[Analysis] NFT valuation, lending & borrowing: putting non-fungible assets to work
Andrew Steinword, Partner at Polynexus Capital, proposes to unleash the power of DeFi applications in the NFT space through NFT loan and leasing marketplaces. He explores how a NFT Collateralized Loan Marketplace and a NFT leasing marketplace would allow to better determine the fair value of NFTs and bring more adoption to this universe.
We are currently in the Friendster-era of NFTs, but we can get closer to the MySpace-era by taking traditional crypto market builds and modifying them for NFTs. Once NFTs have millions of users, a robust and highly liquid marketplace, we can finally enter the Facebook-era where the user-experience is seamless.
You can learn more about NFTs on our dedicated resource page.
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