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21Shares unveils NFT and metaverse ETPs in double launch

Decentraland is a virtual world owned by its users

Theo Andrew

a man wearing a suit and tie

21Shares has launched two crypto ETPs tracking decentraland and FTX.

The 21Shares Decentraland ETP (MANA) and the 21Shares FTX Token ETP (AFTT) are listed on the BX Swiss with total expense ratios (TERs) of 2.5%.

MANA offers exposure to the first decentralised user-owned virtual reality platform that allows users to create, experience and monetise content, including the purchase of land.

According to Decentraland, $180m of land has already been purchased.

Meanwhile, AFTT offers exposure to FTX, a crypto derivative exchange offering products including derivatives, options, volatility-related products and leverage tokens.

Users can stake FTT, the token used on the FTX exchange, to get free trading discounts and participate in “community government voting”.

Hany Rashwan (pictured), CEO and co-founder of 21Shares, said: “Adding the worlds’ first NFT and single Metaverse ETP and one of the world's leading crypto exchanges to our product suite is a key milestone for us in making crypto accessible for everyone.”

It is the fourth release by 21Share this year, following the launch of the 21Shares Aave ETP (AAVE), the 21Shares Chainlink ETP (LINK) and the 21Shares Uniswap ETP (AUNI) earlier this month.

The digital asset issuer also unveiled the world’s first ETP tracking the cosmos blockchain, the 21Shares Cosmos ETP (ATOM) ETP, and the world’s first terra ETP, 21Shares Terra ETP (LUNA), last month.

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