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As the crypto presale frenzy continues in the bull market, NFTFN, a latest presale project is gaining attention from leading crypto investors. NFTFN is an innovative web3 fintech company creating financial products leveraging NFTs, aiming to democratize and enhance the NFT market. Its main product, NFT Perpetual Futures, offered through SuperNova (SNV), addresses critical barriers such as high entry costs, lack of liquidity, complexity, and risk management in the NFT ecosystem.
NFTFN is a decentralized exchange (DEX) focusing on NFT perpetual futures, allowing traders to long or short on the NFT market via indexes without owning actual NFTs.
NFTFN's offering, SuperNova, is a floor-price index that provides exposure to various Blue-Chip NFT collections like BAYC and MAYC, enabling users to speculate on the value of these NFTs. It operates through an order-book exchange with up to 10x leverage, multi-token margin, and slippage-free trading.
NFTFN has a token distribution that allocates 20.34% to the public, 15% to the team, and smaller percentages to various other stakeholders, with a total supply of 1 billion tokens. The tokenomics support a gradual release of tokens to different stakeholders, ensuring a controlled supply over time.
NFTFN raised $500k from notable angels, including Polygon co-founder Sandeep Nailwal and launched V1 NFT-index Perp on Polygon Testnet in March 2023. For Q1'24, they have planned the Mainnet and Token Launch, Ordinals Launch, and exclusive perks for holders of well-known NFTs like BAYC and MAYC.
NFTFN will also introduce cross-margin support across multiple markets, on-chain order matching for decentralized trade execution, the development of multiple indexes to suit different risk profiles, and explorations of integrations with Real-World Assets (RWAs).
NFTFN boasts partnerships with cloud services, pricing partners, wallets, NFT communities, and blockchain partners such as Google Cloud, Opensea, BitsCrunch, NFT Bank, Binance Smart Chain, and Polygon.
The project has attracted investments from various backers, including Alpha Wave Global, Chingari, and Sigurd Ventures, among others, illustrating confidence in NFTFN's vision and potential.
Overall, NFTFN aims to revolutionize the NFT trading landscape by offering accessible, liquid, and diversified investment opportunities, catering to both seasoned investors and newcomers, thus driving broader participation and growth in the NFT market.
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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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
