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NFTX is a platform for making ERC20 tokens that are backed by NFT collectibles. These tokens are called funds, and (like all ERC20s) they are fungible and composable. With NFTX, it is possible to create and trade funds based on your favorite collectibles such as CryptoPunks, Axies, CryptoKitties, and Avastars, right from a DEX like Uniswap.
There are two types of funds on NFTX:
When a new fund is created, the account which sends the transaction is designated as the fund manager. This allows the creator to change fund parameters like fees, supplier incentives, and NFT eligibility. When the creator is done modifying the fund they can then “finalize” it which gives up their control to increase trustlessness.