NFTfi
NFTfi is a platform where NFT owners can use their NFT assets as collateral to borrow cryptocurrency from lenders or lend to other users. This allows NFT holders to access funds by pledging their NFTs as collateral. When a loan offer is accepted, the NFT is held in a secure escrow smart contract and the cryptocurrency is sent directly to the borrower's wallet. The assessment of the NFT's value for the loan follows a similar process used in the traditional art world, where institutions such as banks, galleries, or auction houses offer loans to artists based on the value of their art.
NFTfi is a platform where NFT owners can use their NFT assets as collateral to borrow cryptocurrency from lenders or lend to other users. This allows NFT holders to access funds by pledging their NFTs as collateral. When a loan offer is accepted, the NFT is held in a secure escrow smart contract and the cryptocurrency is sent directly to the borrower's wallet. The assessment of the NFT's value for the loan follows a similar process used in the traditional art world, where institutions such as banks, galleries, or auction houses offer loans to artists based on the value of their art.
NFTfi has raised $11.0M across 2 rounds. Full funding history, investors, and team are detailed below.
Funding history
2 rounds on record — latest round shown, the rest unlock with a paid plan.
Unlock 1 earlier round — dates, amounts, round types — plus the lead investor for every round.
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