NFTfi

NFTfi is a peer-to-peer decentralized liquidity protocol that enables NFT holders to borrow cryptocurrency by using their non-fungible tokens as collateral.

Founded in 2020 by Jonathan Gabler and Stephen Young, the company operates a permissionless marketplace where borrowers can list their NFTs and receive loan offers from lenders. NFTfi is headquartered in Tortola, British Virgin Islands, and has raised over $11 million in funding. The platform allows users to borrow cryptocurrencies like wrapped ether (wETH), USDC, and DAI by locking their ERC-721 NFTs as collateral. It features fixed-term loans with no auto-liquidations, reducing the risk of sudden asset loss. Borrowers can also renegotiate loan terms if needed and can take loans against bundles of multiple NFTs. NFTfi serves a diverse clientele, including NFT collectors, artists, institutions, and liquidity providers, facilitating access to funds without the need to sell valuable digital assets.