Thread by @MrSimonBase

👀 NFT-Fi on @SuiNetwork

Recently #NFTFi has sparked much attention in crypto spaces.

With the rapid growth of the NFT market, NFTFi will indeed become big and bring many opportunities for users.

🧵 So can NFTFi grow on #SuiNetwork? Let's take a look

$SUI #NFT #Suistation

What is NFT-Fi?

In short, #NFTFi is the combination of #NFT and #DeFi

The projects within the NFTFi space are designed to increase liquidity for NFTs - an asset that has always been considered illiquid due to the volatility of the market and also due to their unique nature.

These projects will also help increase cash flow optimization for NFT collectors, thus creating more incentives for them to buy and hold NFTs as a long-term asset rather than a speculative instrument as it is now.

There're many notable sectors on #NFTFi sectors, such as:

- NFT Marketplace & Liquidity Protocol
- NFT Lending/Borrowing
- NFT Aggregator
- NFT Derivatives
- NFT Fractionalization
- And many more...

You can see the list of notable NFTFi projects here:

As we said above, lately #NFTFi has sparked much attention in crypto spaces. Especially since the listing of the $BLUR token and $BLUR airdrop.

And with the rapidly growing state, #NFTFi will indeed bring many opportunities for users and investors.

So can NFTFi evolve in #SuiNetwork?

NFT has been the fastest growing sectors in Sui Ecosystem. With many or even hundreds NFT projects in Sui, the NFT community is very powerful here.

And with this potential, NFTFi can set foots and grow in Sui Ecosystem.

There's been some NFT Marketplaces in Sui. Some notable names are:

- @BlueMove_OA
- @Clutchy_io
- @KeepSakeMarket
- @nft_souffl3
- And many more...

Especially BlueMove has NFT Lending and NFT Orderbook in their roadmap

Also, KeepSake will soon introduce NFT renting and lending

With that in mind, we believe NFTFi'll have the chance to grow big in Sui

But IMHO, there're some problems:
- Need some leading or blue-chip NFT collections on Sui
- Need more NFTFi ideas that attract liquidity
- It takes time to know whether Sui NFTs attract liquidity or not...

But hey, Sui is still in the early stage, and we'll have an epic journey with many surprises ahead.

That's concluded the question about #NFTFi on Sui. Hope you'll find our thread helpful 🥰

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