Its Blockchain Launches Three New Crypto Indices On Mudrex

Aniket Jain 2021-12-04 10:12

While the crypto scene in India has been nothing but chaotic.the past several months. Its volatile nature and uncertainty have not been able to stop the public from exploring the crypto market.

Nor has it been able to ditter the crypto exchanges from coming up with new ventures. This can be easily seen as its blockchain collaborates with Muderx in a recent move.

Its blockchain has teamed with Mudrex, a cryptocurrency platform, to launch three new indices to simplify crypto investing and make it more accessible to people. The major emphasis of these inventories will be on gaming, metaverse, and low caps.

Y Combinator (the same company that helped in setting up Meesho, a retail platform known to all Indians today) and Nexus Venture Partners-backed Mudrex administers in more than 90 countries. Meanwhile, Itsblockchain.com is India’s first and one-of-a-kind crypto education publication.

Commenting on the news of the collaboration, Hitesh Malviya, founder of Itsblockchain.com, told reporters that Mudrex Coinsets makes the job easy of finding good cryptocurrencies in the overcrowded market. The idea stems from the fact that

Murex Coin Sets enables investors to capitalize in theme-based baskets of tokens like non-fungible tokens (NFTs) or decentralized finance (Defi).

“We have received great responses from our investors about Mudrex customer support so far. We are looking forward to launching more indexes shortly in collaboration with Mudrex,” Malviya added.

The three indices launched are as follows:

IBC10 Play-to-Earn

It is quite evident that the next major trend in crypto is gaming. Acknowledging the current parabolic growth and future likelihoods in blockchain gaming, a new index is devoted to play-to-earn.

IBC10 Low Cap Gems

To retrieve exponential returns, investors eye low-cap altcoins. One can reap healthy returns in a quick period. This index comprises low-cap coins in the crypto Defi market.

IBC10 Metaverse

Metaverse is the big thing in crypto now. It has even caught the attention of global giants like Facebook.

IBC10 Metaverse is one of the best performing indices on Mudrex.

Conclusion

How much success is to be expected from this collaboration is still a thing that we will figure out in the future. However, one can’t deny that it will certainly help in making crypto a more approachable market for its players.

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