NFTs have changed the rules of ownership in the world of arts and property. Digital art, collectibles, and virtual real estate are some examples of digital assets that come under the NFTs.
The crypto world is ruled by giants like Solana (SOL), ripple (XRP), Cardano (ADA) and the like. The NFT market has been on the rise. It has seen unprecedented growth as evidenced by its growth of nearly 10 billion in 2023. Experts project that the NFT market has the potential to surge to almost 230 billion by 2030.
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The Crypto Giants
Launched in March 2020, a highly functional open-source project, Solana (SOL), banks on blockchain technology’s permissionless nature to provide decentralised finance (DeFi) solutions. Ripple (XRP) is a blockchain-based digital payment protocol & network that has cryptocurrency of its own – XRP. Ripple uses a consensus mechanism, via a group of bank-owned servers to confirm transactions. Cardano (ADA) founded in 2017, says that its goal is to allow “changemakers, innovators, and visionaries” to bring about positive global change.
While these giants have their space and attractions, NFTFN has plans to become the crypto titan with its first flagship product SuperNova.
The SuperNova Plan
SuperNova has a plan to enable investors to engage in the NFT market more easily. Widespread participation in the NFT market is hindered by barriers like high entry costs, complexities in buying and selling, and lack of risk management tools. SuperNova aims to disrupt these challenges.
NFTFN plans to introduce an NFT floor-price index, allowing traders to hedge their positions on various Blue-Chip NFT collections without managing individual tokens. This index will provide diversified exposure to the NFT market thereby reducing the risk from underperformance or volatility in any single NFT.
Innovative Solutions by NFTFN
The idea of SuperNova emerges from the necessity to disrupt the various limitations of the traditional NFT market which has hindered mass participation. This innovation will improve liquidity and ultimately create an inclusive and rewarding trading experience for all.
With SuperNova traders will get low-cost exposure to premium NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX. With this exposure, traders have the opportunity to speculate the floor price of premium NFTs. This will add value to fractionalizing NFTs by improving price discovery & generating passive fees. This upgrades the integrity of the underlying NFT market.
NFTFN has more upgrades under its thinking hat like cross-margin support and on-chain order matching. NFTFN is also thinking long-term, it aims to launch various indexes spread across different investor risk profiles.
About NFTFN
NFTFN positions itself as the leading platform for trading of various assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With minimum investments of merely $10, users can effortlessly opt for long or short positions on their preferred asset class, making it an ideal platform for traders of all interest and risk appetite levels.
For more visit:
Website: nftfn.xyz
Telegram: https://t.me/nftfnofficial
Twitter: https://twitter.com/nftfnofficial
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