Cointime

Cointime

Download App
iOS & Android

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

Cointime Official

NFEX has completed a $3 Million seed round led by ABCDE Capital and included investment from other well-known institutions including Amber Group and Firestone Ventures. NFEX strives to build the best derivative NFT market, creating new opportunities to attract greater liquidity to the NFT marketplace.

What is NFEX?

NFEX is a decentralized derivatives exchange that offers perpetual swaps trading across popular blue chip NFTs and other crypto assets. NFEX 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.

BMAN, the co-founder and GP at ABCDE Capital commented in a previous interview, expressing his concerns over the lack of liquidity in 99.99% of the existing NFT projects and his confidence in innovative products like NFEX to bring a reform to this industry.

“NFEx’s vision is to build the liquidity center for the NFT industry. The founders of the team have extensive experience in building exchanges and providing liquidity for new asset classes. We believe they are the most capable candidates for this product.”

The public launch of NFEX is around the corner. Please follow our twitter for the most recent updates.

About ABCDE Capital:

ABCDE is a 400mm fund investing in web3 builders co-founded by Huobi co-founder Du Jun and former Internet & crypto founder BMAN. We are builders, entrepreneurs, influencers and the most valuable partners behind the builders. We have our teams in Silicon Valley, Singapore and Beijing bridging the ecosystems of the east and west. Our LPs and partners include the world’s leading cryptocurrency exchange and well-known infrastructures in the crypto industry. We hand on to support builders from end to end from marketing, community relations to engineering and ecological construction.

About Amber Group

Amber Group is a leader in digital asset trading, products, and infrastructure. We work with companies ranging from token issuers, banks, and fintech firms, to sports teams, game developers, brands, and creators. Operating at the center of markets, we provide liquidity across all major exchanges, applications, and networks. Across all products and categories, we have turned over $1T in volumes since inception. Our core value is building 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, individual investors enjoy secure, award-winning investing services including app & web trading, fixed income and structured products.

Amber Group NFT
Comments

All Comments

Recommended for you

  • Zhipu Launches and Open Sources GLM-5.3-Flash

    On August 26, Zhipu launched and open-sourced GLM-5.3-Flash (320B-A18B), the first native multimodal model in the GLM-5 series. It features a total of 320 billion parameters and surpasses GLM-5.2, achieving a score of 57 on the globally recognized Artificial Analysis Intelligence Index (AA Comprehensive Intelligence Index), placing it among the leading models worldwide, on par with Anthropic's popular model Claude Opus 4.8. In the self-developed Z.ai Code Bench evaluation, its programming performance is comparable to that of Claude Opus 4.8. Additionally, GLM-5.3-Flash is priced at 1/10 of GLM-5.3, and during a limited-time discount, it is priced at 1/20 of GLM-5.3, which is 1/40 of Opus 4.8. The same intelligence at 1/40 the price, cutting-edge capabilities without the need to hold back.

  • Zhipu Launches and Open Sources GLM-5.3-Flash

    On August 26, Zhipu launched and open-sourced GLM-5.3-Flash (320B-A18B), the first native multimodal model in the GLM-5 series. It has a total of 320 billion parameters and surpasses GLM-5.2, achieving a score of 57 in the globally recognized Artificial Analysis Intelligence Index (AA Comprehensive Intelligence Index), placing it among the leading models worldwide, on par with Anthropic's popular model Claude Opus 4.8. In the self-developed Z.ai Code Bench evaluation, its programming performance is comparable to that of Claude Opus 4.8. Meanwhile, GLM-5.3-Flash is priced at 1/10 of GLM-5.3, and during a limited-time discount, it is available for 1/20 of GLM-5.3's price, which is 1/40 of Opus 4.8's price. The same intelligence, at 1/40 the cost, provides cutting-edge capabilities without the need to hold back.

  • Ethereum Developers Propose Restructuring Validator Staking Contract to Prepare for Quantum Attacks

    On August 26, Ethereum researchers proposed a draft to rebuild the validator deposit contract in preparation for the future introduction of quantum-resistant signature mechanisms, allowing for a gradual phase-out of the existing BLS signature format. This proposal enables the deposit contract to support keys of different sizes and public key types, assigning labels for each cryptographic scheme, with the current BLS signature labeled as 0 and potential future quantum-resistant schemes receiving new labels. Currently, approximately 42.4 million ETH, worth around $10.4 billion, are staked in Ethereum, all relying on BLS validator keys. This draft is still in its early stages and must be implemented alongside subsequent consensus layer upgrades, with the Ethereum Foundation's overall quantum resistance roadmap targeting around 2029.

  • Ethereum Developers Propose Restructuring Validator Staking Contract to Prepare for Quantum Attacks

    On August 26, Ethereum researchers proposed a draft to rebuild the validator deposit contract in preparation for the future introduction of quantum-resistant signature mechanisms, allowing for a gradual phase-out of the existing BLS signature format. This proposal enables the deposit contract to support keys of different sizes and public key types, assigning labels for each cryptographic scheme, with the current BLS signature labeled as 0, and future quantum-resistant schemes to be assigned additional labels. Currently, approximately 42.4 million ETH, valued at around $10.4 billion, are staked in Ethereum, all relying on BLS validator keys. The draft remains in its early stages and must be implemented alongside subsequent consensus layer upgrades, with the Ethereum Foundation's overall quantum resistance roadmap targeting around 2029.

  • Spot Gold Falls Below $4600/Ounce

    On August 26, spot gold fell below $4600 per ounce, declining by 1.30% during the day.

  • Spot Gold Falls Below $4600/Ounce

    On August 26, spot gold fell below $4600 per ounce, declining by 1.30% during the day.

  • SEC Submits New Crypto Custody Regulations Proposal to White House

    On August 26, Bloomberg reported that the U.S. Securities and Exchange Commission (SEC) has submitted a proposal to the Office of Management and Budget (OMB) regarding new regulations for investment advisors holding client digital assets. The rule aims to 'clarify the framework for investment advisors and investment companies to custody crypto assets,' addressing inquiries from institutions on how to comply with the custody of digital assets. It plans to eliminate certain existing custody requirements that are considered 'outdated' due to market evolution and current trading and custody practices. This proposal is seen as a step by financial regulators to advance the current administration's crypto agenda while relevant legislation remains stalled in the Senate. It will take effect after review by the OMB, a vote by SEC commissioners, and a public comment period.

  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,983.75, with a 24-hour decline of 1.03%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $78,000

    Market data shows that BTC has fallen below $78,000, currently priced at $77,983.75, with a 24-hour decline of 1.03%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Alibaba Qwen Releases Qwen 3.8-Flash Model

    On August 26, Alibaba Qwen launched the Qwen 3.8-Flash model, which is a multimodal MoE model and an early preview of the Qwen 4 architecture. The production version of Qwen 3.8-Flash will soon be available through the Qwen Cloud API, priced at just $0.16 per million input tokens and $0.47 per million output tokens. The model features 125 billion parameters plus 51 billion N-gram embedding parameters, but activates only 6 billion parameters per token, achieving high cost-effectiveness.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company