A pawn shop for NFTs? Startup NFTfi is bringing collateralized lending to the fast-growing NFT market, providing a gateway to DeFi for retail investors. Users can mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren't yet ready to part with their CryptoPunks or Bored Apes. "The Hash" squad discusses the latest move signaling the growing demand for DeFi applications.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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#cryptocurrency #digitalfinance #finance #bitcoin #crypto
Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk...
Site: https://www.coindesk.com
Twitter: https://www.twitter.com/coindesk
LinkedIn: https://www.linkedin.com/company/3104...
Instagram: https://www.instagram.com/coindesk
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Newsletters: https://www.coindesk.com/newsletters
CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkv...
Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8B...
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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Francisco Gimeno - BC Analyst DeFi plus NFT? Awesome and hugely interesting. Evolution and different iterations help to widen the creativity of the digital financial space. Using NFTs to mortgage and exchange for cryptos which can be sold or traded is a logic development. What will be the next interaction? What do you think?