NFTGo.io Raises $6.75M Pre-series a Funding Seed to Scale Its Business Growth
https://ift.tt/vDrcU2M
NFTGo.io stated that it plans to use the funding to expand its next phase of growth and development to accelerate global hiring and develop new features like introducing more innovative data metrics and adding support for more blockchains.
Now that the firm has accumulated a massive amount of funds under its belt, Lowes, the Founder and CEO of NFTGo.io, highlighted what the company strives to offer in the business world: “NFTGo aims to build a gateway to the NFT ecosystem. We will not base our core business model on data accessibility, because we believe that all data on the chain comes from Web3 users, and, therefore, we should keep this data open. We hope that NFTGo will be your go-to destination to learn about NFTs, and we look forward to showing you a new digital world made possible through NFTs.”
Designed as an all-in-one NFT data analysis platform, NFTGo.io provides users with access to all of the information necessary to enable them to make their next move in the NFT marketplace. Clients use the platform to spot real-time NFT insights using various advanced features like data visualization, search engine, whale tracking, NFT rarity, NFT Drops and many more. Besides that, NFTGo.io is built with several innovative data indicators like
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term, FOMO level, profit and loss. Early this week, NFTGo released the 2022 NFT industry research report and distributed it in an innovative way of ‘NFT minting’.
Helping Users Getting Started in the NFT Marketplace
The likes of NFTGo.io are among the early entrants to establish a foothold in the market for non-fungible tokens. Although OpenSea appears to have exerted greater control over the NFT market, its dominance seems to be threatened by other upcoming NFT firms. The task of buying is still complex to many users; for example, for users to transact on Opensea, they must buy Ether cryptocurrency on a cryptocurrency exchange such as Coinbase and create a crypto wallet like MetaMask to connect to the platform. But, the emerging NFT companies are differentiating themselves with a simple user interface that demystifies the NFT process and makes it more accessible to the everyday seller and buyer. By addressing the challenges of getting started and enabling users to easily connect to the NFT market, such platforms are growing their business.
NFTGo.io stated that it plans to use the funding to expand its next phase of growth and development to accelerate global hiring and develop new features like introducing more innovative data metrics and adding support for more blockchains.
Now that the firm has accumulated a massive amount of funds under its belt, Lowes, the Founder and CEO of NFTGo.io, highlighted what the company strives to offer in the business world: “NFTGo aims to build a gateway to the NFT ecosystem. We will not base our core business model on data accessibility, because we believe that all data on the chain comes from Web3 users, and, therefore, we should keep this data open. We hope that NFTGo will be your go-to destination to learn about NFTs, and we look forward to showing you a new digital world made possible through NFTs.”
Designed as an all-in-one NFT data analysis platform, NFTGo.io provides users with access to all of the information necessary to enable them to make their next move in the NFT marketplace. Clients use the platform to spot real-time NFT insights using various advanced features like data visualization, search engine, whale tracking, NFT rarity, NFT Drops and many more. Besides that, NFTGo.io is built with several innovative data indicators like
liquidity
Liquidity
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Liquidity is at the core of every broker’s offering. It is a basic characteristic of every financial asset – be it a currency, stock, bond, commodity or real estate. The more liquid an asset is, the easier it is to sell and buy on the open market. Foreign exchange is considered to be the most liquid asset class.Brokers can source liquidity from a single or multiple source, thereby delivering to their clients enough market depth for their orders to get filled. The main characteristic of liquidity is its depth, which will determine how quickly and how big of an order can be executed via the trading platform.Understanding LiquidityLiquidity can be internal or external depending on the size and the book of the broker. Companies which are large enough and have material client flows consistently are creating their own liquidity pools from the order flow of their clients, thereby internalizing flows and saving on costs to send customer orders to the interbank market. By doing that however they are exposing themselves to carry the risk on the trade.Liquidity providers can be prime brokers, prime of primes, other brokers or the broker’s book itself. Traditionally brokers are split between internalizing flows and offloading trades of their clients to different liquidity providers.Generally, retail brokers and their clients prefer more liquid assets which lead to better fill rates and less slippage. When there is lack of liquidity on a certain market, slippage can occur – the order is executed at a price which is the closest available to the one requested by the client.
Read this Term, FOMO level, profit and loss. Early this week, NFTGo released the 2022 NFT industry research report and distributed it in an innovative way of ‘NFT minting’.
Helping Users Getting Started in the NFT Marketplace
The likes of NFTGo.io are among the early entrants to establish a foothold in the market for non-fungible tokens. Although OpenSea appears to have exerted greater control over the NFT market, its dominance seems to be threatened by other upcoming NFT firms. The task of buying is still complex to many users; for example, for users to transact on Opensea, they must buy Ether cryptocurrency on a cryptocurrency exchange such as Coinbase and create a crypto wallet like MetaMask to connect to the platform. But, the emerging NFT companies are differentiating themselves with a simple user interface that demystifies the NFT process and makes it more accessible to the everyday seller and buyer. By addressing the challenges of getting started and enabling users to easily connect to the NFT market, such platforms are growing their business.
Cryptocurrency