NFEX Raises $3M to Build NFT Derivatives DEX, Boosting Liquidity

• NFEX has completed a $3 Million seed round of investment from ABCDE Capital, Amber Group and Firestone Ventures.
• NFEX is a decentralized derivatives exchange that offers perpetual swaps trading across popular blue chip NFTs and other crypto assets.
• The public launch of NFEX is around the corner.

NFEX Raises $3M Seed Round to Build NFT Derivatives DEX

What Is NFEX?

NFEX is a decentralized derivatives exchange that offers perpetual swaps trading across popular blue chip NFTs and other crypto assets. It expands limitations and boosts liquidity compared to traditional NFT marketplaces, offering leverages and long/short trading capabilities. Users can take positions in NFTs at low entry costs, speculating the future prices in either direction or shorting NFTs without any holdings. This opens up a variety of trading strategies for NFT traders including hedging, speculation and arbitrage.

Investment Round Details

NFEX has completed a $3 Million seed round led by ABCDE Capital with further investments from Amber Group and Firestone Ventures. BMAN, the co-founder and GP at ABCDE Capital expressed his concerns over the lack of liquidity in 99.99% of existing NFT projects as well as his confidence in innovative products like NFEX to bring about reform in this industry.

Public Launch Coming Soon

The public launch of NFEX is around the corner – please follow their Twitter for more updates!

About ABCDE Capital & Amber Group

ABCDE is a 400mm fund investing in web 3 builders co-founded by Huobi co-founder Du Jun and former Internet & crypto founder BMAN, operating from Silicon Valley, Singapore & Beijing to bridge east & west ecosystems with support from top cryptocurrency exchanges & infrastructure firms. Amber Group provides digital asset trading products & infrastructure working with token issuers, banks, fintech firms, sports teams, game developers, brands & creators providing liquidity across all major exchanges applications & networks.

Conclusion

NFEx strives to build the best derivative NFT market creating new opportunities to attract greater liquidity to the space – watch this space for its upcoming public launch!