What is SmartNFT (SMARTNFT) crypto coin? Price, use case, and why it's nearly dead

What is SmartNFT (SMARTNFT) crypto coin? Price, use case, and why it's nearly dead

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SmartNFT (SMARTNFT) isn’t just another crypto coin. It was built to do something no other NFT project tried: turn your phone’s lock screen into a public proof of ownership. Launched on August 24, 2021, by LOX Network, SmartNFT was supposed to be the first blockchain-based mobile identity system where your NFT wasn’t just a JPEG you bought-it was your digital ID, displayed right on your phone’s screen. But today, it’s a ghost town.

What SmartNFT actually does (in theory)

SmartNFT works on the XRP Ledger, not Ethereum or Solana. That’s important. Most NFTs live on Ethereum, where you can trade them on OpenSea, Blur, or LooksRare. SmartNFT doesn’t. Instead, it ties your identity data-like your username, profile, and a unique NFT-to the XRP Ledger. This NFT then shows up as a QR code on your phone’s lock screen. The idea? Anyone who sees your phone can scan the code and instantly verify who you are and what digital assets you own.

It sounds clever. Imagine walking into a digital art gallery and your NFT collection is visible without opening an app. No wallet connection needed. Just your phone screen. That’s the promise. But here’s the problem: no one uses it.

The price crash: From $0.03 to $0.000023

SmartNFT peaked at $0.03311 on November 11, 2021. That’s not a lot in dollar terms, but for a niche project, it was a rally. Since then, it’s lost 99.93% of its value. As of November 5, 2025, it trades at $0.00002359. That’s less than a hundredth of a cent. You’d need over 42,000 SmartNFT tokens to make $1.

Why the collapse? Simple: no demand. The 24-hour trading volume is $172.47. That’s less than what a single Bored Ape NFT sells for on a bad day. For comparison, Ethereum-based NFT projects move hundreds of millions daily. SmartNFT barely moves a few hundred dollars.

Market data says it’s dying

SmartNFT sits at #1,146 in global market cap rankings. That’s not just low-it’s irrelevant. Most exchanges don’t even list it. The token has a circulating supply, but CoinDesk lists its market cap as “$-”, meaning it’s too small to calculate. Liquidity is nonexistent. You can’t easily buy or sell it without paying huge slippage.

Volatility is high-61.26% over 30 days-but that’s not excitement. It’s panic. Only 17 out of 30 days in the last month were positive. That’s not a trending asset. That’s a coin people are dumping.

An empty art gallery with one person holding a phone displaying a faded NFT QR code.

Why it failed: The lock screen gimmick didn’t stick

The lock screen NFT feature was the whole pitch. But no one cares. Why? Because it’s useless without a network effect. If you’re the only person with a lock screen NFT, it means nothing. If 10 people have it, still nothing. You need thousands, maybe millions, for it to matter.

No major apps, wallets, or platforms integrated with SmartNFT. No developers built tools for it. No influencers promoted it. No community grew around it. The LOX Network app that’s supposed to manage these NFTs has no tutorials, no support, and no updates. The GitHub repo (github.com/loxcoin/lox) hasn’t seen meaningful code changes in years.

Compare that to Ethereum NFTs. They’re embedded in wallets, marketplaces, games, social media, and even Twitter profiles. SmartNFT is a standalone feature with no ecosystem. A lock screen that no one sees is just a blank screen.

No community, no future

Check Reddit. Check Twitter. Check Telegram. You won’t find active discussions about SmartNFT. There are no memes, no memes, no debates, no success stories. The only traces are old forum posts from 2021 and a few P2P listings on obscure exchanges-mostly from Kenya and a handful of other countries with minimal trading.

No one is buying it. No one is selling it. No one is even talking about it. That’s the death knell for any crypto project. Without a community, there’s no momentum. Without momentum, there’s no value.

Is SmartNFT still being developed?

Technically, yes. But barely. The GitHub repository shows a skeleton of code. No new features. No bug fixes. No documentation updates. The team behind LOX Network hasn’t posted a roadmap, a blog, or even a tweet since 2022. There’s no team announcement, no hiring, no partnership news.

Experts at CoinCodex say it’s a bad time to buy SmartNFT. Their technical indicators show the price is below both the 50-day and 200-day moving averages-classic bearish signals. Even their price prediction for March 2025 (a rise to $0.00002429) is meaningless. It’s a 2.9% increase from current levels. You’d need to hold for over a year to gain $0.0000006 per token.

A crumbling monument labeled SMARTNFT with a broken phone buried beneath it.

What’s the real use case?

SmartNFT claims to be in the “Identity” and “Collectible” industries. But identity on the blockchain means something else-like decentralized IDs (DIDs) on Polygon or Ethereum, used by companies like Microsoft and the EU for digital passports. SmartNFT doesn’t do that. It doesn’t verify your real-world identity. It doesn’t sign documents. It doesn’t log you into apps.

It’s just a QR code on your lock screen. That’s not identity. That’s a digital sticker.

Should you buy SmartNFT?

No.

If you’re looking for a long-term investment, SmartNFT is a trap. It has no utility, no adoption, no team activity, and no future. The price is so low because no one wants it. Buying it now won’t make you rich. It’ll just cost you gas fees and time.

If you’re a collector of dead crypto projects? Maybe. But even then, there are better options. At least projects like Terra or FTX had real ecosystems before they crashed. SmartNFT never had one.

Where does SmartNFT stand today?

SmartNFT is a relic. A failed experiment that tried to solve a problem no one had. It was built on the XRP Ledger, which already struggles for NFT adoption. It added a gimmick-lock screen NFTs-that no one wanted. And then it vanished.

Its only legacy is as a case study in how not to build a crypto project: focus on novelty over utility, ignore community, skip documentation, and assume people will care because you said so.

The blockchain moves fast. Projects that don’t evolve die. SmartNFT didn’t just die-it faded quietly, without a single obituary.

What is SmartNFT (SMARTNFT) used for?

SmartNFT was designed to display a user’s NFT identity as a QR code on a mobile phone’s lock screen, aiming to create a visible proof-of-ownership system. It operates on the XRP Ledger and ties digital assets to a user profile. In practice, however, the feature never gained traction, and there are no known real-world applications beyond the original LOX Network app, which is now inactive.

Is SmartNFT still active?

No. SmartNFT has not seen meaningful development since 2022. The GitHub repository (github.com/loxcoin/lox) has no recent commits, no documentation updates, and no community contributions. The LOX Network app is no longer promoted, and there are no official announcements or roadmap updates. The project is effectively abandoned.

What is the current price of SmartNFT?

As of November 5, 2025, SmartNFT trades at approximately $0.00002359. This is down 99.93% from its all-time high of $0.03311 in November 2021. The token has negligible trading volume-just $172.47 in the last 24 hours-and is considered a low-liquidity, high-risk asset.

Can I trade SmartNFT on major exchanges?

SmartNFT is not listed on any major exchanges like Binance, Coinbase, or Kraken. It’s only available on a few obscure P2P platforms and decentralized exchanges with minimal volume. Trading it is difficult, and you’ll likely face high slippage or no buyers at all.

Why did SmartNFT fail?

SmartNFT failed because it offered a solution to a problem no one had. The lock screen NFT idea was novel but useless without adoption. It lacked community, developer support, documentation, and integration with any major platforms. Unlike Ethereum-based NFTs, it didn’t connect to wallets, apps, or marketplaces. The project’s team went silent, and users stopped caring.

Is SmartNFT built on Ethereum?

No. SmartNFT runs exclusively on the XRP Ledger, not Ethereum. This limits its compatibility with the vast majority of NFT tools, wallets, and marketplaces, which are built for Ethereum or Solana. This isolation was a major factor in its inability to grow.

Should I invest in SmartNFT?

No. SmartNFT has no utility, no community, no development, and no future. Its price is near zero because no one wants it. Investing in it is speculative at best and a total loss at worst. There are hundreds of more active, better-documented crypto projects with real use cases. Don’t risk money on a dead project.

Peter Mendola
  • Peter Mendola
  • November 23, 2025 AT 21:14

SmartNFT is a textbook case of vaporware. $0.00002359? That’s not a price-it’s a funeral notice. Technical indicators are screaming bearish, and liquidity is zero. Don’t waste your time. 📉

Sunita Garasiya
  • Sunita Garasiya
  • November 25, 2025 AT 18:36

So it’s basically a digital sticker no one wanted to see. The lock screen idea was cute but pointless. Like putting a barcode on your forehead and expecting people to scan it in the subway. 😏

Chris Popovec
  • Chris Popovec
  • November 26, 2025 AT 07:22

They built this on XRP because Ethereum was too mainstream. Classic move. They knew they’d fail but wanted to be the ‘underground disruptor.’ But here’s the real conspiracy: the team sold their bags before the crash. Check the wallet transfers from 2021-there’s a pattern. This was never about tech. It was a rug pull disguised as innovation.

diljit singh
  • diljit singh
  • November 27, 2025 AT 10:38

Who even cares? NFTs were always a joke. Now they’re just a graveyard of JPEGs and failed lock screens. SmartNFT? More like SmartWaste. Move on.

Mike Stadelmayer
  • Mike Stadelmayer
  • November 27, 2025 AT 14:34

I remember when this launched. Thought it was cool. My phone showed this QR code for weeks. No one ever scanned it. Not even my roommate. We just laughed. It’s weird how tech that seems genius in theory just… dies in practice.

Samantha bambi
  • Samantha bambi
  • November 27, 2025 AT 18:58

It’s sad when a project dies quietly. No fanfare, no drama-just silence. SmartNFT didn’t crash. It evaporated. Like smoke from a candle someone forgot to blow out.

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