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9 months ago
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ARTICLE AD BOX
One of the most anticipated crypto projects is about to enter presale. NFTFN introduces perpetual futures trading with NFTs, lowering the traditional barriers that have long plagued the non-fungible market. Here are all the details you need to know.
Introduction to NFTFN
NFTFN introduces an order-book-based decentralized exchange (DEX) focused on NFT perpetual futures. The platform facilitates long and short positions in the NFT market through indexes, providing a novel way for traders to speculate on the floor prices of various premium NFT collections without managing the NFTs themselves.
The NFTFN Offering
The platform’s flagship product, SuperNova (SNV), offers synthetic exposure to NFTs, particularly Blue-Chip collections like Bored Ape Yacht Club (BAYC) and others. This index-style trading reduces the high entry barriers typically associated with premium NFTs, democratizing access to potential gains from high-value digital assets.
Operation and Mechanism
Traders can utilize up to 10x leverage with NFTFN, increasing their exposure with the same capital. The DEX operates with an orderbook exchange model, ensuring transparency and minimizing slippage. It integrates a multi-token margin system and offers a diversified portfolio through its SuperNova index.
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Appeal and Problem Solving
NFTFN addresses several key problems in the current NFT market:
- High Entry Costs: By offering exposure to premium NFTs at lower price points, NFTFN lowers the financial barriers to entry.
- Liquidity Issues: The platform’s derivative offerings are designed to improve liquidity in the NFT market.
- Market Complexity: NFTFN simplifies the complex process of identifying high-value NFTs, allowing traders to invest in a diversified index.
- Volatility Management: The SuperNova index provides a hedging mechanism against the NFT market’s volatility.
Partnerships and Ecosystem
NFTFN boasts a robust ecosystem with notable partners like Google (Cloud Partner), OpenSea, and Binance Smart Chain. Investors include Alpha Wave Global and Polygon, demonstrating strong backing from established entities in the technology and blockchain sectors.
Investment Milestones
NFTFN has successfully raised $500,000 from notable investors, including Polygon Co-founder Sandeep Nailwal and other angel investors. They have also launched the V1 NFT-index Perp on the Polygon Testnet as of March 2023. Holders of select NFTs, such as BAYC, MAYC, and others, can enjoy exclusive perks, fostering a community of premium NFT collectors and enthusiasts within the NFTFN ecosystem.
Overall, NFTFN appears to be strategically positioned to offer a unique and accessible platform for trading in the NFT market, equipped with a strong backing and a comprehensive roadmap that promises to advance the project further into the decentralized finance landscape.
About NFTFN
NFTFN is the go-to platform for perpetual trading of diverse assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With a minimum investment of just $10, users can easily take long or short positions on their chosen asset class, catering to traders of all levels.
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