What is Niftyx Protocol (SHROOM) crypto coin? A clear breakdown of the NFT trading protocol and its token

Niftyx Protocol isn’t another meme coin or speculative token. It’s a decentralized infrastructure built for niche NFT markets - and its native token, SHROOM, is the engine that keeps it running. If you’ve ever wondered how smaller creators can compete in a market dominated by giants like OpenSea, Niftyx Protocol offers a different path: community-owned, focused, and built on open standards.

What exactly is Niftyx Protocol?

Niftyx Protocol is a decentralized system designed to help creators launch and manage their own NFT marketplaces - without needing to build from scratch. Think of it like a toolkit. Instead of one giant marketplace for everything, Niftyx lets artists, musicians, game developers, and fashion brands set up their own branded, independent NFT stores. These stores connect to the same underlying system, so users can trade across them easily.

It runs on EVM-compatible blockchains. That means it works with networks like Ethereum, Polygon, or Arbitrum - the same ones that power most Web3 apps today. You don’t need to learn a new blockchain. If you’ve used MetaMask or traded ETH, you’re already set up.

The whole thing is run by a DAO - a Decentralized Autonomous Organization. That’s a fancy way of saying no single company owns it. Instead, the people who hold SHROOM tokens vote on changes. Want to add a new NFT category? Raise funds for a creator grant? Change the trading fee? It all goes to a vote.

What is SHROOM, the token?

SHROOM is the native token of Niftyx Protocol. It’s not just a currency - it’s a governance tool. Holders use SHROOM to vote on proposals, and they can also earn rewards by staking or participating in community activities.

As of February 2026, here’s what the numbers look like:

• Circulating supply: 51,386,058 SHROOM
• Total supply: 65,557,424 SHROOM
• Market cap: ~$129,530 USD
• Fully diluted valuation (FDV): ~$165,250 USD
• Holder count: 3,550 unique wallet addresses

That’s tiny compared to Bitcoin or Ethereum - but that’s intentional. Niftyx isn’t trying to be a top-10 coin. It’s aiming for a focused, community-driven ecosystem. The fact that it has over 3,500 holders shows there’s real engagement, not just speculative trading.

How does SHROOM work in practice?

SHROOM has three main uses:

1. Voting: Every proposal - from new market verticals to fee structures - is decided by SHROOM holders. The more tokens you hold, the more voting power you have.
2. Staking: You can lock up SHROOM to earn a share of protocol fees. These fees come from NFT sales on connected marketplaces. It’s a way to get passive income just by holding and supporting the network.
3. Access: Some exclusive features - like early access to new NFT drops or special creator tools - require a minimum SHROOM balance. It’s not a paywall, but a way to reward active participants.

There’s no centralized team handing out perks. Everything is transparent, on-chain, and governed by smart contracts. If a proposal passes, the code executes automatically. No middlemen. No delays.

Where can you trade SHROOM?

SHROOM isn’t on Coinbase or Binance. It’s on smaller exchanges. The most active trading pair is SHROOM/ETH on Bilaxy, which accounts for nearly all of the daily volume.

Here’s the trading snapshot from February 2026:

The low volume and high volatility mean big price swings are common. A single large trade can move the price. That’s why it’s not ideal for large investors - but it can be interesting for early adopters who believe in the long-term vision.

What markets does Niftyx Protocol target?

Most NFT platforms try to be everything to everyone. Niftyx does the opposite. It’s building specialized marketplaces:

• Gaming NFTs: The first vertical. Think in-game items, skins, or characters from indie games that want to sell directly to players.
• MUSIC NFTs: Coming soon. Artists will be able to release limited-edition albums, concert tickets, or behind-the-scenes content as NFTs - with royalties built in.
• Fashion NFTs: Digital clothing, virtual runway shows, and branded avatars. Designers can sell without relying on big platforms like Decentraland.

This approach is smart. Instead of fighting OpenSea for visibility, Niftyx gives creators their own space - with built-in tools, lower fees, and a community that cares about their niche.

Is Niftyx Protocol worth attention?

Here’s the truth: SHROOM isn’t going to make you rich overnight. The market cap is tiny. The volume is low. The project has been around for a while without explosive growth.

But if you care about decentralized ownership, niche creators, and real community control - then Niftyx Protocol is one of the few projects doing it right. It’s not chasing hype. It’s building infrastructure.

Compare it to other NFT protocols. Many are owned by venture funds. Some have central teams that change rules at will. Niftyx doesn’t. It’s governed by token holders. That’s rare.

And with over 3,500 active holders and real use cases in gaming and music, it’s not just a theory. People are using it.

What’s next for Niftyx Protocol?

The roadmap is simple: expand into new verticals, improve the user experience for creators, and grow the DAO’s decision-making power. There’s no big marketing campaign. No celebrity endorsements. Just steady development.

Future updates may include:

• Integration with more EVM chains (like Base or Scroll)
• On-chain royalties for secondary sales
• Creator grants funded by protocol revenue
• Mobile-friendly NFT minting tools

If you’re tired of centralized platforms taking 15% fees and controlling your audience - Niftyx Protocol offers an alternative. It’s not flashy. But it’s real.