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_ @JPEGd_69 $JPEG

A MEGA Threadoooor 🧵 highlighting my thoughts and research on the upcoming JPEG'd protocol. The protocol that likely needs no introduction, lead by the whale himself @Tetranode 🐳 Image
1/ What is JPEG'd?

With first mover advantage in the space, JPEGd is a decentralised lending platform enabling borrowers to use their NFT's as the collateral for their loan. Truly bridging the gap between NFTs and DeFi.
2/ With liquidity being one of the most important aspects of every market and asset, it seems a natural progression for DeFi to tap in to the illiquid nature of NFTs, allowing investors to further leverage their assets whilst maintaining ownership for long term appreciation.
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