Index Coop, a DAO that creates on-chain indices for the cryptocurrency market, has launched its NFT index, JPG. JPG aims to provide liquid access to the top NFT collections though a single index token. It consists of ERC-20 tokens exchangeable for or backed by NFTs. The token selected needs to have a $2m plus market cap, high liquidity, and must be related to NFT collections, which must represent art or collectibles. Currently, JPG features eight NFT assets including $PUNK and $XMON. In addition, Index Coop has created The Index x @cafpunk Collectooors collection and will be airdropping 30 of the Collectooors NFT Collection as JPG-ETH liquidity mining rewards.
