NFTfi Description
You can use your NFT assets as collateral for a loan or offer loans to others using their non-fungible tokens. Any ERC-721 token can be used as collateral. You can now be offered a loan by other users. Accepting a loan means that the ETH is paid out of the lender's account to you and your NFT is locked in the NFTfi smart contracts. The asset will be transferred to you once you have repaid the loan. The lender will transfer the asset to you if you fail to repay the entire amount by the due date. The potential for attractive returns can be achieved by small, short-term loans to other people. You should ensure that you fully understand the assets you are offering loans to and that you are willing to accept collateral in the event of default by the lender.
NFTfi Alternatives
YouHodler
YouHodler is a fintech company bridging the gap between traditional finance and crypto. We are dedicated to providing secure and innovative financial solutions to customers from over 100 countries
Crypto loans enable you to use your digital currency as collateral for generating cash. You receive 90% of the value of 30+ of the most popular cryptocurrencies. You can start with $100 and earn money with immediate withdrawals at bank accounts or credit cards. You can borrow using USD, EUR, CHF, or GBP.
YouHodler gives you the ability to exchange fiat or cryptocurrency. An application takes you through the conversion process to get your funds fast.
YouHodler pays up to 18% annually with weekly payouts by turning crypto assets into a yield account. Yield is paid every week into your crypto wallet. Those who like to buy and hold cryptocurrency find this beneficial for increasing their income and total returns.
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BitLoan
You can benefit from a low interest rate, as well as an easy online borrowing process. You can simply pledge your crypto assets to borrow funds in stable currency. Borrowers pledge crypto assets as collateral and choose their preferred loan terms and interest rates. The BitLoan market allows lenders to invest USDT/CNYT funds in BitLoan markets. They can then set their preferred loan matching criteria such as rates and terms. Our platform will match a borrower’s request with multiple lenders’ funds and borrowers can receive the funds immediately. Secure loans are generally offered at lower rates than other platforms. You can quickly apply using just a few taps on your smartphone. You can get funds without having to sell your crypto asset. The amount of repayment won't change if collateral prices rise. Simply repay your pledged assets and redeem them.
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OpenSea
The largest digital marketplace for crypto collectibles, non-fungible tokens (NFTs), and other assets. Discover, buy, sell, and discover digital assets such as Axies, ENS numbers, CryptoKitties and Decentraland. True digital ownership is key to creating new economies. OpenSea is the largest marketplace for user-owned digital products. This includes collectibles, gaming items and domain names. It also offers other assets that are backed by blockchain technology. OpenSea is excited about a new type of digital good, often called a non-fungible token or NFT. NFTs offer exciting new properties. They are unique, scarce, liquid, and can be used across multiple applications. You can do what you like with them, just as physical goods. They can be thrown in the trash, given to a friend around the world, or sold on an open market. They are programmable digital assets, which is a big difference from physical goods.
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Blockparty
Digital goods from your favorite brands and artists. You can collect NFTs and create your own storefront. Our Web 3.0 tools allow creators and brands create unique, connected items that are useful and enjoyable for their fans online and offline. Manage your unique items and multiple editions with digitally traceable Non Fungible Tokens. You can either sell or auction your items directly or create buzz around your limited edition Drop. Get paid in USD or Ethereum. Flexible Minting on Blockparty and Ethereum reduces minting fees and the environmental impact. New tools for creating custom storefronts, royalties, and other features are coming soon. For custom solutions, reach out to our team. Browse the Marketplace to find digital and physical items and experiences from the most renowned creators and brands. You can purchase or bid on Items using a credit card, debit card or MetaMask (now accepting USD or Ethereum).
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Integrations
Company Details
Company:
NFTfi
Year Founded:
2020
Headquarters:
South Africa
Website:
nftfi.com
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Product Details
Platforms
SaaS
Customer Support
Online
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