Cryptex Finance Will Launch on Arbitrum Today With Its New Product - Total NFT Market Cap Token

Cryptex Finance is an Ethereum-based protocol that lets investors get exposure to the total crypto market capitalization. The protocol leverages over-collateralization schemes and blockchain oracles to create a synthetic asset called $TCAP (Total Market Cap Token) that tracks the total market cap of cryptocurrencies.

According to the project's Twitter account, the protocol will launch its Arbitrum version on February 7, and introduce a new product, $JPEGz, a real-time exposure to NFT market capitalization. $JPEGz will be exclusive on Arbitrum.