Why Metaverse Move By CME Derivatives Trading Giant is Good News For Fight Out
With the introduction of CME Group’s reference rates and real-time indexes for three metaverse crypto assets, investors will be able to keep better tabs on pricing data using a technique that is more familiar to the world of traditional finance.
It will let investors track price data more accurately by using a method created by CME Group, a marketplace for derivatives, to set reference rates and real-time indexes used in traditional finance.
Three New Metaverse Reference Rates and Real-Time Indices
CME Group, the largest derivatives marketplace, and CF Benchmarks, the leading cryptocurrency benchmark indices provider, announced three new Metaverse reference rates and real-time indices on January 4. CF Benchmarks will calculate and publish these indices daily starting January 30.
✅ Decentraland and The Sandbox Price Predictions – Metaverse Coins Pump And Why the CME is Behind It— INTERCEDE__FINANCE (@INTERCEDE_) January 7, 2023
✳️ CME Group is planning to expand its offerings in the crypto space.
More info on our IG https://t.co/9tgwxuWn5X pic.twitter.com/yLEjcGBi0Q
The CME CF Benchmark family of reference rates and real-time indices uses pricing data from the top cryptocurrency exchanges and trading platforms for these new Metaverse benchmarks. Reference pricing for Decentraland’s MANA, Chiliz, and Axie Infinity (AXS) Shards was announced.
At least two cryptocurrency exchanges, including Bitstamp, Coinbase, Kraken, itBit, and LMAX Digital, will provide pricing data for AXS, CHZ, and MANA reference rates and real-time indexes. Daily asset reference rates in US dollars will be released at 4:00 PM GMT and It will also publish the real-time index every second.
CME Group Will Add Three Additional Metaverse Tokens
CME CF Reference Rates and Real-Time Indices are based on a robust methodology that is subject to expert review on a regular basis. It intends to address the growing demand for transparent, regulated, and 24-hour pricing. CME Group will add three more Metaverse tokens to its collection of regulated, non-tradable Cryptocurrency Reference Rates and Real-Time Indices in collaboration with CF Benchmarks.
Furthermore, because of improved price transparency across more cryptocurrency products, market participants will be able to price industry-specific portfolios, develop structured products with greater security, and manage price risk around several Metaverse-based projects.
CME Group to launch 3 metaverse reference rates— Mr Legend Crypto (@mrlegendcrypto) January 6, 2023
Axie Infinity, Chiliz and Decentraland will be represented in CME’s new reference rates and real-time indexes. pic.twitter.com/lQKgKAyAAJ
The popularity of Metaverse tokens skyrocketed during the previous crypto bull market, when several projects made promises to create digital replicas of the real world. In recognition of future opportunities, Mark Zuckerberg’s Facebook changed its name to Meta in October 2021.
These benchmarks will provide accurate and dependable pricing information for tokens associated with the Metaverse, a fascinating new development in cryptocurrencies in which communities and properties can exist online.
As a result, the CME derivatives trading giant’s entry into the Metaverse is beneficial to the fight.
About CME Group and CF Benchmarks
The CME Group, the world’s largest derivatives marketplace, allows customers to trade futures, options, cash, and over-the-counter (OTC) markets. Additionally, its users can optimize portfolios and analyze data. It enables market participants to manage risk and take advantage of opportunities.
The CME Group’s exchanges provide the most comprehensive selection of global benchmark products for all major asset classes, including interest rates, equities indices, foreign currency, energy, agricultural goods, and metals. The largest provider of cryptocurrency benchmark indices is CF Benchmarks. Under the EU BMR, it is authorized and regulated by the UK FCA.
Its benchmark indices, which are composed of market data from six constituent exchanges, are provided via open methodology and transparent governance for monitoring, estimating, and settling risk in crypto financial services and products.
Fight out; Fitness in the Metaverse
The concept of exercising in the metaverse predates the metaverse itself. Fight Out was the first to capture the interest of fitness enthusiasts, but several crypto projects have investigated the prospect of a fitness metaverse. The high turnover of FGHT tokens during the presale illustrates the project’s popularity outside of the cryptocurrency field.
FightOut has the potential to be the first mainstream crypto fitness application if the ecosystem develops as outlined in the whitepaper. The app’s novel blockchain aspects are underpinned by a robust move-to-earn mechanism that greatly outperforms previous models.
The FightOut (FGHT) platform functions similarly to a personal trainer, except that workout time is pre-paid using the FGHT token. All activities are monitored and can be used to improve the metrics of one’s metaverse avatar.
FightOut Developments; Global Network of Physical Gyms
Since it was critical to bridging the gap between the actual and virtual worlds, FightOut’s developers did not make their platform reliant just on their smartphone app. The FightOut team is now working on establishing a global network of physical gyms, with the first one slated to open in the first quarter of 2023.
Participating in the FightOut community and taking advantage of everything the company has to offer is made easier in large part by visiting these gyms, which are not required but strongly suggested.
Participate in the Presale—$2.75 Million
Raised Presales have historically been one of the best ways for investors to unearth outsized gains on early-stage enterprises, and there are several benefits to getting in on the action early. The FGHT presale is going well, with about $2.75 million already raised.
As the sale unfolds, the current selling price of 60.06 FGHT for $1 (FGHT may be purchased using ETH or USDT) is projected to grow.