Press release
PRESS RELEASE. NFEX completed a $3 million seed round led by ABCDE Capital and included investments from other well-known institutions, such as Amber Group and Firestone Ventures. NFEX strives to build the best NFT derivatives market, creating new opportunities to attract more liquidity to the NFT market.
What is NFEX?
NFEX is a decentralized derivatives exchange that offers perpetual trades across popular top-notch NFTs and other crypto assets. NFEX expands limitations and increases liquidity compared to traditional NFT markets, offering leverages and long/short trading capabilities. Users can take positions in NFTs at low entry costs, speculating on future prices in either direction or shorting NFTs without holdings. This opens up a variety of trading strategies for NFT traders including hedging, speculation, and arbitrage.
BMANthe co-founder and GP of ABCDE Capital commented in a previous interview, expressing his concern about the lack of liquidity in 99.99% of existing NFT projects and his confidence in innovative products like NFEX to reshape this industry.
“NFEx’s vision is to build the liquidity hub for the NFT industry. The founders of the team have extensive experience building exchanges and providing liquidity for new asset classes. We believe they are the most capable candidates for this product.”
The public release of NFEX is just around the corner. please follow our twitter for the most recent updates.
About ABCDE Capital:
A B C D E is a 400mm fund investing in web3 builders co-founded by the co-founder of Huobi you together and former internet and crypto founder BMAN. We are builders, entrepreneurs, influencers and the most valuable partners behind builders. We have our teams in Silicon Valley, Singapore and Beijing bridging the ecosystems of the east and the west. Our LPs and partners include the world’s leading cryptocurrency exchange and well-known infrastructures in the cryptocurrency industry. We continue to support builders from start to finish, from marketing, community relations, to green engineering and construction.
About Grupo Amber
amber group is a leader in trading digital assets, products and infrastructure. We work with companies ranging from token issuers, banks and fintech firms to sports teams, game developers, brands and creators. By operating in the center of the markets, we provide liquidity on all major exchanges, apps and networks. Across all products and categories, we have billed $1 billion in volumes since inception. Our core value is building strong relationships with our clients; helping them buy and sell digital assets, earn returns, manage risk and access liquidity. Through our consumer fintech platform, WhaleFin, individual investors enjoy secure, award-winning investment services, including web and app trading, fixed income, and structured products.
To learn more about NFEX, you can read our previous blog Link here.
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