Tribe3 is a web3 firm that offers a gamified NFT futures exchange where users can trade NFT perpetual futures with leverage while engaging in NFT tribe battles against others in the ecosystem and win in-game items or assets to create personalized NFT avatars. The firm’s platform offers a social and gamified NFT futures decentralized exchange. Tribe3 has already developed a testnet that has since gone live on its online platform. Public beta testing of the platform will commence on May 3rd 2023 on Arbitrum.
In the past week, Tribe3 has announced that it had raises $2.1 million from leading venture capitals and strategic investors. The funding round garnered participation from numerous firms including The Spartan Group, Newman Crypto, Infinity Ventures Crypto, Modular Capital, Cogitent Ventures, Blockbuilders, Founderheads, Lapin Digital and Blockhype among other angel investors. The proceeds of this financing round will be utilized to drive the next phase of Tribe3’s development.
Tribe3’s mission is to become the go-to NFT derivatives exchange that offers users an immersive and engaging social trading experience. Users are also set to leverage perpetual futures with low fees at any amount. As the platform gears towards its first public beta release, the fist phase of the launch will avail a protocol that supports 4 NFT collections including Bored Ape Yacht Club, Azuki, Mutant Ape Yacht Club and Cryptopunks. In a later phase, Tribe3 will expand to include more collections gradually in ensuing months.
The proposed trade platform will enable users to chat and interact with the community in real-time to share views on NFT collections. Users can also get access to all the info they need at their fingertips. This information includes market data and the latest NFT spot transactions.
According to Adrian Lai, founder and managing partner at Newman Capital, The NFT trading ecosystem has been constantly changing but has been at the same time lacking real innovation. He also said that NFT derivatives trading could kickstart the next wave of growth for he broader NFT marketplace. He went further ahead to express his pride in supporting a team that comes with strong execution liabilities and the drive to succeed while giving the vote of confidence that Tribe3 will be a winner in this space. Apart from Newman Capital, other senior executives from some of the investment firms that participated in the event have lauded Tribe3’s initiative and expressed their continuous support to make futures trading for NFTs and digital collectibles a reality.
