NFT Derivative DEX NFEX Secures $3 Million Seed Round Financing
On February 15, it was reported that NFT derivative DEX NFEX had completed a seed round financing of US $3 million, which was led by ABCDE Capital and particip…
On February 15, it was reported that NFT derivative DEX NFEX had completed a seed round financing of US $3 million, which was led by ABCDE Capital and participated by Amber Group and Firestone Ventures.
NFT derivatives DEX NFEX completed US $3 million financing
Analysis based on this information:
NFT derivative DEX NFEX has made headlines on February 15, following its successful completion of a $3 million seed round financing. The funding was led by ABCDE Capital, a venture capital firm based in Singapore, and participated by Amber Group and Firestone Ventures.
The NFT market has been rapidly growing in recent years, with the value of NFT sales reaching $2.5 billion in 2020, and the trend is expected to continue in 2021. NFEX is a decentralized exchange that focuses on trading NFT derivatives which allow investors to speculate on the value of NFTs without actually owning them. This platform offers users the opportunity to invest in NFTs without the need for hefty transaction fees, and it eliminates the need for expensive NFT storage solutions.
The seed round financing will reportedly be used to expand NFEX’s product offerings and improve its infrastructure. The company has already made significant progress in the development of its platform, unveiling the NFEX MVP (minimum viable product) in December 2020, and securing partnerships with top-tier blockchain infrastructure providers such as Chainlink and Band Protocol.
The participation of industry-leading investors such as ABCDE Capital, Amber Group, and Firestone Ventures is a testament to the potential of NFEX and its vision for a decentralized NFT derivative exchange. This funding round is expected to help not only accelerate the growth of NFEX’s platform but also the development of the NFT market as a whole.
In conclusion, the seed round financing secured by NFEX indicates the continued interest and potential of the NFT market. NFEX’s focus on NFT derivatives may be an attractive option for investors looking to enter the NFT market without the need for high entry barriers. With the support of leading investors and its commitment to innovation, NFEX is poised to become a major player in the NFT industry.
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/15/nft-derivative-dex-nfex-secures-3-million-seed-round-financing/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Yellen Addresses Potential Bank Failures in Silicon Valley
According to reports, US Treasury Secretary Yellen said that any bank failure would constitute \”obvious concern\”. The US banking system is safe, capital is suff
-
“The Phenomenon of Whales in Cryptocurrency Trading – A Closer Look at Ash Monitoring’s Findings”
According to reports, according to Ash Monitoring, a giant whale used 1.24 million USDC to purchase 500000 BLURs from Amber again. The whale has currently spent
-
Ethereum Destruction in Coinbase L2’s “Base” NFT Reaches New High in 24 Hours
On February 24, it was reported that the destruction of Ethereum in the \”Base\” NFT of the Coinbase L2 network had reached 403.06 ETH, surpassing Blur (336.67 E…
-
Market Sentiment Remains Low as Panic and Greed Index Stays at 33
It is reported that today\’s panic and greed index is 33 (yesterday\’s 33), and the panic level is the same as yesterday\’s, and the level is still panic.
Today\’s -
Gray Scale’s Trust Premium and Its Position in the Crypto Market
It is reported that the on-chain data shows that the current total position of gray scale is up to 20.51 billion US dollars, and the trust premium rate of main…
-
MicroStrategy’s Stock Surges by 140% in 2021
According to reports, MicroStrategy\’s stock MSTR has risen by approximately 140% so far this year, reaching $350 per share, the highest level since September la
-
Arrest of Do Kwon and Partner Han Chang-joon in Montenegro Over Passport Fraud Suspicions
According to reports, Montenegrin prosecutor Haris Š aboti ć Said that the trigger for the arrest of Do Kwon was not the red wanted warrant issued by Interpol, but rather the suspi
-
OPNX responds to various institutions: seeking economic benefits while fearing public opinion pressure, feeling disappointed with its false statements
On April 22nd, OPNX posted a response on social media regarding multiple institutions denying investment in OPNX, stating that OPNX\’s core value is transparency, so we have disclos
-
Former Gemini Trust Co Senior Executive under Criminal Investigation for Misleading Statements
On February 14, according to a court document, the former senior executive of Gemini Trust Co, a crypto exchange, was the subject of a criminal investigation t…
-
BTC Dominance Rate Increases to 48% – What Does This Mean for the Future of Cryptocurrencies?
According to reports, data from TradeView shows that the BTC dominance rate has increased from 42% in the first quarter to 48%, and it has been difficult to exc