The non-fungible token (NFT) market has been experiencing explosive growth, reaching a market cap of 10 billion in 2023. It is projected to hit 230 billion by 2030. NFT has redefined the way we interact with digital assets. NFTs represent digital items, such as artwork, collectibles, virtual real estate, and more. Using blockchain technology to ensure the authenticity and scarcity of these items NFTs have changed the way buy and experience digital art.

Supernova – NFTFN’s brainchild of innovation

Traditional NFT trading has a lot of barriers that hinder widespread participation. These include high entry costs, complexities in buying and selling, and a lack of risk management tools.

NFTFN’s SuperNova (SNV) aims to address these issues by offering a cost-effective solution that enables investors to engage in the NFT market more easily. Supernova initiates an NFT floor-price index, allowing traders to hedge their bets on various blue-chip NFT collections without managing any individual tokens. 

This index brings diversified exposure to the NFT market, reducing risk from underperformance or volatility in any single NFT.

Empowerment in NFT Trading with SuperNova

NFTFN’s first flagship product, SuperNova (SNV)  offers an NFT floor-price index. As an NFT-based perpetual DEX, it will offer synthetic exposure to Blue-Chip NFTs, allowing users to speculate on their floor prices while generating passive fees and improving price discovery in the NFT market. By offering a diversified exposure to the NFT market, it will allow investors to hedge their risks and potentially reap significant rewards.

SuperNova incorporates an orderbook exchange, multi-token margin, up to 10x leverage, exposure to multiple blue-chip NFTs, and a low entry barrier.

The High Entry Cost Barrier

One significant barrier is the high entry cost, which often excludes average investors from accessing premium Blue-Chip NFT collections. Navigating the complexities of buying and selling NFTs limits market accessibility & a lack of readily available hedging mechanisms leaves investors vulnerable to the market’s inherent volatility, creating a sense of uncertainty and risk.

The NFTFN Plan

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. It will also provide traders with low-cost exposure to premium NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX, allowing them to hedge their positions on various Blue-Chip NFT collections without the burden of managing individual NFTs.

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The Roadmap to Sustainable NFT Trading:

With a well-defined and explicit roadmap, NFTFN reveals its commitment to building a sustainable trading environment. It encompasses immediate improvements like support for cross-margin and transitioning to on-chain order matching. 

In the long term, NFTFN plans to roll out various indexes that cater to different investor risk profiles & explore avenues to connect NFTs with real-world assets, a step that could revolutionize the landscape of digital asset trading.

About NFTFN:

NFTFN positions itself as the leading platform for the unending trading of various assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With an investment threshold as low as $10, users can conveniently take either long or short positions on the asset class of their choice, making it a suitable platform for traders across all levels.

For more visit:

• Website: www.nftfn.xyz
• Telegram: t.me/nftfnofficial
• Twitter: twitter.com/nftfnofficial