Dvision x Injective Protocol Partnership
Dvision & Injective Protocol announced partnership to launch the NFT Future Contracts and establish “Injective Protocol Digital Center”.
The primary purpose of launching future contracts for NFTs would be to enable users to capitalize on NFT sale prices, thereby allowing them to take part in NFT prediction markets. Moreover, Injective will grasp a new way of interacting with its users through the gamified metaverse experience via the Injective Protocol Center in the Dvision Network.
The importance and significance of decentralized finance has rapidly gained traction by the global audience. Along with DeFi going mainstream, the concept of NFTs has evolved and continued to seep into the consciousness of the broader public. As our users are quite aware of the fact that Dvision Network consistently explores new ways to enable the smoother and wider convergence of DeFi & NFTs, there are still a remarkable number of technical and conceptual aspects to be explored in this area.
Previously, Dvision Network launched one of the first use cases for its NFTs in cooperation with Unilend, enabling NFTs to be utilized as collateral in Unilend’s platform. In a nutshell, this means that users should be able to supply an NFT representing a piece of art, digital land, or even tokenized real estate, as collateral against it.
To further expand the use cases for NFTs, Dvision Network will be exploring the idea of creating derivative instruments for the most liquid and precious NFT items available in the Dvision metaverse. Here’s where Injective Protocol truly shines. By creating derivative instruments, or more specifically future contracts, for NFT items created on Dvision Network, Injective will break down the barriers for users who are not capable of directly participating in the sale of NFT items. It will accomplish this by enabling users to indirectly make predictions and bets on future NFT prices. The primary goal of this initiative is to facilitate the capitalization of NFT sale prices for a certain period of time, without requiring users to hold them.
In the near future, Injective Protocol will collaborate with Division to expand the creation of new derivatives. Injective plans to launch a series of NFT index products that will include the most liquid and attractive NFTs from different projects, including Dvision NFTs.
What is Injective Protocol?
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
