Truflation Launches NIFTY50 Index
Truflation, the leading provider of Real World Assets (RWA) indices and inflation data, is excited to announce the launch of the NIFTY50 Index. Powered by bitsCrunch, one of the top providers of blockchain and NFT data, the NIFTY50 Index tracks the top 50 NFTs based on volume within the Ethereum ecosystem. Priced in ETH and updated daily, the index boasts a total daily volume of $12 million, featuring prominent NFTs like Pudgy Penguins, with a daily volume of $3 million.
Stefan Rust, CEO of Truflation says “The NIFTY50 Index brings greater industry transparency, and underscores our commitment to enhancing economic data." In addition, this collaboration with bitsCrunch represents another step forward in expanding the Truflation Stream Network (TSN). By leveraging bitsCrunch's NFT data, we aim to offer unparalleled value to our users, empowering them with reliable information in the rapidly evolving digital asset landscape."
This index will also serve as a valuable reference for fund managers and investment professionals seeking deeper insights into the burgeoning NFT market. Truflation's dedicated team of in-house data scientists and indexing specialists continue to support the development of additional indexes, offering industry performance benchmarks.
About bitsCrunch
bitsCrunch is a leading provider of blockchain and NFT data, offering comprehensive insights into the dynamic and evolving NFT market. With a focus on transparency and reliability, bitsCrunch empowers users with real-time data to make informed decisions in the digital asset space.
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About Truflation
Empowered by Coinbase and Chainlink, Truflation stands as the foremost DRP (Definite Reference Point) for economic veracity, driving the tokenization of Real World Assets through its independent, transparent, and real-time financial data. With a comprehensive index tracking over 18 million items, Truflation offers censorship-resistant data infrastructure, fueling systemic advancements in the DeFi economy. This empowers decentralized applications (dApps) such as DEXs to unlock boundless markets. From predicting orange juice and uranium prices to facilitating BTC-denominated oil, gas, and corn markets, Truflation unlocks a diverse range of financial instruments, heralding a new era in the Web3 landscape.