Why Pivot is Backing NFTFN

Human interactions with NFTs have evolved significantly over the past few years. NFTs have seen substantial volatility, from certificates of authentication and collectables to representations of real-world items with verifiable ownership. However, their true potential as financial instruments has yet to be fully realized — until now!

Get ready for a transformation in the world of NFTs as financial instruments with NFTFN — an order-book-based NFT Perpetual DEX where traders can go long or short with leverage on NFT markets via indexing. Through its Pivot 3.0 program, Pivot Ventures is thrilled to announce its backing of NFTFN, supporting them as they embark on the following pivotal phase of their journey within Web3 Masterclass.

Why Pivot Ventures is Backing NFTFN

At Pivot Ventures, we emphasize the importance of founders because their vision, drive, and leadership are the bedrock of any successful startup. In the case of NFTFN, the co-founders Vikas Singh and Abhishek Gupta bring immense experience and leadership that align perfectly with the ethos of Pivot Capital. With over 9 years of blockchain expertise and a solid commitment to leveraging technology for social good, Vikas and Abhishek's marketing expertise represents the kind of leadership Pivot Ventures seeks in its angel funding initiatives. Their vision and deep industry knowledge position NFTFN for success in the evolving Web3 landscape.

The Backers: NFTFN has earned the backing of prominent figures in the Web3 space, including Sandeep Nailwal, Co-Founder of Polygon, and Anshul Dhir, a 3x founder in Web3 and Pivot Ventures' founder. In addition to Pivot Ventures, NFTFN has garnered support from venture capital firms and angel funding, including leading Web3 investors such as Alpha Wave Global, Prashan Agarwal, and Sumit Ghosh. This extensive network of industry leaders is a testament to NFTFN's potential and why Pivot Ventures is committed to helping it scale in the highly competitive Web3 space.

Primed for Mass Adoption

NFTFN is pioneering a unique decentralized NFT index designed to offer synthetic exposure to some of the most prestigious Blue-Chip NFTs, including BAYC, MAYC, Azuki, CloneX, and Doodles. The option for up to 10x leverage on trades will help democratize access and increase liquidity in the NFT market. With this breakthrough technology, NFTFN is well-positioned to become a leader in the NFT-Fi space.

Their flagship product, SuperNova, is a perpetual DEX that integrates essential NFT collections into a singular, potent index for traders. Pivot Capital is confident that this product primes NFTFN for widespread adoption, opening doors for a broader range of investors to tap into the premium NFT space.

Multi-Ecosystem Play

NFTFN has been testing its product on the Polygon Testnet for several months, showcasing impressive results. With Polygon being a significant hub for both DeFi and NFT ecosystems, web 3 masterclass will further enhance NFTFN's reach as it moves to the mainnet. The platform is set to expand across multiple ecosystems, ultimately targeting 14 million NFT users and 30 million DEX traders across various chains. The expansion plans will bring in more institutional traders and high-net-worth investors, boosting the value of NFTFN.

Addressable Markets and Growth Prospects

With over 2,500 users and 7,000+ trades, NFTFN has already demonstrated strong platform reliability. The statistics, including over 300K WETH traded, reflect NFTFN's solid foundation in the marketplace. These figures underscore its growing appeal and market presence.

Looking ahead, the NFT market is expected to surge to USD $14.752 Billion by 2026 and increase exponentially to $300 Billion by 2032. Individuals and institutions' increasing adoption of NFT will propel the NFTFN platform to new heights. Pivot Ventures is strategically backing NFTFN as it taps into the immense growth potential within this market.

The Road Ahead: NFTFN’s Product Expansion

NFTFN's roadmap includes expansion into Ordinals NFT markets, with projections to hit $5 billion by 2025. The growth of Bitcoin as a critical player in the NFT space presents an exciting opportunity for NFTFN to lead the charge in NFT perpetual markets.

Furthermore, NFTFN has plans for Solana NFT and Polygon NFT Perps and an index-based perpetual market for real-world assets. These forward-thinking initiatives align perfectly with Pivot 3.0's vision of supporting innovative and market-defining businesses in the Web3 space.

Pivot Ventures’ Role in NFTFN’s Success

As NFTFN moves closer to launching its mainnet, Pivot Ventures is playing a critical role in the development and scaling of the platform. Originally an angel investor, Pivot Ventures has significantly increased its involvement and support for NFTFN. Pivot Ventures is now deeply engaged in scaling NFTFN within the competitive Web3 landscape and guiding the platform through regulatory frameworks to ensure long-term growth and compliance.

Pivot Ventures Welcomes NFTFN to Its Flagship Web 3.0 Acceleration Program

Pivot Ventures is proud to announce that NFTFN is the first company to be inducted into our Web3 Masterclass acceleration program. Pivot Ventures founder Anshul Dhir shared his excitement about the partnership:

"The inclusion of NFTFN into our Pivot 3.0 program aligns perfectly with our vision of fostering growth and pioneering innovations in the DeFi sector. Their work in NFT perpetual markets is groundbreaking, and we are excited to support their growth in the rapidly evolving Web3 space."

Supporting Innovation in Web3

Pivot Ventures is committed to supporting innovation within the Web3 ecosystem, and NFTFN's approach to NFT derivatives exemplifies this commitment. By backing NFTFN, Pivot Ventures plays a pivotal role in redefining how digital assets are traded and leveraged. We are excited to witness NFTFN's continued growth as they pioneer the next era of NFT-Fi.

About NFTFN

NFTFN stands at the forefront of Web3 fintech, creating innovative financial products centred around Blue-Chip NFTs like BAYC, MAYC, and others. Their flagship product, SuperNova, offers a floor-price perpetual DEX that combines leading NFT collections into a robust index for traders. As a leader in NFT-Fi, NFTFN is setting new standards in the NFT and Web3 finance space.

About Pivot Ventures

Pivot Ventures is a global venture accelerator that supports the growth of Web 3.0 startups. Founded by Anshul Dhir, a 3x founder in Web3, Pivot Ventures is committed to nurturing Web3 projects that can potentially transform the digital landscape. With backing from leading venture capital firms, angel funding, and prominent ecosystems like Polygon, BNB Chain, and Arbitrum, Pivot Ventures is empowering the next wave of Web3 innovations.