Press Release
Press Release NFEX has completed a $3 million seed round led by ABCDE Capital and including investments from other notable institutions including Amber Group and Firestone Ventures. NFEX is committed to building the best derivative NFT market and creating new opportunities to attract greater liquidity to the NFT market.
What is NFEX?
NFEX is a decentralized derivatives exchange offering perpetual swap trading across popular blue chip NFTs and other crypto assets NFEX offers expanded limits, increased liquidity, leverage and long/short trading capabilities compared to traditional NFT markets. Users can take NFT positions with low entry costs, speculate on future prices in either direction, or sell short without holding NFTs. This allows NFT traders to engage in a variety of trading strategies, including hedging, speculation, and arbitrage.
BMAN In a previous interview, BMAN, co-founder and GP of ABCDE Capital, expressed concern about the lack of liquidity in 99.99% of existing NFT projects and commented that he has faith in innovative products like NFEX to bring reform to this industry. He commented that he has faith in them.
“The vision of NFEx is to build a liquidity center for the NFT industry. The founders of the team have extensive experience in building exchanges and providing liquidity to new asset classes. We believe they are the most qualified candidates for this product.”
About ABCDE Capital
ABCDE is a $400mm fund investing in Web3 builders co-founded by Huobi co-founderDu Jun, and co-founded by former Internet&crypto founder BMAN. We are the most valuable partner supporting builders, entrepreneurs, influencers, and builders. We have teams in Silicon Valley, Singapore, and Beijing, bridging the East-West ecosystem. Our LPs and partners include the world’s leading cryptocurrency exchanges and renowned crypto industry infrastructure. We reach out to support builders end-to-end, from marketing and community relations to engineering and ecological construction.
About Amber Group
Amber Groupis a leader in digital asset trading, products, and infrastructure. We work with companies ranging from token issuers, banks, and fintech companies to sports teams, game developers, brands, and creators. Operating at the heart of the market, we offer liquidity on all major exchanges, applications and networks. Across all products and categories, we have recorded over $1 billion in trading volume since inception. Our core value is to build strong relationships with our clients, helping them buy and sell digital assets, earn yield, manage risk, and access liquidity. Through our consumer fintech platform, WhaleFin, retail investors enjoy secure, award-winning investment services, including app&and web trading, bonds, and structured products.
For more information on NFEX, please visit the links in our previous blog
This is a press release. Readers should exercise their own due diligence before taking any action related to the advertised company or its affiliates or services. or for any damage or loss caused or alleged to be caused, directly or indirectly.
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