Nft Lending Marketplace Arcade Officially Launches Platform Enabling Liquid Lending Markets For Nfts
Arcade, a DeFi marketplace and lending platform for loans backed by NFTs, officially launched today to the public, enabling NFT owners – from novice to high-net-worth – the ability to unlock liquidity on one or more of their NFTs on the Ethereum blockchain; providing the means for lenders and borrowers to come together to turn NFT holdings into liquid assets. According to the company’s announcement today, lenders that hold stablecoin or ERC 20 tokens can participate in a new source of decentralized finance yield by underwriting fixed-rate term loans collateralized by borrowers’ NFTs....