Wait, NFT perpetuals? Yes, that’s right! With Futureswap V4 you’ll be able to trade leveraged perpetuals on CryptoPunks and any other NFTs! This is due to NFTX’s game-changing fractionalized NFT marketplace where you can buy and sell NFTs instantly. Futureswap V4 was engineered to push the boundaries of what’s possible and what better way to kick it off than with CryptoPunk perpetuals.
All NFTs will be supported via fractionalization starting with CryptoPunks and then expanding based on what the community decides to vote in. Traders will be able to go long and short with leverage on whatever NFT they want. Not only does this add value to fractionalizing NFTs via passive fee generation, but it also improves price discovery and the integrity of the underlying NFT market.
It is all too common to hear, “CryptoPunks are worthless!” Now, these pessimists will be able to put their money where their mouth is and take a short position on them. Or maybe you think Loot is going to the moon? 30x leverage can take you there before it reaches the moon.
Futureswap V4 aims to offer completely permissionless market creations shortly after launch. This change to permissionless markets will be voted on by FST holders. Until that time, NFT markets can be voted in by the governance contract. Anyone can submit a potential NFT market using the governance portal.
We are excited to partner with NFTX to offer perpetuals on any NFT. Futureswap V4 will help bring in a new era of price discovery for artists and the NFT markets as a whole. The protocol has been built to have maximum flexibility and having leverage on NFTs is just the start! We can’t wait to see what else the community will build on top of Futureswap.
Join the revolution: Futureswap community Discord!