NFTfi
Cape Town
About NFTfi
NFTfi is an NFT collateralized lending marketplace that can use NFT assets as collateral for a loan or lend to other users. It enables NFT holders to borrow cryptocurrency from lenders by using their NFTs as collateral. When they accept a loan offer, the NFT goes into a secure escrow smart contract and receives the wETH, DAI, or USDC from the lender directly to their wallet. To determine whether an NFT is worth a loan, users employ a common practice in the traditional art world in which banks, large galleries, or auction houses offer loans to artists.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1 – 10
- Estimated revenue: $1K – $10K
- Total funding: $11.9M
- Funding stage: Early Stage Venture
- Last round: Series A (Mar 2024)
- Website: nftfi.com
Industries & Categories
Finance, Financial Services, Marketplace
Social Profiles
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