficient transaction processing and secure storage on the blockchain.

Another issue in the NFT ecosystem is the limited access to funding for new NFT projects. Traditional funding sources, such as venture capital, may not be accessible to many new NFT projects. NonFungibleX's INO launchpad provides a platform for new NFT projects to raise funds from investors by selling their NFTs. This provides exposure and funding to new projects while also giving investors early access to potentially promising NFT projects.

In addition to these problems, there is also the challenge of ensuring fair distribution of tokens for new projects. Liquidity bootstrapping pools (LBPs) are a special type of AMM pool that provide a modified dutch auction for token distribution. LBPs use dynamic weighting of assets in pools to more easily distribute tokens to the broader community in a way seen as more fair than traditional IDO methods. NonFungibleX's LBP launchpad provides a platform for new projects to use this method for token distribution, ensuring a more accessible and equitable distribution of tokens to the community.