Red Hare Analytics Partners with BOAFG for NFT Business Collaborations

Red Hare Analytics (“RHA” or “Red Hare”) has officially partnered with BOA Financial Group (“BOAFG”) to explore business opportunities in the NFT space.

Red Hare Analytics is a leading Web 3.0 NFT big data company and Asia’s First NFT Index. Its services include products and services, including NFT indexes and index-related services, NFT-related analytics, NFT data APIs, NFT-related technical development, NFT incubation services, and others. BOAFG is a Hong Kong company that provides consulting services to its group company, Bank of Asia (BVI) Limited (“Bank of Asia”), a fully licensed bank incorporated in the British Virgin Islands.

In May 2022, Red Hare launched Asia’s first NFT index, including the index “RHNI” to track the overall performance of general NFT markets and specific NFT indexes to track the price movements of individual NFT collections. In June 2022, Red Hare launched the first NFT Fear and Greed Index to provide a multi-dimensional indicator to gauge NFT market sentiment daily.

As part of its plan to expand across Asia and the rest of the world, BOAFG and Red Hare will work together to explore further business opportunities in NFT markets, particularly setting up a JV to obtain an NFT derivative license in the BVI, set up co-brand NFT Index funds, and run Red Hare NFT Index on more financial institutions, including on Bank of Asia’s website and more platforms designated by BOAFG.

BOAFG’s chairman, Ian Wen, remarked, “We are witnessing a rapid growth of NFT market and metaverse in the past two years. With the advent of Web3, the future of the world wide web is built on blockchain technology and NFTs. We have confidence that with this partnership, Red Hare Analytics will become the pioneer in the NFT sector.”

“We’re thrilled to enter into a partnership with BOAFG, and this partnership is an exciting first step for us in enabling the financialization of the NFT sector,” said Anson Kwok, founder and CEO of Red Hare.