Crypto Exchange Injective introduces BayC Perpetuals in the middle of the heated NFT market

Crypto Exchange Injective introduces BayC Perpetuals in the middle of the heated NFT market

The crypto derivate exchange injective Pro announced on Thursday that it listed permanent contracts based on Bored Ape Yacht Club NFTS to make it more accessible to the average investor.

The stock exchange also said that it was the "first" ever that has launched an unlimited NFT minimum price (non-fungable token) through its BayC notification, so A Explanation .

crypto perpetuals are a form of derivative agreements that enable investors to buy or sell a digital asset for a certain amount at an indefinite point in the future. They differ from futures contracts by making it possible for a person to keep the contract indefinitely.

The demand for NFTS has increased significantly in recent years. The Bored Ape NFTS-which was founded last year by the parent company Yuga Labs-continued to support the passion for many investors that were founded on the Ethereum Blockchain-which was founded last year by the parent company Yuga Labs.

The minimum price for a single bored ape nft for immediate purchase is 127.7 ETH or about $ 378,000, according to the minimum price of the project Open Sea .

The latest Perpetuals from Injective Pro will try to reduce the entry barrier by offering private investors the opportunity to speculate on the minimum price of NFT collections without the underlying asset.

"Just like NFTS, we believe that users can benefit from this innovative technology with an intuitive product and an education about the true value of an indefinite NFT market, without having to know all the subtleties of functioning of perpetrators," Injective CEO Eric said block works.

users can run long or short positions of a certain NFT project from $ 1. This would enable more users to engage in high-quality assets or to secure themselves against the volatility of the NFT market, said Injective.

"NFTS are still in a phase in which price points prevent many people from joining these communities," said Chen. "That is why we selected BayC as the first project, which is listed in an indefinite NFT floor market on Injective Pro. We wanted to reduce the entry barrier in order to participate in projects whose value understand the people who are also prevented from entering due to the price."

Injective Pro, the first major decentralized application that builds on the injective blockchain, offers cross-chain margin trade, derivatives and forex futures trading, including perpetuals.

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The contribution Crypto Exchange Injective introduces BayC Perpetuals in the middle of the heated NFT market, is not financial advice.