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DeFi 🤝 NFT: How Bliv.Club is Revolutionizing the NFT Market

Rahul Kaushik
Web 3.0 Research Analyst
Written by
Rahul Kaushik
Published on
February 20, 2023
Read time
3 min read
February 20, 2023


NFTs in the last three years have generated significant excitement because of their ability to solve problems such as digital ownership and verification. Once thought worthless due to their ease of copying, digital images can now be exclusively owned and assigned a monetary value.

If you're new and unsure what NFTs are, please check out our blog on NFTs to get you up to speed.

Art collectibles previously reserved for the upper crust could now exist on decentralized, community-run networks, allowing the average Joe to own a piece of art and thus making it more appealing to a new generation.

This was evident throughout 2021, with quarterly trading volumes increasing eightfold between Q2 and Q3. The total value of all global NFT transactions reached $10.7 billion in the third quarter. 

Did you know? 950,000 unique addresses purchased or sold an NFT in the first quarter of 2022, up from 627,000 in the fourth quarter of 2021.

Although NFTs have closed the access gap and given everyone a fair shot at participating in the NFT landscape, there are still certain obstacles for the average person to participate in the NFT revolution.

Existing Roadblock

● High Entry Barrier

Even though non-fungible tokens are spawning a new market, allowing artists and creators to realize their potential, NFTs remain exclusive. They are closed off to retail investors and small collectors as most high-end NFT collections are too expensive and out of reach for most investors in the space.

● Lack of Liquidity

Although NFTs can transform the digital economy, one significant drawback has hung over the sector: a lack of liquidity. Because NFTs are non-fungible assets, the issue of liquidity arises because they are not constantly traded, at least not in pairs, as cryptocurrencies are.

Currently, the prospects for trading these non-fungible tokens in the secondary market are bleak. Buyers can only trade individual assets one at a time, so secondary market transactions for high-value collectibles like CryptoPunks and BAYC are uncommon. Introducing derivatives and indices will supercharge the NFT market with increased liquidity and accessibility.

● Complexity in Identifying Blue-Chip NFT Projects

Because of the nascent nature of the NFT space, determining the blue chip status of many projects is difficult. With thousands of projects launching daily, selecting the best investments is becoming more challenging.

Most projects toss the term around, claiming to be blue chips but ultimately turning out to be rug-pulls (scams). Extensive research into the team, artist, community, utility, trading volume, presence, and security is required to identify genuine blue-chip projects. All of which are beyond the average person's technical capabilities.

● No Hedge to Protect Investors from the Downside Risk of NFTs

Unlike traditional investment assets such as stocks and bonds, the market for NFTs is highly volatile due to their infancy. And there is little that investors can do to protect themselves from price volatility.

What could be the solution, you ask? Well, that's what we at Bliv.Club are up to!

Having identified the problems early, we realized perpetual futures and benchmark indices for NFTs are the need of the hour. It can improve how financial portfolios are built, allowing for greater diversification and precise position sizing to safeguard users from downside risk.

What is Bliv.Club?

BLIV is a Web3 Fintech company building a series of financial products on top of blue-chip NFTs for next-gen investors.

We believe NFTs can transform how we think about ownership, art, and collectibles. BLIV's mission is to make this revolutionary technology accessible to everyone - easily & securely.

The Birth of Bliv.Club

The company was set up by serial entrepreneurs Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin in 2021.

Bliv.Club was founded with a mission to empower the masses to participate in the NFT space by simplifying the entry barrier. The company was started by three friends, Abhishek Gupta, Vikas Singh, and Siraj, who shared a common passion for the potential of Web3 technologies. Together, they joined forces to create Bliv.Club and bring their vision to life.

Solving the Roadblocks in the NFT Space

Building a Series of Financial Instruments Around NFTs

To truly scale the NFT ecosystem and enable user participation, we will launch a series of products(indexes) focused on NFTs with a new product every quarter, starting with our first product - NFT Perps(also called SuperNova).

Crypto perpetual is a type of derivative agreement that allows investors to buy or sell a digital asset for a predetermined amount at a future date.

SuperNova(SVN), also called NFT Perps, is an NFT-based decentralized perpetual exchange that gives users synthetic exposure to Blue-Chip NFTs. NFT perpetual allows investors to buy or sell the non-fungible token derivative at a future price point.

How does SuperNova(SVN) Work?

SuperNova(SVN), at its core, is an NFT index that tracks the floor price of five blue-chip NFT projects - Bored Ape Yacht Club(BAYC), Mutant Ape Yacht Club(MAYC), Azuki, Doodles, and CloneX, all of which have been thoroughly researched and vetted by the Bliv.Club team.

The floor price is the minimum price at which an asset or a contract(in our case) is currently trading. At bliv, we've taken that to the next level by introducing floor price perpetuals for NFTs.

Floor price perpetual refers to a synthetic tracking of the floor price of a given NFT project. Introducing an NFT floor price market for blue-chip NFTs allows traders to go long and short with leverage on the floor price of a basket of NFTs. This adds value to fractionalizing NFTs by generating passive fees and improves price discovery and the integrity of the underlying NFT market.

Here's the icing on the cake. SuperNova(SVN) enables users to trade on the floor price of these NFT collections without the need to hold custody of the NFT itself.

SuperNova (SVN) provides a secure and accessible platform for traders at pocket-friendly prices.

How does SuperNova(SVN) help the NFT ecosystem?̄

First, since SuperNova(SVN) is an NFT derivative, It enables users to bet on the floor price of these NFT collections without buying the underlying NFT. This eliminates the need for expensive gas fees.

Second, SuperNova (SVN) will also provide users synthetic exposure to multiple blue-chip NFTs, allowing them to diversify their portfolio and gain exposure to various high-quality NFT projects.

Third, In addition to providing accessibility and ease of use, SuperNova (SVN) will also bring increased liquidity to the NFT market, allowing users to trade NFTs more efficiently.

Finally, SuperNova (SVN) adds a financial use case to the NFT ecosystem by introducing perpetuals on top of NFTs. This will allow users to maximize their returns and take advantage of the opportunities presented by the NFT market, both towards the upside and the downside.

How are NFTs in the SuperNova(SVN) Selected?

The selection process of certain blue-chip NFTs is a rigorous process that involves multiple stages of filtering to ensure that only the most valuable and high-quality projects are included in the final index. 

The following metrics are considered for selecting NFT projects that go into SuperNova(SVN).

  1. Total Trading Volume
  2. No. of Unique Owners
  3. Verified Projects
  4. Time of Existence
  5. 30-day Traded Volume

For a more in-depth explanation of these metrics, please refer to the ‘NFT Selection Criteria’ section inside the public docs that is live on the website.

How can Users get Started on the Platform?

Users can get started on the Bliv.club platform by visiting our website and exploring available features. If they are new to the NFT and crypto space, we have comprehensive, detail-oriented documents on our website that they can refer to for a better understanding. These documents are written in an easy-to-understand format, making them accessible to even new ones. By following these guides and exploring the platform, users can quickly get started on their journey.

How Bliv is Helping the NFT Community

We are dedicated to helping people get into the NFT ecosystem. We do this by providing informative articles and blogs on NFTs, giving people the knowledge and understanding they need to get involved in the world of NFTs.

It provides in-depth information on NFTs, their importance, how they work, and their potential applications. This information is presented in a way that is easy to understand and accessible to anyone, regardless of their level of technical knowledge.

Additionally, we send out a weekly newsletter that covers all the latest developments in the NFT industry, from new projects and partnerships to market trends and regulatory updates. The newsletter provides a comprehensive overview of the NFT world and helps keep people informed about all the latest developments.

Not only do we provide educational resources, but we also bring the NFT community together by hosting Twitter spaces called 'Around the Corner.'

These spaces are an opportunity for people to network and collaborate with industry experts, creating a hub of knowledge and expertise that can be accessed by anyone interested in NFTs. These events are a great way to learn and provide a platform for people to connect with others in the NFT world and build relationships that can be valuable in the long run.

Wait... that's not all!

Additionally, we take pride in providing comprehensive educational resources to help people understand the basics of Perpetual Futures and how they work. The documentation section of the website serves as a hub for all things related to Perpetual Futures, offering in-depth information, tutorials, and guides to help people get started. Whether someone is new to the world of Perpetual Futures or has some experience, the resources available on the website are designed to cater to all levels of expertise.

Our commitment to providing the highest quality educational resources sets us apart. We work tirelessly to ensure that all information is up-to-date and accurate, providing a reliable source for those looking to learn about Perpetual Futures.

Final Thoughts

The NFT space is still in its infancy, but it is rapidly growing and has already shown the potential to transform the digital economy. However, the NFT ecosystem needs to address the existing roadblocks to scale and enable user participation. Bliv.Club is on a mission to make NFTs accessible to everyone and is working towards solving these issues and empowering the masses to participate in the NFT space.

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Rahul Kaushik

Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.

Rahul Kaushik

Rahul is a former software engineer who is now a writer. After working as a full-stack developer early in his career, he realized that coding was not his forte and began writing blogs, poetry, and articles for sports magazines. He is always torn between Football and Bitcoin as his first love. In his spare time, he enjoys reading books on economics, startups, and business, as well as educating people on personal finance, cryptocurrency, and Web 3.0 on Instagram.

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