NFTfi is a decentralized finance (DeFi) protocol that functions as the leading marketplace for NFT-collateralized loans. The platform connects NFT owners who wish to unlock liquidity from their assets with lenders willing to provide cryptocurrency loans in exchange for an attractive yield. Borrowers list their NFTs as collateral, and lenders can make loan offers; if an offer is accepted, the NFT is locked in a secure smart contract until the loan is repaid with interest. Founded by Stephen Young, the company's mission is to provide a safe, simple, and decentralized way for the NFT ecosystem to access financial services.

Founded in

South Africa