Unlock the value of NFTs, without selling them – CryptoMode
Introducing Liqd, a new NFT marketplace
A new non-fungible token liquidity platform Liqd, launches with over $500ki instant liquidity available to early adopters.
Liqd allows individuals who hold blue chip NFTs to unlock their value without selling them. With key product features set to launch in the coming weeks, Liqd aims to disrupt the NFT liquidity space with its three-stage launch.
Liqd provides a platform for lending and borrowing NFTs. Currently, the value of an NFT is locked and can only be liquidated if the owner sells the asset, meaning they no longer benefit from any increase in value.
Liqd solves this problem. It enables NFT holders to unlock liquidity by borrowing against the value of their asset, and in turn provides a peer-to-peer lending facility for individuals to lend capital at a set rate, backed by the value of the borrower’s underlying NFT resource.
The Liqd platform benefits two different groups – borrowers and lenders. NFT holders are borrowers and can use the platform to obtain a customized loan backed by the value of their NFT asset. Lenders are liquid crypto-holding individuals who want to make risk-free interest on their capital, potentially acquiring a blue-chip NFT for a fraction of the market price.
Those wishing to leverage the value of the NFT to raise liquid capital can do so by simply publishing their asset publicly on Liqd, along with details of the value and the loan they wish to secure. Lenders can browse the available NFTs and make loan offers against any assets of interest. Borrowers then have the power to choose any interested lender, form a loan agreement with them for an agreed amount, time frame and set interest rate. Liqd then holds the borrower’s NFT in a secure lock-up for the agreed duration of the loan.
At the end of the loan period, borrowers must repay the loaned capital to the lender, with additional interest. Should the repayment fail, the borrower’s NFT will be transferred to the lender’s ownership – allowing them to acquire a blue chip NFT for a fraction of the market price.
At the launch, a founder of Liqd said: “The number of NFT holders has grown exponentially in the last two years, from approximately 460,000 in 2020 to over 4.6 million in 2022. They are an extremely popular and often valuable asset to hold, but have one major flaw – they are illiquid. Liqd allows users to put their NFTs to work, by taking out a loan from a peer, backed by the value of their NFTs. Simply put, it is a traditional lending and borrowing model, adjusted for the NFT generation.”
Liqd has partnered with Nabu, the NFT valuation platform, to ensure that lenders have an accurate and up-to-date valuation of their NFT when using the Liqd platform. To help make the lending and borrowing process even easier, Liqd has integrated with Unstoppable Domains which provides fully owned domain names to Liqd investors that can be used instead of complicated wallet addresses.
Following the launch of Liqd, Balance has unveiled 350 NFT Passes – free NFTs that allow holders to access unique benefits on the Liqd platform, such as discounts on transaction and system fees.
Liqd uses a three-stage rollout plan with $500k+ instant liquidity loans already available to early adopters. These users will get a first look at new features and benefit from incentives and initiatives.
If users missed scene one. No need to worry. Sign up for the newsletter, join Discord and follow Liqd further Twitter for all details. Be sure to join the next stage of the rollout before it’s too late!
About the company
Liqdnft.com is a decentralized peer-to-peer NFT lending platform that allows NFT holders to collateralize their bluechip NFTs and secure a loan, hassle-free. With Liqd, investors can unlock the actual value of their NFTs without selling them.
The balance.capital organization plays a key role in outlining Liqd’s strategic market positioning and facilitating growth, development and integration.
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