July 1, 2022 – Floorprice Finance has today announced the launch of a new NFT derivative platform, that will allow investors to profit off NFTs without having to own the digital assets.
Through the new platform, users can leverage their market knowledge to predict whether the floor price of a specific NFT collection will go up or down within a specific time frame – currently between 1 to 7 days, and get rewarded for correct predictions.
The prediction is governed by an impressive payout ratio that will allow users to win up to 9.8ETH from a correct floor price prediction placed with a bet of 2 ETH.
Launched on the Ethereum Mainnet, Floorprice Prediction Market has made an impressive variety of assets available for speculation, including blue-chip NFT projects such as Crypto Punks (65 ETH) and Bored Ape Yacht Club (90 ETH), Mutant Ape Yacht Club, Clone X, Azuki, and Doodles.
While NFTs have undoubtedly become the new favorite investment instruments among investors, there are however a few cons to investing in NFTs under the current system. While there are a lot of platforms and marketplaces that allow users to list and sell their NFTs, the process is exhaustive and time-consuming, not to mention the lack of sufficient market depth.
Currently, the only way to invest in NFTs is to buy and wait until the price rises before selling. Given that many of these assets cost a fortune and cannot be split into smaller denominations, most retail investors are unable to participate or even diversify their portfolios.
Floorprice Prediction Market, however, allows users to spend less (0.01 ETH or any amount) to get price exposure on blue-chip NFT projects, such as Bored Ape Yacht Club (90 ETH), Crypto Punks (65), Azuki, and many more. The platform is currently the only way investors can profit from a drop in the floor prices of NFTs, letting all users continue to rake in profits even in a bear market.
Keep up with updates from Floorprice Finance on Twitter via https://twitter.com/floorprice_fi.
To bet on this platform and learn how to leverage the diversified financial instruments it offers, reach out to Floorprice Finance via the contact info below.