Mecone

What it does

The future of finance will be more open and global, with participants of every kind, retail and institutional alike, trading more of the world's assets with less friction than ever before. In this future, Perpetual Futures ("Perps") will become the primary tool for speculation and hedging. With this future in mind we're building the financial infrastructure to let anyone trade Perps on any underlying asset. Today, Perps only exist on a handful of asset classes (e.g. the biggest commodities, FX, public equities, crypto). But there are a myriad of highly attractive long tail assets that Perps have failed to reach. We've developed a novel methodology that leverages prediction market data to create continuously updating indices for a wide range of frontier assets (e.g., fine art, real estate, rare earth metals, Pre-IPO companies, etc). Our initial goal is to license these indices to Perp exchanges. Eventually, we plan to build our own U.S,-Based Perp exchange for frontier assets.