KuCoin Launches NFT ETF Trading Zone, a New Way To Invest in Blue-Chip NFTs
07/15/2022, 20:51:53
Dear KuCoin Users,
After several months of development, we are now introducing our brand new NFT ETF trading zone, featured in connecting the decentralized and centralized world of top blue-chip NFTs.
Partnering with Fracton Protocol, KuCoin will soon provide 5 NFT ETFs covering BAYC, PUNKS, SANDBOX, OTHERDEED, and ENS as underlying assets to our community.
Product Launch Plan:
NFT ETF Trading Zone：Go live on July 29, 2022
Subscription and Listing Time:
hiBAYC (Bored Ape Yacht Club):
- Subscription Period - July 27, 2022 to July 29, 2022
- Listing (HIBAYC/USDT) - July 29, 2022
hiPUNKS (CryptoPunks)：
- Subscription Period - August 2, 2022 to August 5, 2022
- Listing (HIPUNKS/USDT) - August 5, 2022
- hiSAND33 - USDT: soon to be expected
- hiKODA - USDT: soon to be expected
- hiENS4 - USDT: soon to be expected
and more to come.
What is KuCoin NFT ETF?
KuCoin NFT ETF is a USDT-dominated ETF product that marks particular underlying NFT assets. For example, hiBAYC is an ERC-20 token representing 1/1,000,000 ownership of the target BAYC in the BAYC Meta-Swap of Fracton Protocol. In other words, KuCoin NFT ETFs create an opportunity for our 20 million users to own proportionally shared ownership of native blue-chip NFTs, through directly purchasing ERC-20 tokens.
The underlying BAYC NFT will be in custody on Fracton Protocol on Ethereum with maximized security. While enjoying the low investment threshold of blue-chip NFT, users can also redeem the native NFTs through the protocol seamlessly.
Why Choose KuCoin NFT ETF?
- Low investment threshold for investing in high potential blue-chip NFTs.
- No more concerns on managing NFT infrastructures, such as Opensea, wallet, and smart contracts.
- Exceptional trading experience with world-class liquidity, just like KuCoin Spot.
Our Partner - Fracton Protocol
Fracton Protocol is an NFT liquidity infrastructure, with 2 steps of fractionalization (ERC721-ERC1155-ERC20), which provides permissionless liquidity and oracle for all kinds of NFTs. Based on a deeply reformed ERC1155 middle layer standard, Fracton is building a non-status smart contract system to increase the protocol’s efficiency, lower gas fees, and maximize asset security.
Dedicated to abstracting the financial layer apart from the utility of NFTs, Fracton can be easily integrated into both CEX and DApps, and also offer solutions for both inter-protocol liquidity providers and fractionalized NFT market makers.
Click to learn more about Fracton Protocol
Risk Warning: Investing in cryptocurrency and NFT assets is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
Regards,
The KuCoin Team
This activity is not related to Apple Inc.
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