The Coin Shark: The First Pawnshop for NFT Facilities Will Be Financed by Animoca Brands
The First Pawnshop for NFT Facilities Will Be Financed by Animoca Brands?
Animoca is actively engaged in the development of projects in the field of gamification, AL, and blockchain. It released such popular games as The Sandbox, Crazy Kings, REVV tokens and SAND. Among its partners are Dapper Labs (creator of CryptoKitties), WAX and dozens of other companies
In addition to gaming, Animoca's interest is focused on NFT. So, Animoca decided to finance the online pawnshop NFTfi Genesis Limited. This is a peer-to-peer market where you can issue or receive loans under NFT collateral.
The market will support NFT for collateral as well as WETH or DAI as a loan. It should be noted that at the moment the company has been working for more than six months. Loans amounting to $1.5 million were issued.
During the current round of funding, more than $890,000 was raised. The competition of Animoca was made up of Coinfund, 1KX and other companies. So, collateral lending under NFT is a very profitable business.
📌 Subscribe to our Telegram, Twitter and Facebook to be the first to know the news of cryptocurrencies!
Additional Info
- Read full article on: The Coin Shark
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.