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NFTperp’s Sustainable Contract Trading Platform Surpasses US$100 Million in Trading Volume

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On February 19, NFT\’s sustainable contract trading platform, nftperp, officially announced that its total trading volume reached the milestone of US $100 milli…

NFTperp’s Sustainable Contract Trading Platform Surpasses US$100 Million in Trading Volume

On February 19, NFT’s sustainable contract trading platform, nftperp, officially announced that its total trading volume reached the milestone of US $100 million.

The total transaction volume of NFT’s sustainable contract trading platform nftperp reached US $100 million

Interpretation of the news:


NFTs or non-fungible tokens have been making waves in the crypto world in recent months, with unique digital artworks and collectibles fetching millions of dollars at auctions. However, the hype around NFTs has also raised concerns about their environmental impact, as the energy consumption required for their creation and trading is significant.

In this context, the news of nftperp’s sustainable contract trading platform reaching US$100 million in trading volume is a noteworthy milestone. The platform, which was launched in December 2020, aims to offer a greener alternative to traditional NFT trading platforms by using a Proof of Stake (PoS) consensus mechanism instead of Proof of Work (PoW).

The difference between PoS and PoW is that the former is less energy-intensive as it does not require miners to solve complex puzzles to validate transactions. Instead, PoS allows validators to stake their tokens as collateral and participate in the network’s decision-making process based on their stake.

By using PoS, nftperp claims to reduce its carbon footprint by up to 99% compared to PoW-based platforms. This sustainability aspect is a key selling point for the platform, as more investors and collectors are becoming aware of the environmental impact of their actions.

Moreover, nftperp offers a range of features and tools that make it a competitive option for traders, including perpetual swaps, limit orders, margin trading, and a user-friendly interface. The platform supports multiple tokens, including Ethereum, Bitcoin, and Binance Coin, as well as a range of NFTs.

Reaching US$100 million in trading volume in less than three months since its launch is a significant achievement for nftperp, as it demonstrates that there is demand for sustainable NFT trading platforms. It also highlights the potential of PoS-based platforms to disrupt the NFT market, which is currently dominated by PoW-based platforms like OpenSea and Rarible.

As the market for NFTs continues to grow and evolve, it is likely that more sustainable and innovative platforms like nftperp will emerge to cater to the changing needs and preferences of traders and collectors. In the meantime, nftperp’s milestone serves as a reminder that sustainability and profitability are not mutually exclusive in the world of crypto trading.

In summary, the news of nftperp’s sustainable contract trading platform reaching US$100 million in trading volume showcases the potential and demand for sustainable NFT trading platforms that use Proof of Stake to reduce their carbon footprint. The milestone also highlights the competitiveness of nftperp in terms of features and tools, as well as its potential to disrupt the NFT market.

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