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NFT derivatives are an emerging market that offers new ways to trade non-fungible tokens. These derivatives include options and futures, providing investors with leverage and the ability to speculate on the future value of NFTs without owning the underlying asset. Options give the holder the right, but not the obligation, to buy or sell an NFT at a set price within a specific time frame. Futures, on the other hand, are agreements to buy or sell an NFT at a predetermined price on a future date. This allows for hedging against price volatility and opens up new investment strategies in the digital art and collectibles space.
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