South Africa’s NFTfi raises $5M so people can use their NFTs as collateral for loans

South Africa’s NFTfi raises $5M so people can use their NFTs as collateral for loans

2 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/11/16/south-africas-nftfi-raises-5m-so-people-can-use-their-nfts-as-collateral-for-loans/

Once regarded as a fad (for some, it still is), NFTs, digital assets that depict real-world objects, are becoming increasingly popular within and outside the crypto world.

But with large amounts of capital locked into illiquid NFTs, more people are looking for ways to unlock liquidity without selling their NFTs.

South Africa’s NFTfi raises $5M so people can use their NFTs as collateral for loans

Nov 16, 2021, 3:50pm UTC
https://techcrunch.com/2021/11/16/south-africas-nftfi-raises-5m-so-people-can-use-their-nfts-as-collateral-for-loans/ > Once regarded as a fad (for some, it still is), NFTs, digital assets that depict real-world objects, are becoming increasingly popular within and outside the crypto world. > But with large amounts of capital locked into illiquid NFTs, more people are looking for ways to unlock liquidity without selling their NFTs.