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Phil Hall
Phil Hall
Jul 10, 2020
News

Shared Ownership over Rare Axie Infinity Booming

Investors are flocking to get shared ownership over valuable digital assets, as Niftex has proven with a creature from Axie Infinity.
Shared Ownership over Rare Axie Infinity Booming

Investors are flocking to get shared ownership over valuable digital assets, as Niftex has proven with the sale of a valuable creature from Axie Infinity. Within five hours 21 people bought shares of ownership over Almace, which the exchange valued at $9500 during the auction. These shares are now worth 157 percent more.

The moment Almace went on sale, things moved pretty quick. The 10 thousand ALMX tokens sold out within five hours. After that the ALMX became available for trading, and the value increased tremendously. The current value at the time of writing is 24.616 dollars (103 ETH).

Niftex is an exchange where users can buy a share of highly valuable digital assets. They decide a price and the number of shards of ownership, after which investors can buy shards. Venom, another Axie with shared ownership, has seen its value increase with 431 percent. While the Mystic Balloon Axie only increased 24 percent in value.

Shared ownership more than Axie

Obviously Niftex isn’t only offering shared ownership over Axie Infinity critters. On Nitfex investors can find tokens for partial ownership over virtual land in Decentraland, Cryptopunks and all kinds of digital art. Most artworks have seen a value increase between 1 and 10 percent. The Other Deadness from XCOPY is the artwork that stands out, with a value increase of almost 26 percent. The Niftex Exchange has only been around for a few months.

However, not every asset has seen a value increase on Niftex. For example a collectible assets called Marble Cards: Nasdaq – Github lost 97 percent of its value. Apparently Niftex overvalued the asset big time. When someone sells an item on Niftex, it will first need to be valuated. Sellers can determine how many shards – or stocks – they want for their digital item. Based on that information the system can determine the price per shard, and then investors can start buying ownership over the asset.

Nitfex has also included the so-named Shotgun Threshold. This means that when an investor acquires a certain percentage of all shards on an asset, he’s allowed to make an offer for the outstanding shards. Other parties must accept this offer, or buy the shards from the offering party at that determined price. The one who owns all shards, claims full ownership over an asset. This has been activated once so far, by company co-founder Mark Le.

NFT investing becoming a real thing

Over the past two years non-fungible tokens have taken quite a presence within the blockchain space. A non-fungible token represents ownership over a digital or sometimes physical asset, and therefore has a certain value. The value of certain non-fungible tokens increased a lot, sometimes even adding one or more zeros behind the initial value.

In 2018 a piece of digital art called “AI Generated Nude Portrait #1” was sold for $75.74. However, at the beginning of this year that same blockchain-verified image sold for 12.351 dollars. That’s 174 times the original investment!

With virtual land in Cryptovoxels and Decentraland, the same thing happend. While pieces of land originally sold for less than one hundred dollars, some of these lands are now worth thousands of dollars. These are considerable amounts of money, inaccessible for most people on this planet. Allowing investors to buy fractions at least opens up the opportunity for the lower segment investors to get a piece of the pie.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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