With gains ranging from 40-60% Solana, Ripple, and Cardano have been ruling the NFT market for a while now.
The next big token that is shaking up the crypto world is the NFT by NFTFN – SuperNova. NFT (Non-fungible Tokens) are unique tokens that exist on a blockchain. They are rare & unique and they have redefined the way of property and art ownership. NFTs have a huge number of assets under their umbrella from art, and collectibles to even digital real estate.
Emerging of the Titan – SuperNova
NFTFN’s first flagship product SuperNova has plans to disrupt the limitations like high entry costs, buying and selling NFTs on secondary markets, and lack of hedging mechanisms of the traditional NFT market. Traders are also exposed to the market’s inherent volatility, creating a sense of uncertainty and risk.
With an NFT floor-price index, SuperNova will allow traders to hedge their positions on various Blue-Chip NFT collections and participate in the market without the burden of managing individual NFTs.
SuperNova aims to provide low-cost exposure to premium NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX. By offering an NFT floor-price perpetual, traders will experience diversified exposure to the market & it will address the liquidity issues in the NFT ecosystem.
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The NFTFN thinking
The introduction of various indexes can indeed enhance liquidity and accessibility. Identifying blue-chip projects in the NFT space can be challenging due to the rapid development of new projects. NFTFN conducts extensive research into various aspects, including the team, artist, community, utility, trading volume, presence, and security, to avoid scams.
The NFT market is highly volatile traders have no protection from this price volatility. The presence of benchmark indices will help mitigate the risk of NFTs. Armed with these tools traders get exposed to greater diversification and precise position sizing in financial portfolios.
With the clarity of a seasoned trader & strong industry support NFTFN plans to democratize the NFT space, improve liquidity, and provide an inclusive and rewarding experience.
SuperNova being an index, will bring a diversified introduction to the NFT market, spreading the risk across multiple NFTs and reducing the harsher impact of underperformance or volatility of any single NFT.
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
