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Cryptex Finance Invents NFT Index with Tide JPEGz Token

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Over the past year, the NFT industry has become a giant and unpredictable beast, leaving investors struggling to find a way in this chaotic and often unpredictable market.

Now however, surfing a wave of cutting-edge innovation, Cryptex Finance will launch a new type of investment token. Linked to an industry’s most popular NFTs and regulated by their collective movement of floor prices.

A new way to invest in NFTs

Last September, a game-changing data tracking tool quietly launched within the Chainlink ecosystem. Basically, the folks at Chainlink Labs partner with Coinbase Cloud to accurately track the floor prices of the top 10 NFT collections. Then, feeding the results into an algorithm that provides an accurate price index for content as a whole and allows developers to integrate these new ‘chainlink NFT floor pricing feeds’ into their DeFi-based projects.

Seeing a glorious opportunity, the Cryptex development team immediately got to work. So, take this veritable treasure trove of non-degradable information and build it into their latest exciting ‘JPEGz’ product.

The way it works is by collecting data from the hall ‘Chainlink NFT Floor Pricing Feed’ And condensing it into a single token that members of the Cryptex ecosystem can invest in within the NFT sector in a more strategic and calculated manner.

“Today marks a ground-breaking point for Cryptex and our new ability to fully tokenize this unique asset class for crypto users worldwide,” – Joe Sticko – Cryptex CEO

Harnessing the power of DeFi

Cryptex Finance represents a new generation investment platform that provides DeFi users with a way to invest in the crypto market. First by allowing its members to use it A real-time token Tied to top cryptocurrencies and now preparing to launch a similar service for NFTs.

So, with the powerful implementation of ‘Chainlink NFT Floor Price Feed’, Cryptex Finance aims to take its platform to the next level.

Follow on Cryptex Finance >> Twitter

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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