Premier crypto lending institution, Nexo, has launched a brand new financing option. Now, owners of exclusive assets can unlock their monetary potential while maintaining control of their prized NFTs.
Through a unique partnership with NFT-focused hedge fund, Three Arrows Capital, Nexo has launched the NFT Lending Desk. An ingenious initiative that provides NFT collectors the freedom to lend against their assets, allowing them to borrow stablecoins, Ether, and other blockchain currencies using their high-value NFTs as collateral.
Backing up their initial launch, blue chip NFTs from both the CryptoPunks and Bored Ape collections are accepted on the platform, with Nexo ready to add a number of assets over the coming weeks. All this is made possible through Three Arrows Capital’s risk hedging, valuation, and liquidation mechanisms paving the way for a mutually beneficial partnership, and setting the tone for the future of decentralized financing.
Introducing our #NFTLending Desk – the place where you can take out a loan against your @BoredApeYC apes and @larvalabs #CryptoPunks.#MetaFi is here and we’re the ones building it!https://t.co/ZUsFFciS4p
— Nexo (@NexoFinance) December 16, 2021
Speaking of the potential of Nexo’s latest offering, co-founder, Antoni Trenchev, offered the following sage words. “NFTs’ potential reaches far beyond art, encompassing ownership, exclusive access, functions, and features. As we continue to discover the full scope of this asset class, services like Nexo’s lending will be in high demand to unlock NFTs’ underlying value while allowing users to retain ownership.”
Nexo stands alone as the world’s number one regulated digital asset institution, focused on accessing the true value of today’s digital investments. The company offers tax-efficient instant crypto credit lines, a high-yield earn crypto interest suite, and an instant exchange service, while also preparing for a future of more investment-grade products catering for the burgeoning NFT market.
Take a look at the NFT Lending Desk >> Here
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