Short and long NFT collections, including Bored Apes and Azuki, during the mainnet trial phase.
We’re excited to announce NFTures, our NFT futures trading platform, is expanding to Polygon zkEVM! Users can now short or long popular NFT collections Bored Ape Yacht Club, Azuki, Mutant Ape Yacht Club, CryptoPunks, BEANZ, and Milady Maker risk-free during the mainnet trial phase.
SynFutures launched NFTures Closed Alpha in March 2023, introducing SynFutures users and the wider Web3 community to the world of NFT futures by allowing them to speculate on the future price of popular NFT collections by taking long or short positions with up to 3x leverage. Now, as ZK technology sees tremendous growth, SynFutures is expanding the feature to Polygon zkEVM mainnet beta to enable experienced traders and NFT enthusiasts to experience the possibilities of NFT futures.
Polygzon zkEVM is a decentralized Ethereum Layer 2 scalability solution that uses cryptographic zero-knowledge proofs to offer validity and quick finality to off-chain transaction computation, also known as a ZK-Rollup. Since its launch, the solution has seen over $32 million in TVL and almost 40,000 transactions from nearly 200,000 wallets.
“Polygon zkEVM Beta harnesses the power of ZK proofs to reduce transaction costs and increase throughput, bringing new opportunities to projects and users across the Web3 ecosystem,” said Hamzah Khan, Director of Growth at Polygon Labs. “SynFutures has been leading the charge for NFT futures trading through NFTures, so we’re excited to add this product to our growing ecosystem on Polygon zkEVM.”
“ZK technology is advancing at a rapid pace, and we’re excited for the scalability and security it brings to the Web3 ecosystem,” said Rachel Lin, co-founder and CEO at SynFutures. “As one of the largest decentralized derivatives protocols on Polygon, SynFutures has had a long-time relationship with the ecosystem, so we’re excited to take this step and bring NFT futures trading to Polygon zkEVM.”
How to Trade with NFTures on Polygon zkEVM
To get started with our mainnet trial phase,
- Go to https://trade.nftures.com/.
- Connect your wallet.
- Switch the network to Polygon zkEVM.
- Mint mETH if needed.
- Like or dislike an NFT to short or long an NFT with one-click leverage (up to 3x).
If you have any questions, reach out on Discord.
About SynFutures
SynFutures is a next-generation Web 3.0 decentralized derivatives infrastructure that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.
Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.
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