The NFT market is increasingly adopting DeFi components.

A new NFT decentralized exchange, Collection.xyz, is launching today on Ethereum.

Contrary to first generation NFT marketplaces like OpenSea or LooksRare, Collection.xyz sports liquidity pools and automated market maker (AMM) features—just like DeFi protocols such as Uniswap or Curve. Users provide either NFTs or ETH to these pools and receive tokens as rewards. This mechanism allows traders, in turn, to automate the purchase and sale of NFTs in bulk without intermediaries.

Collection.xyz also offers customized trading options, which include the possibility for traders of specifying which NFTs they want to accept (for example, only NFTs with unique traits, or super-rare NFTs, or NFTs trading above floor price). Users can also target specific NFTs ID numbers within the collection. 

(by Tom Carreras)