What nftperp does

NFTperp operates a decentralized exchange (DEX) that enables traders to take leveraged long or short positions on the prices of NFT collections through perpetual futures contracts. The platform is built on blockchain infrastructure and functions as a non-custodial venue accessible globally without account registration or KYC, targeting crypto-native traders and NFT enthusiasts who want to speculate on or hedge NFT collection price movements without holding the underlying assets. The platform originated as a private beta launched in November 2022 alongside a $1.7M seed round, and was substantially upgraded with the December 2023 v2 release, which forms the current core product.

The underlying technology is a smart-contract-based perpetual futures engine that prices NFT collection baskets via oracle feeds and supports leveraged positions without expiry dates. NFTperp differentiates as a first-mover in the NFT perpetual futures category — a niche that previously lacked native derivatives venues. Revenue is generated exclusively through transaction fees on traded contracts, with a portion redistributed to liquidity providers as Gold token incentives tied to trading volume, aligning platform economics with liquidity depth.

NFTperp is a private, venture-backed company founded in 2022 with 1–10 employees and a nominal Washington, US, headquarters. It has raised approximately $4.7 million in disclosed funding across a seed round ($1.7M at a $17M post-money valuation, November 2022), a Series A ($3M led by 1kx, December 2023), and an undisclosed angel round (May 2024), with backing from crypto-native investors including 1kx, Maven 11, Mechanism Capital, and Dialectic, plus NFT-community angels such as Zeneca, Dingaling, and Gmoney. Distribution is product-led and community-driven through Discord and Twitter, with no traditional sales motion.

Name

nftperp

Website

https://nftperp.xyz

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

nftperp is a decentralized exchange offering leveraged perpetual futures on NFT collection prices, targeting crypto-native traders and NFT holders seeking to hedge or speculate without holding the underlying NFTs. The non-custodial platform generates revenue via trading fees and rewards liquidity providers with Gold tokens.

Ownership category

akta.pro rank

Product category

Decentralized Finance (NFT Derivatives)

NAICS

Commodity Contracts Intermediation (52316)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

NFT Trading, Liquidity & Financialization (AMMs, lending, fractionalization, derivatives) (FSAPAFAG)

akta.pro secondary industry

General NFT Marketplaces (Multi-Category) (FSADANAA)

Keywords

• NFT perpetual futures
• Decentralized exchange
• Crypto derivatives trading
• NFT perpetual contracts
• DeFi trading platform

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Trading Fees: Platform generates revenue through trading fees charged on NFT perpetual contract transactions, with incentives distributed to liquidity providers based on trading volume

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

nftperp operates a blockchain-based decentralized exchange (DEX) that offers perpetual futures contracts on NFT collections. The platform enables crypto-native traders to long or short the prices of NFT collections with leverage and without expiration dates, providing a non-custodial trading venue that does not require traditional intermediaries or KYC.

Product overview

nftperp is a blockchain-based decentralized exchange (DEX) offering perpetual futures trading for NFTs. The core offering consists of the nftperp Platform (v1, launched as private beta in November 2022) and its successor, the v2 Platform (launched December 2023), which enables traders to long or short NFT collection prices with leverage. The platform distributes Gold tokens as rewards based on trading volume and liquidity provision.

Differentiator

Problem solved

Functional benefit

Products and services

• nftperp v2 Platform Decentralized perpetual futures exchange (DEX) for NFTs that allows users to long or short NFT collection prices with leverage, without requiring account registration or KYC.
• nftperp Platform (Private Beta) Initial version of the NFT perpetual futures decentralized exchange, allowing users to trade perpetual contracts on NFT collections with leverage.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Aevo: Decentralized derivatives exchange focused on options and perps on a rollup. Closely comparable as a hybrid derivatives DEX launching novel underlyings — a model that could be extended to NFT perps.
• GMX: Decentralized perpetual futures DEX using a GLP liquidity model. Comparable as a non-custodial perp venue with a global, permissionless user base — the same GTM shape NFTperp targets for NFT collections.
• Perpetual Protocol: Decentralized perpetual futures exchange built on Uniswap-style AMMs. Closely comparable architecture (on-chain perps with leverage) and a directly analogous target user of crypto-native traders.
• dYdX: Decentralized perpetual futures exchange on a dedicated app-chain. Direct competitor to NFTperp in the on-chain perp venue category, with much deeper liquidity and broader market coverage that could be extended to NFT derivatives.
• MUX Protocol: Aggregator of on-chain perpetual liquidity across multiple venues. Comparable as a leveraged derivatives venue serving retail and pro traders, with a similar permissionless, no-KYC access model.
• Drift Protocol: Decentralized perpetual futures exchange on Solana. Comparable as a perp-first DEX with leveraged trading and a retail/pro crypto-native audience, using a similar hybrid order-book/AMM design.
• Hyperliquid: High-performance decentralized perpetual futures exchange on its own L1. Closely comparable as a permissionless perp venue targeting active crypto-native traders with low-latency execution.
• Gains Network (gTrade): Decentralized leveraged trading platform supporting synthetic and crypto perps. Overlaps with NFTperp on leveraged, non-custodial derivatives trading infrastructure and decentralized execution.

Broad incumbents

• Mango Markets: Decentralized exchange offering perpetual futures, spot, and lending on Solana. Overlaps with NFTperp in the broader on-chain derivatives category, though it spans multiple products beyond perps.
• Uniswap: Largest decentralized spot exchange and the underlying AMM primitive many perp venues reference. Adjacent peer — represents the liquidity and brand gravity that any niche DEX like NFTperp must compete against for user mindshare.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/nftperp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds3 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about nftperp