NFTfi
nftfi.comLocations
Cape Town, South Africa · Cape Town, South Africa
industry
Blockchain and Crypto · Commerce and Shopping · Finance
Size
11-50 employees
Stage
Series A
founded in
2017
NFTfi is an NFT collateralized lending marketplace that can use NFT assets as collateral for a loan or lend to other users. It enables NFT holders to borrow cryptocurrency from lenders by using their NFTs as collateral. When they accept a loan offer, the NFT goes into a secure escrow smart contract and receives the wETH, DAI, or USDC from the lender directly to their wallet. To determine whether an NFT is worth a loan, users employ a common practice in the traditional art world in which banks, large galleries, or auction houses offer loans to artists.
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