Category: News, NFT News

NFTFN Joins Pivot’s Web 3.0 Acceleration Program, Aiming to Revolutionize NFT Perpetual Trading

Startups ByStartupStory     |    February 5, 2024 Web3 investment platform, NFTFN, has […]

Startups

Web3 investment platform, NFTFN, has been selected to participate in Pivot’s prestigious Web 3.0 acceleration program, a move set to propel the company to new heights in the decentralized finance (DeFi) space. Pivot, a global Web3 venture accelerator, is known for its commitment to supporting companies navigating the intricate Web 3.0 landscape.

NFTFN, currently active on the Polygon Testnet, is making waves with its proprietary NFT-index, ‘SuperNova (SNV).’ The index is positioned to become the preferred choice for traders seeking exposure to the most liquid NFTs, offering up to 10X leverage.

Vikas Singh, Co-Founder of NFTFN, expressed his enthusiasm, stating, “NFTFN’s selection for Pivot accelerator marks a monumental milestone in our journey. With Pivot’s backing, we are set to revolutionise the Bitcoin Ordinals Perp and NFT perpetual markets, embodying our dedication to innovation and excellence, and heralding a new era in NFT perpetual trading.”

Anshul Dhir, Founder of Pivot, echoed the excitement, commenting, “We are absolutely thrilled to welcome Team NFTFN as the first project into the Pivot family! The team at NFTFN is a dynamic, all-star force, and we are excited to embark on this exciting journey with them. We look forward to achieving greater heights together in the Web 3.0 landscape and making NFTFN a name to reckon with in the NFT perp business.”

Pivot’s acceleration program will be instrumental in shaping NFTFN’s path, focusing on key milestones such as product development, compliance, tokenomics, team building, go-to-market (GTM) strategy, funding, and other critical aspects. The ultimate goal is to establish NFTFN as a leader in the NFT perpetual segment within the rapidly evolving DeFi space.

The intersection of Bitcoin and non-fungible tokens (NFTs) is gaining attention, fueled by recent ETF launches. This convergence is creating new opportunities for creative expression and digital ownership. Reports suggest that the market for Bitcoin NFTs is poised to reach approximately $5 billion, indicating substantial growth in this emerging sector.

NFTFN’s innovative approach and participation in Pivot’s acceleration program underscore the dynamism and potential of the NFT perpetual trading market. With SuperNova leading the way, NFTFN aims to contribute significantly to the ongoing evolution of the Web 3.0 landscape.

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