Series-A Funding Round Raises $3 Million for nftperp
nftperp, the first NFT perpetual futures DEX, has successfully closed its Series-A funding round, securing a total of $3 million. This funding will enable nftperp to provide users with a decentralized platform to take long or short positions on select blue-chip NFT collections. The platform combines the reliability of a Decentralized Limit Order Book with the autonomy of an Automated Market Maker.
Investors Backing nftperp
The funding round was led by 1kx and saw participation from investors including Maven 11 and Mechanism Capital, as well as influential angel investors. These investors believe in nftperp’s mission to bring perpetual futures to illiquid assets, expanding price discovery and hedging opportunities for NFTs.
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Enhancing the NFT Market
nftperp aims to create a robust NFT market beyond buying, selling, and holding by allowing traders to long or short NFT collection prices. This empowers retail users to access previously inaccessible blue-chip collections and gain exposure to notable collections in an illiquid market.
Unlocking New Possibilities
With this funding, nftperp will continue to unlock new possibilities for retail NFT traders, experienced collectors, and institutional investors. The platform is also preparing for the launch of its highly anticipated v2, which will introduce innovative features and enhancements.
Paper Trading and Future Developments
nftperp currently offers paper trading for users to familiarize themselves with the platform before trading with live funds on v2. To start paper trading or learn more about nftperp, visit their website or join their Discord community.
About nftperp
nftperp is an open-source DeFi protocol that aims to drive the financialization of NFTs. Their core product is a decentralized perpetual futures exchange, and they have achieved over $500 million in volume with their v1. The upcoming launch of v2 will further expand their ecosystem of products.
Hot Take: nftperp Raises $3 Million in Series-A Funding Round
nftperp, the first NFT perpetual futures DEX, has successfully closed its Series-A funding round, securing $3 million. This funding will enable nftperp to provide a decentralized platform for users to trade long or short positions on select blue-chip NFT collections. With the support of investors like 1kx, Maven 11, and Mechanism Capital, nftperp aims to bring perpetual futures to illiquid assets and enhance the NFT market. The platform’s upcoming v2 launch promises additional innovative features and enhancements. Retail traders, collectors, and institutional investors can look forward to new possibilities as nftperp continues to innovate and challenge the status quo in NFT Finance.
