NFTFN, the pioneering order-book-based NFT Perpetual DEX, celebrated a significant achievement on July 1st. They surpassed 1500 users on their testnet, a testament to the growing interest in their innovative solution for the NFT market.
This thriving community is actively participating, as evidenced by the healthy volume of trading activity (over 6,500 trades) and significant engagement with the platform’s native token, $NFTFN (over 75,000 Vol(SNV)). Deep liquidity, ensured by over 300,000 Vol(WETH), further bolsters the platform’s ability to smoothly execute trades.
In April, NFTFN secured $500,000 through its initial fundraising phase. This achievement, involving the distribution of 10 million $NFTFN tokens at $0.025 each over ten days, demonstrates the strong investor backing for NFTFN’s vision and technology.
“The completion of our first phase not only signifies a strong start but also reinforces our commitment to democratizing access to the NFT market. We are overwhelmed by the community’s support and look forward to continuing our momentum in the second phase.”
Abhishek Kumar, Co-founder & CMO of NFTFN
Notably, renowned firms like Alpha Wave Global, Polygon, and Pivot are among their esteemed investors.
About NFTFN
NFTFN is aiming to revolutionize the NFT market by addressing key challenges that limit accessibility and participation. Despite its impressive growth, the NFT market faces hurdles:
- High Entry Costs: Premium NFT collections are often prohibitively expensive for many investors.
- Complexity for Newcomers: Buying and selling NFTs on secondary markets can be daunting for new entrants.
- Limited Hedging Options: The lack of readily available tools to hedge against market volatility creates risk for investors.
NFTFN tackles these issues head-on with their flagship product, SuperNova (SNV). SuperNova empowers users to:
- Gain Affordable Exposure to Top NFTs: Participate in coveted collections like BAYC, MAYC, Azuki, Doodles, and CloneX without the high cost of individual NFTs.
- Hedge and Manage Risk: Utilize SuperNova’s tools to hedge investments in various Blue-Chip NFT collections, mitigating risk in a volatile market.
- Increased Liquidity: SuperNova’s NFT floor-price perpetual addresses the challenge of limited liquidity in the NFT ecosystem.
