JPEX has just unveiled its new index contract for CryptoPunks and Red Hare NFTs.

Crypto platform JPEX launched CryptoPunks These new index contracts enable investors to trade with significant leverage of up to 40 times, opening up fresh avenues for trading prominent projects while allowing NFT holders to mitigate investment risks. Earlier this month, the company also launched contracts tailored for the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), with plans for additional NFT indices covering other elite collections. NFT Red Hare has put out the first all-Asian NFT Index (RHNI), designed to track the performance of a variety of NFTs. JPEX is behind the creation of the Red Hare NFT index, which stands as a unique hedging option for NFT owners.

In the company's own words, 'When NFT prices drop, investors can further short-sell the Red Hare NFT index to recover losses from their varied NFT holdings.'

JPEX's inaugural contracting product is aimed at profile picture (PFP) NFTs, which are currently challenged by a lack of liquidity in the market. This situation leaves NFT holders vulnerable, risking considerable losses when they opt to sell. explained . 

In fact, the company highlighted a critical issue, noting, 'The NFT market suffers from a significant gap: there’s nothing available for hedging.'

JPEX COO Vincent Le has previously  said JPEX is strategically broadening its influence globally to enhance its product offerings. The firm, based in Australia, has recently obtained a financial license in Lithuania and holds licenses in Canada, Australia, and the U.S., with business interests targeting regions like the UAE, Malaysia, and Taiwan. Their goal is to provide a wider array of trading services and investment opportunities to their clientele.

MAC Cosmetics has introduced its first NFT collection aimed at supporting young individuals affected by HIV/AIDS. obtained $34 million remains locked within the AkuDreams contract, and users are set to receive refunds.

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