Cryptex Finance, the DAO specializing in providing DeFi users exposure to the crypto market, announced today its new token JPEGz powered by Chainlink Labs and CoinBase Cloud, during a keynote at Smartcon 2022 in New York City. JPEGz will be an index token to give users exposure to the NFT market.
Over the last year, the NFT Market has seen extreme success despite its volatility. In August of 2021, it hit 200,000 sales at its peak. Additionally, Web2 companies have joined the market, leading the NFT Market Cap to $12B at its peak, and an urgency to create an NFT Index. “Today becomes a groundbreaking point for Cryptex and our newfound ability to fully tokenize this unique asset class for crypto users worldwide”, says Joe Sticco, CEO and Co-Founder of Cryptex Finance.
Live minting and trading for JPEGz will launch in Q4 2022.
ABOUT CRYPTEX FINANCE
Cryptex Finance is focused on building innovative, open-source financial solutions for the global crypto community. Founded in 2021 by Joe Sticco, Preston Van Loon, and Thomas Matzner to create a market cap for the Crypto industry in a secure and decentralized manner. Cryptex Finance provides traders in Web3 a real-time price exposure with a crypto market cap index token (TCAP) and a governance token (CTX), powering the Cryptex Protocol for holders to vote on DAO proposals.
Founders are available for interviews upon request.
For more information or any inquiry please contact: Pía Sánchez, pr@cryptex.finance
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