NFT
Cross-chain DeFi supplier Cryptex Finance at this time will launch its JPEGz token, an index token based mostly available on the market capitalization of a few of the hottest NFT collections, the corporate mentioned.
The index contains 10 notable NFT collections together with Yuga Labs’ Bored Ape Yacht Membership and CryptoPunks, and others reminiscent of CloneX, Cool Cats, Doodles, Vee Associates and World of Ladies, Cryptex mentioned.
The token might be immediately accessible on the Cryptex Finance decentralized software, and could also be swapped throughout Uniswap and Slingshot through the Layer 2 scaling community Arbitrum, Cryptex added.
Every assortment’s ground costs are fed into the index through Chainlink’s NFT Flooring Worth Feeds oracle structure that includes Coinbase Cloud’s aggregation algorithm.
“For the primary time, customers can mint value publicity to trace 10 standard NFT collections utilizing ETH or DAI with out the necessity to maintain the underlying NFT’s themselves,” mentioned Cryptex Finance co-founder Joe Sticco.
Cryptex Finance launched its TCAP token, an index token based mostly on over 2,000 cryptocurrencies, in 2021.