Quick take:
- KuCoin has launched the first NFT ETF with a centralized exchange.
- Major crypto exchange platforms target blue-chip investments with new products.
- The NFT ETF Trading Zone helps improve the liquidity of NFT assets and makes quality NFTs more accessible.
KuCoin has launched the first NFT ETF with a centralized exchange. The leading crypto exchange platform debuted his NFT ETF Trading Zone on July 29th, a product developed to increase the liquidity of NFT assets. But more importantly, KuCoin believes the product will lower the threshold for investing in quality NFTs, thereby expanding the target market to his 20+ million users.
A fine NFT is one of the rarest NFTs in the major NFT collections. Yuga Labs’ Bored Ape Yacht Club and Cryptopunks projects have some of the best NFTs, but Azuki, Meebits, Doodles, and Clone X also have a rich portfolio of expensive characters.
NFTs are sold as 1-for-1 items, so there are a limited number of NFT traders who can earn good NFTs.さらに、これらの NFT のほとんどは、ユーザーが特定の NFT の一部を購入できるように分割された NFT として提供されていません。
This is what KuCoin’s NFT ETF Trading Zone is about to change.
Generally speaking, an Exchange Traded Fund (ETF) is a trading product created based on a pool of underlying assets. As a result, when an investor buys her ETF, there is no ownership attached to the purchase, but the investor can use her ETF’s trading data to make decisions about the liquidity of the underlying asset. increase.
KuCoin leverages the same concept by allowing NFT traders to trade NFT ETFs of leading blue chip NFTs. The company was also the first to introduce a USDT-dominated ETF product for select high-quality NFTs.
The new trading zone aims to expand access by allowing users to own proportional joint ownership of native blue chip NFTs. The first token supports bing hiBAYC. -Fracton protocol swap,” KuCoin said in a statement announcing the launch of his NFT ETF trading zone.
The company plans to launch more NFT ETFs in the future in partnership with the enterprise arm of Fracton Protocol.
KuCoin also showed that hiPUNKS, hiSAND33, hiKODA, and hiENS4 tokens will join hiBAYC as underlying assets first.
“In addition, it also offers an outstanding trading experience with world-class liquidity, a better way to invest in top NFTs through direct purchases in USDT instead of ETH, and NFT infrastructure such as OpenSea, Wallet, etc. You don’t have to worry about managing the structure elements: smart contracts,” the company wrote in a press release.
Commenting on the launch of his company’s latest product, KuCoin CEO Johnny Lyu said:
“As a trading platform that has maintained its penetration rate in the NFT sector, KuCoin will continue to provide investors with user-friendly products and make it easy for them to participate in NFT investments. We are very excited to become the first centralized crypto exchange to support NFT ETFs, which will allow us to conveniently invest and trade in top NFTs.In the future, KuCoin will provide more NFT related offerings for our users. We will continue to explore products.”
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