NFTs
We trade NFTs the way a macro desk trades currencies — as instruments with measurable supply, distribution skew and liquidity profile. The picture on the JPEG is irrelevant to the model.
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Mispricing in collectible markets
Most participants in this market still treat NFTs as collectibles. That mispricing is the opportunity. The Montrix NFT desk runs the same diligence on a collection that a credit analyst would run on a small-cap bond: holder concentration, rolling float, royalty enforcement, and floor depth at multiple offer sizes.
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Risk rules before entry
We will not enter a collection where the top ten wallets hold more than a defined share of supply, or where royalty enforcement is opt-in at the marketplace level. Those rules sound boring. They are why our drawdowns in this segment look the way they do.
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Ownership is a data source
On-chain ownership matters because it lets us measure the things a traditional collectible market cannot. Every wallet movement is a signal. Every relisting is a sentiment update. The agent watches all of it, every block.
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Utility over narrative
Where we like NFTs most is at the intersection with utility — protocol access, in-game ownership, music royalty splits with verifiable distribution — because those carry a cash-flow leg, not just a narrative leg.
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What the desk monitors
- 01Floor depth at multiple bid sizes, not just the displayed floor.
- 02Holder concentration and rolling thirty-day distribution.
- 03Royalty enforcement at the venue level — opt-in versus protocol-level.
- 04Bridges between physical brand programmes and on-chain ownership.
- 05Protocol revenue accruing to holders, where it exists.
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How clients get exposure
Clients get exposure either through curated baskets or through the agent's discretionary NFT sleeve. Either way, the rules are the rules — and the rules are visible.