NFTfi and rektguy Join Forces in Community Partnership
April 12, 2023 ・ 3 min read
NFTfi, the most trusted NFT lending protocol with over $390M in total loan volume, is thrilled to announce its official partnership with rektguy, a community and brand that has taken NFT markets by storm. Following the uber-successful launch of the rektguy lending market and the constantly growing adoption of NFTfi among rektguy holders, both teams decided to join forces to take their collaboration to the next level.
As the official lending partner of rektguy, NFTfi will support the rektguy team to conduct joint community activities aimed at spreading NFT financial literacy. Together, we are looking to educate NFT enthusiasts so they can navigate the complex world of NFT finance confidently and leverage the opportunities that it offers.
Support of buy-backs
NFTfi will also use a portion of its platform fees to buy rektguy NFTs from the market and hold them for the long term. This supports rektguy's buy-back plan launched at the end of 2022 and will contribute to OSF’s & Mando’s (founders at rektguy) efforts to ensure their community's long-term sustainability and growth.
"This collaboration reflects our belief in the team and the special community they built," said Jack Bass at the NFTfi team. "We're committed to empowering NFT communities by bringing financialization to groups primarily focused on art and culture as well as providing this new wave of exciting online brands with innovative verticals for their growth."
Already supporting lending markets for rektguy, TABZ, Red Lite District, and OSF Art collections, NFTfi is committed to supporting NFT finance adoption among their respective communities. rektguy has become the fastest-ever adopted new project on the NFTfi platform, thanks to its passionate and financially-literate community, and now, supported by the NFTfi team and Ambassadors, it looks to break a few more records.
“There's a curious hesitance among many NFT holders to NFT lending, but that’s because there’s a lack of education. We want to change that, we’re delighted to form a partnership with NFTfi that will benefit both communities,” said OSF.
Stay tuned to our upcoming announcements!
Rektguy is just like art and culture and stuff.
NFTfi is the leading liquidity protocol for NFTs. It allows NFT holders to receive secured ETH, USDC and DAI loans from liquidity providers peer-to-peer. NFTfi’s vision is to build a decentralized, permissionless, user-owned public utility, supporting the seamless financialization of NFT-based economies through innovative mechanisms and highly user-friendly applications. To learn more about NFTfi, join our thriving Discord community, or check our Twitter.
This article is for educational and informational purposes only and should not be considered financial advice. Conduct your own research and due diligence before making any investment or financial decisions, such as when considering novel products including NFT loans.
August 11, 2023
NFTfi – P2P NFT Lending Protocol: From PFPs & Art to RWA
Stephen Young and Storm from NFTfi joined the Epicenter Podcast to discuss the general state of the NFT market, future prospects for NFT development, and how NFTfi, a P2P NFT lending platform, unlocks new sources of liquidity in this bear market.Learn more >
August 08, 2023
Earn Season 1: Introducing Loan Streaks
Today, we are updating Earn Season 1 by introducing loan streaks, a new way to secure Earn Bonus Points. This feature specifically rewards platform loyalty and long-term loans.Learn more >
August 03, 2023
A complete guide to allowances on NFTfi
In this article, we explain everything borrowers and lenders need to know about allowances on NFTfi. In order to fund or repay loans on NFTfi, our smart contracts need permission to move the ERC-20 tokens you are using.Learn more >