1/ General landscape of #NFTFi
#NFT is gaining popularity and is simple for users to understand. I believe #NFTFi will be a major trend, similar to #DeFi summer.
A deep-dive thread about #NFTFi👇🧵
#NFT is gaining popularity and is simple for users to understand. I believe #NFTFi will be a major trend, similar to #DeFi summer.
A deep-dive thread about #NFTFi👇🧵
2/ What's #NFTFi
#NFT Finance is the involvement of #NFT in activities such as lending/borrowing, AMM, derivatives and staking,,. #NFT are similar to tokens, but the difference is that #NFT are one-of-a-kind images.
#NFT Finance is the involvement of #NFT in activities such as lending/borrowing, AMM, derivatives and staking,,. #NFT are similar to tokens, but the difference is that #NFT are one-of-a-kind images.
3/ #NFT marketplace
#NFT marketplace is also comparable to #Binance. The NFT marketplace is a place where liquidity is fiercely competitive. The leading exchanges will be #NFT marketplaces that provide numerous benefits to users and creators.
#NFT marketplace is also comparable to #Binance. The NFT marketplace is a place where liquidity is fiercely competitive. The leading exchanges will be #NFT marketplaces that provide numerous benefits to users and creators.
4/ Opensea
@opensea's the first mover platform in the NFT marketplace => high reputation => High volume and high liquidity. So, That is Opensea 's selling point. However, Opensea has recently faced stiff competition from @blur_io.
Will Oeasea's token be released soon?
@opensea's the first mover platform in the NFT marketplace => high reputation => High volume and high liquidity. So, That is Opensea 's selling point. However, Opensea has recently faced stiff competition from @blur_io.
Will Oeasea's token be released soon?
5/ X2Y2
The selling point of @the_x2y2 is to entice users to buy and sell NFT on the platform in exchange for #X2Y2. In addition, @the_x2y2 is expanding its peer-to-peer lending/borrowing services.
The selling point of @the_x2y2 is to entice users to buy and sell NFT on the platform in exchange for #X2Y2. In addition, @the_x2y2 is expanding its peer-to-peer lending/borrowing services.
https://twitter.com/Hienfromvn/status/1631330311765364739
6/ Magic Eden
@MagicEden is #Solana's largest NFT marketplace. They have also migrated to #Ethereum, but they are unable to compete for market share with other NFT marketplaces. @MagicEden can be seen as opensea on #Solana
@MagicEden is #Solana's largest NFT marketplace. They have also migrated to #Ethereum, but they are unable to compete for market share with other NFT marketplaces. @MagicEden can be seen as opensea on #Solana
7/ NFT marketplace comparison
8/ What's #NFT aggregators
The #NFT aggregator is the #NFT's liquidity aggregator. Allows traders to quickly sweep #NFT collections while also reducing time and transaction fees for traders.
The #NFT aggregator is the #NFT's liquidity aggregator. Allows traders to quickly sweep #NFT collections while also reducing time and transaction fees for traders.
9/ Blur $Blur
@blur_io is currently the market's largest NFT aggregator. Blur is currently building an NFT marketplace to compete with Opensea. @blur_io launched its token on February 14th, and we should keep an eye on $Blur.
@blur_io is currently the market's largest NFT aggregator. Blur is currently building an NFT marketplace to compete with Opensea. @blur_io launched its token on February 14th, and we should keep an eye on $Blur.
10/ What's NFT lending/borrowing platform
NFT lending is a growing sector within the NFT industry. Like DeFi lending, NFT lending is the act of collateralizing your NFT in exchange for immediate access to a crypto loan, usually facilitated on-chain via a smart contract.
NFT lending is a growing sector within the NFT industry. Like DeFi lending, NFT lending is the act of collateralizing your NFT in exchange for immediate access to a crypto loan, usually facilitated on-chain via a smart contract.
11/ NFTfi
@NFTfi is a peer-to-peer lending/borrowing platform with the largest market share in the NFT lending and borrowing segment.
@NFTfi is a peer-to-peer lending/borrowing platform with the largest market share in the NFT lending and borrowing segment.
12/ P2Peer lending/borrowing platform advantages
+ Oracle is not required
+ The system is scalable across different classes and categories of NFT
+ Risk-free for the protocol if NFT is sold to marginal buyer upfront
+ Oracle is not required
+ The system is scalable across different classes and categories of NFT
+ Risk-free for the protocol if NFT is sold to marginal buyer upfront
13/ BendDAO $BEND
@BendDAO is a peer-to-pool lending/borrowing platform with the second largest market share in the NFT lending/borrowing segment. @BendDAO is similar to AAVE
@BendDAO is a peer-to-pool lending/borrowing platform with the second largest market share in the NFT lending/borrowing segment. @BendDAO is similar to AAVE
14/ P2Pool lending/borrowing platform advantages
+ white-listed NFT collateral has strong liquidity
+ speed but lose flexibility
+ white-listed NFT collateral has strong liquidity
+ speed but lose flexibility
15/ JPEG'd $JPEG
@JPEGd_69 will be regarded as Maker DAO. This also speaks to JPEG'd's working mechanism, which is that users can deposit NFTs accepted by the platform into the pool, after which they can mint stablecoin $PUSd and use it on other platforms
@JPEGd_69 will be regarded as Maker DAO. This also speaks to JPEG'd's working mechanism, which is that users can deposit NFTs accepted by the platform into the pool, after which they can mint stablecoin $PUSd and use it on other platforms
16/
@JPEGd_69 is accumulating CVX and preparing for a #CurveWar. It can be seen that from the beginning of the year to the present, @JPEGd_69's TVL has increased from $19M to $34M.
@JPEGd_69 is accumulating CVX and preparing for a #CurveWar. It can be seen that from the beginning of the year to the present, @JPEGd_69's TVL has increased from $19M to $34M.
17/ What's NFT derivatives
NFT derivatives are a product that lets users bet on the future prices of an NFT. It is a kind of speculating the price on the future date. It facilitates small traders' exposure to high-cost NFT collectives.
NFT derivatives are a product that lets users bet on the future prices of an NFT. It is a kind of speculating the price on the future date. It facilitates small traders' exposure to high-cost NFT collectives.
18/ NFTperp
@nftperp has only been in beta since December, but the transaction volume has already reached $150m. @nftperp attracts traders through their airdrops. @nftperp is building on #Arbitrum
@nftperp has only been in beta since December, but the transaction volume has already reached $150m. @nftperp attracts traders through their airdrops. @nftperp is building on #Arbitrum
20/
Tagging my frens
@WinterSoldierxz
@HakResearch
@crypto_linn
@Only1temmy
@ShivanshuMadan
@100y_eth
@BackTheBunny
@0xSoju
@TheDeFISaint
@DeFi_Taha
@DefiIgnas
@rektdiomedes
@0xkhan_
@VirtualKenji
@ArsalanSartaj
@0xSalazar
@Tanaka_L2
@CryptoKaduna
@Henry_VuQuangDu
Tagging my frens
@WinterSoldierxz
@HakResearch
@crypto_linn
@Only1temmy
@ShivanshuMadan
@100y_eth
@BackTheBunny
@0xSoju
@TheDeFISaint
@DeFi_Taha
@DefiIgnas
@rektdiomedes
@0xkhan_
@VirtualKenji
@ArsalanSartaj
@0xSalazar
@Tanaka_L2
@CryptoKaduna
@Henry_VuQuangDu
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