nftperp Raises $3 Million in Series-A Funding Round
nftperp, the first NFT perpetual futures DEX, has successfully closed its Series-A funding round, raising a total of $3 million. The platform offers a decentralized and efficient solution for users to take long or short positions on select blue-chip NFT collections. nftperp combines the reliability of a Decentralized Limit Order Book with the autonomy of an Automated Market Maker, providing traders with a seamless trading experience. The funding round was led by 1kx, with participation from Maven 11, Mechanism Capital, and notable angel investors. The raised capital will help nftperp further develop its platform and introduce innovative features in the upcoming v2 launch.
Investor Support for nftperp’s Mission
The funding round saw participation from leading investors in the crypto space, including Maven 11 and Mechanism Capital. These investors believe in nftperp’s mission to bring perpetual futures to illiquid assets, creating better price discovery and hedging opportunities for NFTs. By supporting nftperp’s growth, these investors aim to expand the potential user base for NFTs and enhance the overall NFT market.
nftperp’s Vision for the NFT Market
nftperp aims to go beyond the traditional buying, selling, and holding of NFTs by enabling traders to long or short NFT collection prices. This empowers retail users to access previously inaccessible blue-chip collections and extract deeper utility from the market. By providing the ability to long and short-sell NFTs, nftperp unlocks new possibilities for retail NFT traders, experienced collectors, and institutional investors.
Positive Outlook for Decentralized Derivatives Trading
Experts in the crypto industry expect decentralized derivatives trading to continue growing, especially in the NFT space. Marc Weinstein, Partner at Mechanism Capital, believes that nftperp has the potential to be the leading platform in this massive sector. With the funds raised in this round, nftperp aims to further innovate and challenge the status quo in NFT finance.
Paper Trading and Future Developments
nftperp currently offers paper trading, allowing traders to familiarize themselves with the platform before using live funds in the upcoming v2. To start paper trading, visit nftperp.xyz or join nftperp’s Discord community. The team is excited to continue developing their products and driving the financialization of NFTs within the Web3 ecosystem.
Hot Take: nftperp Secures Series-A Funding to Revolutionize NFT Trading
nftperp has successfully raised $3 million in its Series-A funding round, attracting support from notable investors in the crypto space. The platform’s unique offering of NFT perpetual futures allows users to take long or short positions on select blue-chip NFT collections, offering a decentralized and efficient trading experience. With the upcoming v2 launch, nftperp aims to introduce innovative features that will further enhance the NFT trading landscape. This funding round not only provides capital but also represents a collective belief in nftperp’s mission and its potential to drive the financialization of NFTs. nftperp’s vision for the NFT market and its commitment to challenging the status quo set the stage for significant growth and milestones in the future.
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