What Are NFT Perpetual Contracts?

NFT (Non-Fungible Token) perpetual contracts are futures contracts based on the price of NFTs and have no expiration date. This means the contract can be held indefinitely, and investors can speculate on the rise or fall of the NFT's value. Trading on the market is based on the price of the NFT collection at the time the contract is made and changes in its value over time. Margins are typically required to secure an investor's position, but profits and losses are paid out in real-time based on changes in the value of the NFT.