The NFT market has exploded in recent years, with unique and valuable NFTs being created on different blockchains. However, there is a significant issue with liquidity in the NFT market, with many NFTs sitting idle on virtual shelves, not being utilized to their full potential. That’s where Liquidifty comes in. In this startup showcase, we’ll explore how Liquidifty aims to bring more liquidity to the NFT market, granting users more use cases for all the NFTs they own.
Unlocking the Value of NFTs
Liquidifty is a startup based in Saint Petersburg, Russia, that aims to provide tools for NFT collectors to unlock the value of their NFTs. Every user will be able to use cross-chain NFT oracles, take loans under NFT collateral, earn with NFT vaults, and more. Liquidifty believes that even collectible NFTs can bring additional income and aims to provide the necessary tools for users to achieve this.
Loans Under NFT Collateral
One of the unique features of Liquidifty is its ability to provide loans under NFT collateral. If a user has bought a valuable NFT and needs money for profitable trade, they can use their NFT as collateral to get funds. The NFT’s estimated price will be determined by Liquidifty’s trustworthy oracles, and the user can borrow ETH accordingly. Users can also lend money to other users and earn interest with it. This feature can provide users with much-needed liquidity, allowing them to utilize the value of their NFTs.
Cross-Chain NFT Oracles
Liquidifty is also developing cross-chain oracles that will analyze NFT prices on different blockchains and estimate the price of each NFT held by its users. This feature will allow users to have a better understanding of the value of their NFTs and make informed decisions about how to use them. With cross-chain NFT oracles, users can buy, sell, and trade NFTs across different blockchains with ease.
NFT Multi-Ownership
Some NFTs may cost a lot, but they can also provide significant profits in the future. However, not everyone may have enough funds to purchase such NFTs. Liquidifty aims to solve this issue by allowing users to cooperate with others and split the purchase. This feature will enable users to have a multi-signature address with the NFT they bought and share all profits with the co-owner. This feature can provide users with more opportunities to own valuable NFTs and profit from them.
Cross-Chain NFT Marketplace and NFT Vaults
With Liquidifty, users can also sell and buy NFTs from any blockchain. Liquidifty plans to implement NFTs made on Ethereum, BSC, Flow, and more. Additionally, Liquidifty is developing NFT vaults that aim to automate profitable trading of NFTs on different markets and exchanges, gaining benefits for its users. NFT vaults will enable users to take advantage of the volatility of NFT prices and make profitable trades.
Conclusion
Liquidifty is a startup that aims to bring more liquidity to the NFT market, granting users more use cases for all the NFTs they own. With its unique features such as loans under NFT collateral, cross-chain NFT oracles, NFT multi-ownership, cross-chain NFT marketplace, and NFT vaults, Liquidifty has the potential to revolutionize the NFT market. While the NFT market still faces challenges, Liquidifty is determined to provide the necessary tools for users to unlock the full value of their NFTs.
Website: https://liquidifty.io/
Ready to Promote Your Brand with Finance Magazine?
Looking to reach a targeted audience of finance professionals and decision-makers? Finance Magazine offers sponsored article opportunities and partnerships to help you showcase your brand and drive sales. Learn more about our advertising options and reach out to us today! Click here to discuss sponsored articles and partnerships.
Maximize your brand visibility and engage with a highly engaged finance audience. Contact us at [email protected] to get started. Let Finance Magazine be your platform for success!
