Blockchain & Tech

Collateral Marketplace NFTfi raises $5M in Series A Funding

NFTfi, a marketplace for NFT collaterized loans is dedicated to helping founders bootstrap token networks.

NFTfi plans use the funding to further develop an NFT-based financial infrastructure and bring new NFT-focused financial products to the market.

There are two options on the NFTfi platform: lend and borrow. Users can put their NFT assets up as collateral for a loan, or offer loans to other users on their NFTs. Lenders can get impressive returns, and of course, keep the NFTs if the borrower does not pay back the loan.