{"id":15385,"date":"2021-12-17T07:54:04","date_gmt":"2021-12-17T07:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-lender-nexo-launches-nft-lending-desk-loans-up-to-20-for-popular-nfts\/"},"modified":"2021-12-17T07:54:04","modified_gmt":"2021-12-17T07:54:04","slug":"crypto-lender-nexo-launches-nft-lending-desk-loans-up-to-20-for-popular-nfts","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/crypto-lender-nexo-launches-nft-lending-desk-loans-up-to-20-for-popular-nfts\/","title":{"rendered":"Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs"},"content":{"rendered":"<p><strong>On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don\u2019t want to sell their NFTs. <\/strong><\/p>\n<h2>Nexo to Offer Loans for Bored Ape and Cryptopunks NFT Collateral<\/h2>\n<p><span>NFTs have become a big deal in 2021 and a billion-dollar industry almost overnight. Popular collections like the Bored Ape Yacht Club (BAYC), Cryptopunks, and Meebits have sold for hundreds of thousands and even millions of dollars per NFT. This week, the blockchain-based lending platform <a href=\"https:\/\/nexo.io\/?v=t5\">Nexo<\/a> has <\/span><a href=\"https:\/\/nexo.io\/blog\/n-to-the-f-to-the-n-f-t-check-out-our-nft-lending-desk\"><span>revealed<\/span><\/a><span> a lending desk dedicated to offering liquidity to NFT owners who use their NFTs as collateral.<\/span><\/p>\n<\/p>\n<p><span>On the company\u2019s blog, Nexo explains that NFT owners can get \u201cinstant liquidity without having to sell your precious NFTs.\u201d Right now the firm is accepting NFTs from two collections Bored Ape Yacht Club and Cryptopunks. In the future, Nexo says other collections will be added to the list of accepted NFTs. In terms of credit withdrawals, Nexo customers can withdraw stablecoins, <a href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\/\">ethereum (ETH)<\/a>, and other digital assets. <\/span><\/p>\n<p><span>\u201cBorrow up to 20% of the value of your BAYC or Cryptopunks without selling them,\u201d Nexo says. \u201cNo Credit Checks [and] prompt loan approval without the hassle of credit scores and inquiries,\u201d the lender <a href=\"https:\/\/nexo.io\/blog\/n-to-the-f-to-the-n-f-t-check-out-our-nft-lending-desk\">notes<\/a>. Nexo says the NFT lending process will be a \u201cwhite-glove service,\u201d and there are \u201cno liquidations before maturity, even if the value of your NFT fluctuates during the course of the loan, you won\u2019t get liquidated.\u201d<\/span><\/p>\n<p>Seeing how the NFT lending desk will be an over-the-counter (OTC) service, loan applicants need to fill out a specialized form. Essentially, an NFT owner would apply, fill out a form with their specific NFTs ID number, and then wait for a Nexo representative to contact them.<\/p>\n<p>\u201cOur NFT Lending Desk and art financing functionalities are just the beginning of Nexo\u2019s NFT and metafi journey, with more investment-grade products, accessible, secure, and high-profit exposure to the NFT market coming to our product suite soon,\u201d Nexo\u2019s announcement concludes.<\/p>\n<p><em><strong>What do you think about Nexo launching an NFT lending desk dedicated to offering liquidity to BAYC and Cryptopunks NFT holders? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nNews, BAYC, Blockchain lender, Bored Ape Yacht Club (BAYC), cryptopunks, Liquidity, Loan for NFT, loans, Maturity, Nexo, Nexo lending, Nexo service, nft, NFT backed loans, NFT lending, NFT lending desk, NFT loans, NFTs, Non-fungible Token, OTC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don\u2019t want to sell their NFTs. Nexo to Offer Loans for Bored&hellip;<\/p>\n","protected":false},"author":0,"featured_media":15386,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15385"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15385"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15386"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}