NFTs

NFT Lending Protocol NFTfi Hits $15M in Total Funding

1 Mins read

Source: X (NFTfi.com)

NFTFI’s recent focus has been on Real World Assets (RWAs), partnering with Fabrica Land to unlock loans backed by Tokenized Real Estate, with further expansion into the tokenisation of luxury watches on the horizon.

To date, NFTfi’s total loan volume has exceeded $534 million USD, with users accruing over $15 million USD in interest to date on collateral loans for blue-chip NFTs such as CryptoPunks, Bored Apes, Autoglyphs and more.

With NFT trading on the rise, and the total market cap for NFTs sitting at around $10 billion USD, the NFT financial sector looks set to move in parallel with the market across 2024.

Want more? Connect with NFT Plazas

Subscribe to our Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.



Source link

Related posts
NFTs

A Complete Guide to Ethereum in 2024

4 Mins read
One blockchain is at the heart of the modern web3 landscape – Ethereum. As the first blockchain to support smart contracts, and…
NFTs

AI Meets Crypto: The Decentralized Revolution in Venture Capital and Finance

1 Mins read
The game is changing. The walls of the VC fortress are crumbling; a more open and equitable system is coming. It’s time…
NFTs

Judge Failla Orders SEC to Provide Documents in Coinbase Case, Excludes Gensler Testimony

1 Mins read
A New York judge, Judge Failla, has ordered the U.S. Securities and Exchange Commission (SEC) to provide certain documents requested by Coinbase…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *