(PRESS RELEASE – San Francisco, California, December 14, 2023)
Round led by 1kx, with the participation of Maven 11, Mechanism Capital and Notable Angels
nftperp, the first nft perpetual futures DEX, today announces the closing of its Series A round totaling $3 million. nftperp provides users with a seamless, efficient, and decentralized platform to take floor long or short positions on select top-of-the-line nft collections. Through its sophisticated open source protocol, nftperp combines the reliability of a decentralized limit order book with the autonomy of an automated market maker. Furthermore, nftperp is also pleased to announce that the release of its long-awaited v2 is just around the corner and promises to bring additional innovative features and improvements.
The round was led by 1kx, with participation from investors such as Maven 11 and Mechanism Capital, and influential angel investors such as Spencer of Spencer Ventures, Gmoney, David Choi of MetaStreet, Nick Emmons of Upshot, and Jonathan Gabler of NFTfi.
“We are excited about nftperp's mission to bring perpetual futures to illiquid assets, enabling better price discovery, hedging, and an overall increase in the potential nft user base,” 1kx said. “We are proud to support them in this next phase of growth.”
“We are very excited to back the nftperp team again,” added Mathijs van Esch, General Partner at Maven 11. “As the non-fungible token market continues to grow, having the ability to hedge, take sides and value assets in “Efficient becomes increasingly important. We think nftperp is the best place for users to do this and we have been very impressed with the entire team over the last year.”
At its core, nftperp aims to foster a robust nft marketplace beyond buying, selling, and holding, allowing merchants to set long or short nft collection prices, giving retail users access to top-of-the-line collections that They were previously inaccessible. By providing the ability to long and short NFTs in an increasingly illiquid market, nftperp enables the next iteration of nft ecosystems to extract deeper utility from the market while gaining exposure to the most notable collections. .
With this increase, nftperp will continue to unlock a new set of possibilities for retail nft traders, new and experienced collectors, and institutional investors.
“Decentralized derivatives trading has grown rapidly in recent years for fungible tokens and we expect that trend to continue with NFTs. We expect nftperp to be the winner in this massive sector,” said Marc Weinstein, partner at Mechanism Capital.
“We are more than grateful for the support of investors. But this round isn't just about capital; It represents a collective belief in nftperp's mission and our thesis on nft finance,” said nftperp founder 0xJose. “This fundraiser sets the stage for larger milestones. “We are excited to continue innovating and challenging the status quo.”
Currently, paper trading is active on nftperp. Traders can familiarize themselves with the platform before trading with real funds in version 2.
To start paper trading on nftperp, users can visit nftperp.xyz or go to nftperp discord Learn more.
About nftperp:
nftperp, the leading nft perpetual protocol, is an open source DeFi protocol built for all Web3 users. Our mission is to create a comprehensive ecosystem of products that drive the financialization of NFTs, with our core product being a decentralized perpetual futures exchange. After reaching over $500 million in volume in our version 1, we are excited to announce that version 2 is just around the corner.
For more information: Website | Twitter | GitHub
Contact
Growth Director
Ryan Clark
nftperp
[email protected]
Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures for the first month (terms).
<!– ai CONTENT END 1 –>
