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 the BNB Smart Chain

4 Mins read
Binance has long been one of the leading cryptocurrency exchanges in the world. With their own blockchain – the BNB Smart Chain…
NFTs

Trump’s ‘Official’ Memecoin Skyrockets to $24 Billion Valuation Within Hours

1 Mins read
The President-elect’s social media accounts promoted the TRUMP token as crypto industry executives gathered in Washington for a Crypto Ball. Source link
NFTs

Op-Ed: The Artist and the Artificial Sublime

6 Mins read
I. Summoning Monsters from the Fog Machine Type the incantation into the prompt, press enter, and wait. Seconds later, from a pixelated…

 

 

Leave a Reply

Your email address will not be published.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