What Benefits Does the CME Metaverse Movement Provide for Fight Out?

CME Group has developed reference rates and real-time indexes for three metaverse crypto assets, allowing investors to monitor pricing data in a format that is akin to traditional finance. This approach, created by CME Group, a platform used for derivatives trading, will allow investors to more accurately follow price movements. Introducing Three New Metaverse Reference Rates and Real-Time Indices On January 4, CME Group and CF Benchmarks revealed three new Metaverse reference rates and real-time indices. The indices will be calculated and distributed by CF Benchmarks beginning January 30.

This CME CF Benchmark suite of reference rates and real-time indices is based on pricing info originating from the most popular cryptocurrency exchanges and trading platforms, and contains reference pricing for Decentraland's MANA, Chiliz, and Axie Infinity (AXS) Shards.

Two or more cryptocurrency exchanges, such as Bitstamp, Coinbase, Kraken, itBit, and LMAX Digital, will present pricing information for AXS, CHZ, and MANA reference rates and real-time indexing. Daily asset reference rates in US dollars is going to be released at 4:00 PM GMT and a real-time index will be published every second.

CME Group to Introduce Three New Metaverse Tokens

CME Group has partnered with CF Benchmarks to bring three additional Metaverse tokens to their collection of regulated, non-tradeable Cryptocurrency Reference Rates and Real-Time Indices. This partnership was established to meet the rising demand for pricing services that are transparent, regulated, and can be accessed at any time. The methodology utilized to create them is subject to periodic expert assessment.

Due to better cost clarity over a wider range of crypto assets, investors will be able to compile portfolios tailored to their sector, devise more protectively-structured products, and account for price volatility around numerous Metaverse-related initiatives.

In the previous crypto boom, Metaverse tokens gained immense traction, as numerous projects pledged to develop digital representations of reality. Soaring to capitalize on the potential of this technology, Mark Zuckerberg's Facebook rebranded itself as Meta in October 2021.

Benchmarks from the CME derivatives trading giant's entry into the Metaverse will provide reliable and precise pricing data for tokens related to this exciting advancement in cryptocurrencies, where digital communities and properties can exist. This is helpful in the effort to further this innovative technology.

CME Group and CF Benchmarks: An Overview

CME Group, the biggest marketplace for derivatives, facilitates trading of futures, options, cash, and over-the-counter (OTC) products. It also enables users to streamline their portfolios and track data. Furthermore, it helps its clients manage risks and capitalize on opportunities. The CME Group offers a vast variety of global standards which cover a wide range of main asset classes, such as interest rates, stock indices, currencies, energy, agricultural commodities, and metals. CF Benchmarks is the greatest supplier of cryptocurrency benchmark indices and has authorization from the Financial Conduct Authority (FCA) in the UK, in accordance with EU Benchmark Regulation (EU BMR). The indices of this organization are created using data taken from six trading exchanges and are disseminated by an open procedure and through a managed oversight process for evaluating, calculating, and settling risk that is associated with cryptocurrency and associated financial services and products.

Fight Out: The Metaverse Fitness Revolution

The idea of working out in the metaverse existed long before the metaverse itself. Fight Out was the first to spark the enthusiasm of fitness aficionados, and many crypto projects have explored the probability of a fitness-centric metaverse. This can be seen from the massive sale of FGHT tokens during the presale, which proves that it's a hit even beyond the crypto community. If developed according to its whitepaper, FightOut (FGHT) has the potential to become the first mainstream crypto fitness application. It offers innovative blockchain features, as well as a more efficient move-to-earn system than what's been seen before.

The app functions similarly to a personal trainer, but users pay for their workouts with the FGHT token. Besides allowing users to track their fitness progress, FightOut also uses the data collected from workouts to improve the metrics of their metaverse avatar.

A Worldwide Network of Fitness Facilities

As a way to bridge the gap between the digital and physical worlds, FightOut is launching a global network of physical gyms with the first one planned to open in the first quarter of 2023. This is to enable their users to get the most out of FightOut's offerings and enable a more enriching experience by visiting these gyms, which is encouraged but not mandatory.

Take part in the Pre-Sales - $2.75 million

Investing in presales has traditionally been a great way for investors to generate considerable returns on early-stage startups, and there are a variety of advantages to getting in early. The FGHT presale is going strong, with over $2.75 million already raised. It is predicted that the current sale rate of 60.06 FGHT for $1 (FGHT can be bought with ETH or USDT) will likely increase as the sale progresses.