NFTfi Launches A More Advanced NFT Lending Aggregator

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By byrn
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NFTfi, one of the leading liquidity protocols for non-fungible tokens previously known as “NFT Finance,” has introduced a non-fungible token lending aggregator. The NFT lending aggregator will bring together listings for non-fungible token loans from multiple NFT lending marketplaces and sources into a single, unified interface. In this article, we shall explore more about this new NFT lending protocol.

NFTfi Launches An NFT Lending Aggregator

In a June 12 blog post, the NFT Finance (NFTfi) confirmed the introduction of its most advanced non-fungible token lending aggregator. Launched in 2020, NFTfi is one of the leading liquidity protocols for non-fungible tokens, allowing non-fungible token holders to borrow cryptocurrency from lenders by using their NFTs as collateral. In simpler terms, NFTfi is the market platform for NFT collateralized loans.

The NFTfi lending protocol introduced the financial functionalities of DeFi to the NFT space by fractionalizing NFTs into smaller, tradable units. In this case, it allows for the ownership of NFTs to be divided into smaller, tradable units, making it seamless for more crypto investors to invest in NFTs and access liquidity. Furthermore, it facilitates the creation of derivative and prediction markets based on NFTs, allowing users to speculate on the future value of NFTs.

In a nutshell, the NFTfi protocol expands the functionality of NFTs beyond their traditional use as collectibles, enabling them to participate actively in the financial markets. To streamline the NFT lending and bring more people on board, the NFTfi has introduced a non-fungible token lending aggregator, which the lending platform has described it as the most advanced aggregator.

What Makes The NFT Lending Aggregator Different?

The new NFT lending aggregator allows users to track non-fungible token loans from the leading NFT lending platforms, including Blend, Arcade, Zharta, and X2Y2. Unlike other platforms, the NFT lending aggregator platform offers aggregated data across protocols, annual percentage rate, duration, principal tracking, market trends, and smart accounts insights. It also allows users to track NFT refinancing from other NFT lending platforms. To celebrate the launch, NFTfi has reduced the protocol fees to 0%.

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