On the Ethereum blockchain, NFT holders can unlock liquidity on one or more of their NFTs, allowing lenders and borrowers to come together to transform NFT holdings into liquid assets.
Lenders using stablecoins or ERC 20 tokens may now engage in a new source of decentralised finance yield by underwriting fixed-rate term loans secured by borrowers’ NFTs. Arcade’s platform employs the Pawn Protocol to escrow valuable assets on the Ethereum network.
It has been open only to affluent NFT owners, institutions, and DAOs since its introduction in 2020, with over $15 million in escrow and $6 million in loan volume.
Wondering what NFTs are? Here’s a guide on – What are NFTs
Want to get one yourself? Here’s more info on – Where to buy NFTs
Wondering how NFTs work? Here’s your guide.
How to invest in NFTs – Earn money from NFTs by investing, maybe?
How to buy NFTs – Buy an NFT yourself.
Also, check out the guide on – How to make money with NFTs
You could make an NFT yourself – Here’s how to make NFTs
And finally, read on how to sell NFTs. Useful stuff! 😉
