NFTFN Secures $500k in Phase One Funding, Gears Up for Phase Two Fundraising

NFTFN, a web3 fintech company, successfully raised $500,000 in its initial funding phase by distributing 10 million $NFTFN tokens. The second phase is underway, aiming to raise $750,000 through the distribution of 25 million tokens. NFTFN's SuperNova (SNV) platform enables price speculation on blue-chip NFTs without asset ownership, addressing obstacles in the NFT market. Backed by industry leaders and with a strong emphasis on tokenomics, NFTFN plans to expand its platform's capabilities, integrating with key players to provide value to token holders.

NFTFN Secures $500,000 in Phase One Funding, Supercharges Fundraising Drive with Phase Two

NFTFN, a trailblazing fintech entity in the burgeoning Web3 arena, has triumphantly concluded the initial phase of its fundraising campaign, securing an impressive $500,000 by distributing 10 million $NFTFN tokens at an attractive price of $0.025 each over a ten-day period. The initiative has now seamlessly transitioned into its second phase, aiming to distribute an additional 25 million tokens at a slightly adjusted price of $0.030 each. This strategic decision is driven by the overwhelming enthusiasm and support witnessed during the first phase.

"The successful completion of our first phase is a testament to the strength of our project and our unwavering commitment to democratizing access to the NFT market," declared Abhishek Kumar, Co-Founder & CMO of NFTFN. "We are humbled by the incredible support from our community and are eager to maintain this momentum as we embark on the second phase."

Vikas Singh, Co-Founder & CEO of NFTFN, eloquently stated, "This remarkable early success provides a solid foundation for our ambitious roadmap. We are deeply encouraged by the market's enthusiastic response and are dedicated to enhancing our platform's capabilities significantly. The upcoming phase is pivotal as we expand our product offerings and forge strategic alliances with prominent industry players, delivering unparalleled value to our token holders."

NFTFN's mission is to address fundamental challenges within the NFT landscape, particularly the high entry costs and the lack of essential hedging and risk management tools. Its flagship initiative, SuperNova (SNV), is a revolutionary Perp DEX specifically designed for Blue-Chip NFTs. This innovative platform empowers participants to engage in price speculation on premier collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and Clone X without the need for direct asset ownership.

The platform has garnered support from notable figures within the crypto ecosystem, including Sandeep Nailwal, Co-Founder of Polygon, and has established partnerships with industry leaders such as Binance Smart Chain and Polygon. These alliances underscore NFTFN's strategic focus on sustainable growth and market stability, bolstered by a prudent tokenomics strategy that allocates only 20% of the total token supply for public distribution, effectively minimizing market fluctuations.

The second phase of the initiative has already attracted significant attention, with over 1.7 million tokens distributed promptly. NFTFN aims to raise an additional $750,000 during this phase, solidifying its position to capitalize on the rapidly expanding global NFT market.

NFTFN envisions itself as a comprehensive perpetual trading hub, aptly coined "Trade Everything Perps," with the ambitious goal of extending the range of assets available for perpetual trading beyond NFTs. Its future plans include incorporating cryptocurrencies, ordinals, and real-world assets (RWAs) into its trading platform.

About NFTFN:

NFTFN is a pioneering Perpetual platform dedicated to establishing a comprehensive hub for perpetual trading, aptly named "Trade Everything Perps." Its mission is to create a universal perp trading platform that transcends traditional boundaries, encompassing a diverse range of asset classes, including NFTs, Cryptocurrencies, Ordinals, RWAs, and beyond.