Derivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals

Hello friend, today I bring to you another vital news trend in the crypto industry.

Injective Pro Lists NFT Floor Price Perpetuals

On Thursday 21 April, 2022 Injective Pro, which is a decentralized derivatives exchange built that is built on Injective network, has recently announced the launch of a Non-fungible tokens (NFTs) floor price pertetual market.

The team of the derivatives exchange believe that offering floor price perpetuals will lowers the barrier to entry in terms of expensive and popular NFT collections like BAYC.

“[Floor price perpetuals enable] retail users to trade based on the floor price of NFT collections, without actually having to hold custody of the NFT itself,” the trading platform explained

Bored Ape Yacht Club (BAYC) is one of the most expensive floor prices today as a single BAYC NFT has a floor value of 130 ether or $382K. The floor value gives the entire Bore Ape collection a market capitalization of around $3.81 billion. Out of 6,401 owners, the BAYC NFT collection has seen $7.99 million in 24-hour trade volume. The platform Injective Pro will allow customers to go long or short on NFT floors for $1 or more.

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Derivatives Exchange Injective Pro Launches Bored Ape NFT Floor Price Perpetuals