As the crypto bull market intensifies, NFT markets are again rejuvenating with positive user engagement. However, the sector is still plagued by critical issues that restrict the effective participation of both institutional and crypto-native users. NFTFN, a project backed by industry leaders, is about to change this. The project has already received endorsement from major industry titans and NFT enthusiasts, and its presale is just around the corner.
Why is NFTFN Truly Groundbreaking?
NFTFN introduces a transformative approach to the Non-Fungible Token (NFT) market with its order-book-based NFT Perpetual Decentralized Exchange (DEX), SuperNova (SNV). This innovative platform enables traders to long and short on the NFT market through indexes, addressing the key challenges and limitations faced by investors and traders in the current NFT landscape.
NFTFN’s mission revolves around transforming the NFT market to make it more accessible and manageable for traders. The potential is immense, with a projected growth from $10 billion in market cap in 2023 to $230 billion by 2030. However, high entry barriers, transaction complexity, and a lack of risk management tools have hindered broader participation.
SuperNova (SNV) is NFTFN’s flagship product, designed to tackle these issues directly. It offers an NFT floor-price index, enabling traders to hedge their positions across various Blue-Chip NFT collections. This allows participation without the need to manage individual NFTs, simplifying the investment process and diversifying risk.
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How does NFTFN Work?
Instead of trading individual NFTs, NFTFN uses indexes. An index is a portfolio of different NFTs or a collection that represents a segment of the NFT market. For example, an index could consist of top-performing Blue-Chip NFT collections. Trading indexes allow traders to speculate on the broader NFT market trends without dealing with individual NFT assets.
Using the platform, traders can speculate on the price movement of NFT assets. “Going long” means buying with the expectation that the asset’s value will increase, while “going short” involves selling an asset anticipating a decrease in value.
On NFTFN, traders can engage in the market dynamically. They can hedge their investments by taking positions that balance out potential losses in their NFT portfolio. Through leveraging, traders can amplify their trading power, allowing for larger trades with smaller capital.
Core Features
- Orderbook Exchange: Ensures a transparent and fair trading experience with visible orders and efficient execution.
- Multi-token Margin: Supports a wide range of ERC-20 tokens, increasing investment choices.
- Up to 10x Leverage: Offers the potential to amplify trading outcomes.
- Exposure to Multiple Blue-Chip NFTs: Facilitates investment in top-performing collections at an accessible price point.
- Low Entry Barrier: Makes entering the NFT market easier for a broader audience.
NFTFN applies a rigorous process to select Blue-Chip NFTs for its index. This process includes analysis of trading volume, unique owners, project verification, time of existence, and trading activity. Advanced filters like wash trading scores also play a crucial role in ensuring the integrity and value of selected NFTs.
Backers and Investors
NFTFN boasts a strong backing from various partners and investors, including Google (Cloud Partner), Opensea, BitsCrunch, NFT Bank (Pricing Partners), WOW Earn (Wallets), Binance Smart Chain, and Polygon (Blockchain Partners), among others. This diverse support underscores the platform’s potential and the confidence in its future.
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.
For more visit:
Website: www.nftfn.xyz
Telegram: t.me/nftfnofficial
Twitter: twitter.com/nftfnofficial
