Blast Ecosystem

nftperp’s core product is a decentralized exchange to long or short blue chip NFT projects such as BAYC, CryptoPunks and more.For example, Bob owns an ape with a floor price of 100ETH. He wants to lower his downside risk but he doesn’t want to sell his precious ape. He found out about nftperp and opened a 100ETH short position on the exchange.If the floor price of BAYC drops to 90ETH, his ape is now worth the value of 90ETH but he can now close his short position with a 10ETH profit.Instead of losing 10ETH with the floor price drop Bob can now hedge his position with no value lost. And if the floor price of BAYC increases to 110ETH, Bob would have a loss of 10ETH on his short position but his bored ape is now worth 10ETH more.

December 14, 2023, nftperp, the first NFT perpetual futures DEX, today announces the close of its Series-A round totaling $3 million. The round was led by 1kx, with participation from investors including Maven 11 and Mechanism Capital, and influential angel investors such as Spencer of Spencer Ventures, Gmoney, David Choi of MetaStreet, Nick Emmons of Upshot, Jonathan Gabler of NFTfi.nftperp is an open-source defi software created for all web3 users. nftperp's core product is a decentralized exchange to long or short blue chip NFT projects such as BAYC, CryptoPunks and more.For example, Bob owns an ape with a floor price of 100ETH. He wants to lower his downside risk but he doesn’t want to sell his precious ape. He found out about nftperp and opened a 100ETH short position on the exchange.If the floor price of BAYC drops to 90ETH, his ape is now worth the value of 90ETH but he can now close his short position with a 10ETH profit.Instead of losing 10ETH with the floor price drop Bob can now hedge his position with no value lost. And if the floor price of BAYC increases to 110ETH, Bob would have a loss of 10ETH on his short position but his bored ape is now worth 10ETH more.

nftperp

nftperp is a perpetual futures exchange for NFTs.

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Yuga Labs co-founder Greg Solano aided the recovery of stolen NFTs by paying a 120 Ether bounty.

CryptoPotato

Major NFT Recovery: 36 BAYC and 18 MAYC Tokens Successfully Restored

Nftperp made a significant announcement regarding the closure of its V1 private beta and the upcoming launch of V2 paper trading.
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Coincu News

CoinCu News

Nftperp Shuts Down V1 Beta, Promising Thrilling Launch Of V2

nftperp

Latest nftperp News and Social Media Feed

Major NFT Recovery: 36 BAYC and 18 MAYC Tokens Successfully Restored

Nftperp Shuts Down V1 Beta, Promising Thrilling Launch Of V2