New Delhi, 24th April 2024: NFTFN, a fintech entity in the web3 arena, has successfully completed the initial phase of its fundraising, securing $500,000 by distributing 10 million $NFTFN tokens at $0.025 each over ten days.
The initiative has now progressed to its second phase, where it aims to distribute an additional 25 million tokens at $0.030 each, due to the enthusiastic reception from the initial phase.
Abhishek Kumar, Co-founder & CMO of NFTFN, reflected on the success, stating, “The completion of our first phase not only signifies a strong start but also reinforces our commitment to democratizing access to the NFT market. We are overwhelmed by the community’s support and look forward to continuing our momentum in the second phase.”
Vikas Singh, another Co-founder & CEO of NFTFN, commented, “This significant early success lays a solid foundation for the stages to come. We are deeply encouraged by the market’s response and are gearing up to enhance our platform’s capabilities significantly. The upcoming phase is critical as we expand our offerings and further integrate with key industry players to bring unparalleled value to our token holders.”
NFTFN is addressing key obstacles in the NFT landscape, including high entry costs and a lack of essential hedging and risk management tools. Its flagship initiative, SuperNova (SNV), is a Perp DEX targeting Blue-Chip NFTs that allows participants to engage in price speculation on premier collections like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), Azuki, Doodles, & Clone X without direct asset ownership.
The platform has received backing from notable figures including Sandeep Nailwal, co-founder of Polygon, and has formed alliances with industry leaders such as Binance Smart Chain and Polygon. These partnerships highlight the platform’s strategic focus on sustainable growth and market stability, supported by a tokenomics strategy that allocates only 20% of the total token supply for public distribution to minimize market fluctuations.
The second phase of the initiative has already attracted considerable interest, with over 1.7 million tokens distributed promptly. NFTFN plans to raise an additional $750,000 during this phase, reinforcing its position to capitalize on the expanding global NFT market.
NFTFN envisions itself as a comprehensive perpetual trading hub, aptly named “Trade Everything Perps,” intended to extend the range of assets available for perpetual trading beyond NFTs to include cryptocurrencies, ordinals, and real-world assets (RWAs).
About NFTFN:
NFTFN is a pioneering Perpetual platform, envisioning a comprehensive hub for perpetual trading, aptly named “Trade Everything Perps.”
Their mission is to establish a universal perp trading platform that transcends traditional boundaries, catering to a diverse range of asset classes, including NFTs, Cryptocurrencies, Ordinals, RWAs, and beyond.
Socials:
Website – https://www.nftfn.xyz/
Discord – https://discord.gg/TzUHyqc5sw
Twitter – https://twitter.com/nftfnofficial
Telegram – https://t.me/nftfnofficial
YouTube – https://www.youtube.com/@nftfnofficial
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