NFT Index (NFTI) is a digital asset index that strives to track the performance of tokens within the Non-Fungible Token (NFT) industry. The index is designed with a weighting system based on the value of each token's circulating supply. NFTI aims to monitor NFT projects in the Decentralized Finance (DeFi) sector that demonstrate a commitment to continuous maintenance and development. The index includes tokens from various projects, including Polygon (Matic), Enjin, Decentraland, Sand, Axie Infinity, Aavegotchi, Rarible, and Meme.

NFT Index operates by tracking the performance of selected tokens within the NFT industry. The index's value is determined by the circulating supply of each token it includes. The price per token and circulating supply are used to calculate the circulating market cap of each token. Each token's position in the index is then weighted according to its relative circulating market cap compared to other tokens in the index. NFT Index aims to provide an overview of the performance of key players in the NFT sector.

NFT Index serves as a tool for tracking the performance of the NFT industry, making it potentially useful for individuals interested in the NFT market. By providing a weighted overview of various NFT projects, it aims to provide insights into the overall health and direction of the NFT market. This could be beneficial for those who want to understand market trends without having to track each individual project. Additionally, the index could be used as a benchmark for comparing the performance of individual NFT projects against the broader market.

The NFT Index was established with the aim of tracking the performance of tokens within the NFT industry. It was designed to include tokens from projects that show a commitment to ongoing maintenance and development within the Decentralized Finance (DeFi) sector. Since its inception, NFT Index has been striving to provide an overview of the NFT market's performance. The index initially included tokens from eight different projects, reflecting a diverse range of NFT initiatives.