1. By merging the DeFi and NFT sectors, our NFT peer-to-peer lending platform comes to support non-fungible token owners and offers them alternatives to selling. All you have to do is use your NFT as collateral for loans and receive cryptocurrency that you can use for metaverse purchases or that you may turn into FIAT.

2. The lending process is intuitive and collaborative. You start by listing your non-fungible token on the platform, as well as mentioning the amount you need. Those with disposable crypto or FIAT take a look and approach NFT owners.

3. Next, the parties negotiate the Annual Percentage Yield and overall terms through our platform’s messaging feature. Once these are agreed, the smart contract is put in place and the NFT is moved from the owner’s wallet into an Escrow account. The lender may take ownership of the NFT only if you fail to repay the loan and its associated interest rates. The moment the full value is returned, in the correct time period, the NFT is returned into your possession.

4. When loans are defaulted, the NFT is moved to the lender’s wallet, giving them full ownership and control over it. Imagine getting the non-fungible token you desire for up to 50% of its price. Quite a good deal, if you do the math, right?