Blog
NFTfi in 2022: onwards and upwards
2021 has been an absolutely incredible year for the NFT space, and it has been for NFTfi as well. The monthly loan volume on our platform has grown by more than 100x since January, we have expanded our team from 3 in January to currently 15, and in November, we announced our Series A funding.
Using NFTs as Collateral with Stephen Young from NFTfi
In this episode of The Unstoppable Podcast, Stephen Young, the founder and CEO at NFTfi, talks about the peer-to-peer marketplace for collateralized NFT loans and explains decentralized finance to beginners.
We are funded!
We are happy to announce an investment of $890,000 from leading investors in the NFT space. From the outset, it was important for us to have investors on board that brought more than just money; we wanted partners who understood the space and had already been bitten by the NFT bug.
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The NFTfi Promissory Note: tokenizing loans as NFTs (ERC721)
When the borrower accepts your loan offer the NFTfi smart contract mints an ERC721 NFT into your account. We call this token a NFTfi Promissory Note.
What is the future of NFTs? w/ Stephen Young, Co-Founder of NFTfi
Ben, a research analyst at CoinGecko, talks with Stephen Young, the NFTfi founder and CEO. Stephen gives an insight into the world of NFTs, the challenges faced unique to NFT-type loans, and how NFTfi aims to pave the way for NFT loans!
Why NFTs need DeFi, with Stephen Young of NFTfi
Jamie Burke talks with Stephen Young of NFTfi, looking at how and why NFTs are increasingly being used as a form of collateral in DeFi loans.\n
3 lending strategies on NFTfi
Lending on NFTfi is ultimately about providing liquidity to another user, the borrower. In our contract, you as a lender exchange your loan in wETH for a claim to their NFT, which is used as collateral in the transaction. This piece aims to explore different lending strategies.
The great NFT x DeFi experiment: Part 3
My high-end NFTs are basically sitting as unproductive principal in the midst of a DeFi boom. I don’t want to sell them, but they are not doing any work for me either. Is it possible to take out an NFT loan, invest the funds, pay the loan back, and profit?
The great NFT x DeFi experiment: Part 2
My high-end NFTs are basically sitting as unproductive principal in the midst of a DeFi boom. I don’t want to sell them, but they are not doing any work for me either. Is it possible to take out an NFT loan, invest the funds, pay the loan back, and profit?
The great NFT x DeFi experiment: Part 1
My high-end NFTs are basically sitting as unproductive principal in the midst of a DeFi boom. I don’t want to sell them, but they are not doing any work for me either. Is it possible to take out an NFT loan, invest the funds, pay the loan back, and profit?
Launching NFTfi.com
The first post on NFTfi.com explains what NFTfi is and how to get an NFT loan. In this article we will go through the basic functionality of the NFTfi platform and answer a few common questions we’ve had already. Keep em’ coming!