Wanderers

Dynamic sci-fi media brand Wanderers raised $2M n a seed funding round led by Animoca Brands and GameFi Ventures.If the floor price of BAYC drops to 90ETH, his ape is now worth the value of 90ETH but he can now close his short position with a 10ETH profit.

Instead of losing 10ETH with the floor price drop Bob can now hedge his position with no value lost. And if the floor price of BAYC increases to 110ETH, Bob would have a loss of 10ETH on his short position but his bored ape is now worth 10ETH more. On the other hand, let’s say Alice is a web3 newbie and have been priced out from blue chip NFTs like bored apes. With nftperp she can long BAYC with as little as $5 USD in $ETH, with leverage (if she’s degen enough).

With perpetual futures, you don’t need real nfts as collateral. The perpetual futures contracts simply track the floor price of the underlying NFT collection. Allowing traders to come to the exchange with ETH, leave with ETH.

Dynamic sci-fi media brand Wanderers raised $2M n a seed funding round led by Animoca Brands and GameFi Ventures.If the floor price of BAYC drops to 90ETH, his ape is now worth the value of 90ETH but he can now close his short position with a 10ETH profit.

Instead of losing 10ETH with the floor price drop Bob can now hedge his position with no value lost. And if the floor price of BAYC increases to 110ETH, Bob would have a loss of 10ETH on his short position but his bored ape is now worth 10ETH more. On the other hand, let’s say Alice is a web3 newbie and have been priced out from blue chip NFTs like bored apes. With nftperp she can long BAYC with as little as $5 USD in $ETH, with leverage (if she’s degen enough).

With perpetual futures, you don’t need real nfts as collateral. The perpetual futures contracts simply track the floor price of the underlying NFT collection. Allowing traders to come to the exchange with ETH, leave with ETH.