NFT Marketplace DigiCol Launches Lending & Borrowing w/ “Negative Fee” Trading

2021-12-8 10:11

The NFT sector continues to expand its use cases and seems poised to onboard millions of users in the coming years. These digital assets have seen great adoption in 2021 and could propel the crypto industry into a new era of adoption as more platforms introduce features that make them more accessible.

In that sense, DigiCol, a comprehensive NFT marketplace since 2020, is set to break the barriers in the sector and increase its adoption.

Recently, DigiCol became the first comprehensive NFT marketplace to introduce a Collateral feature. Advancing NFT finances to another level, this new element in the DigiCol ecosystem will enable users to use their NFT as collateral to borrow Ethereum (ETH), DGCL, Tether (USDT), and other cryptocurrencies from users in the platform or to lend it to others.

To celebrate the launch, the platform is offering a “negative fee” for buying, selling, lending, or borrowing the selected popular NFT series such as Cryptopunks, Sandbox, Decentraland, etc. Not only you will get 100% rebate on the platform fee, but also earning free native tokens from their liquidity farming program.

Via this Collateral mechanism, only found on this platform, a borrower will have a loan period to repay the debt in addition to an agreed interest with the counterpart. If the user fails to pay, the lender will receive ownership over the collateral.

Unlike traditional finances where the process is controlled by a central authority, DigiCol’s Collateral feature will be fully enforced by a smart contract. Thus, lenders and borrowers will not only benefit from a new NFT use case, but from a frictionless, trustless, and decentralized system.

As seen below, DigiCol’s NFT Collateral platform is easy to access and use. Participants need to follow a few steps to borrow or lend their NFT. These digital assets can now be used to increase an owner’s liquidity without the need to detach themselves from a unique NFT.

DigiCol To Enter Phase 2 Into The Future Of NFT Finance

As of now, DigiCol supports the following contracts: Cryptopunks, ENS, Cryptovoxels, Decentraland, and Sandbox, but the platform is working on further integration with other popular NFT collections such as Bored Ape Yacht Club, Desperate ApeWives, Mutant Ape Yacht Club. Expected to come out in Q4, 2021, it will follow a list of major accomplishments achieved by DigiCol and its team in the past months.

In addition, to an overall improvement of the platform, major partnerships, and integration with big projects in the crypto ecosystem, the platform is headed to a new stage in 2022 supported by their Colletaral feature and the expansion of NFTs use cases.

On this topic, DigiCol already has in place projects that will tackle NFT supported games. This trend has seen a massive explosion in terms of adoption as it provides users rewards and a unique experience for investing time in their favorite games.

2021 could have been the year for NFTs, but these digital assets are nascent and with a lot of potential to capture billions of dollars from the traditional finance system. DigiCol and its users, in particular, seemed poised to spearhead the NFT Finance ecosystem with a unique model that could take the entire industry into the mainstream.

 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NFT (NFT) на Currencies.ru

$ 0.1282 (+0.51%)
Объем 24H $0
Изменеия 24h: 4.93 %, 7d: 9.39 %
Cегодня L: $0.1282 - H: $0.1282
Капитализация $0 Rank 3750
Доступно / Всего 0 NFT

adoption nft propel seen 2021 crypto great

adoption nft → Результатов: 61


Amidst the NFT Boom, Sakura Brings High-End Innovation to the NFT Sector

The popularity of non-fungible tokens (NFTs) is surging above sea level. Sakura, a new NFT platform for digital art collectibles, is hoping to ride the NFT waves. As a result, through a succession of strategic collaborations and innovations, Sakura is pushing the narrative of mainstream NFT adoption, particularly among young millennials through collaboration with top […]

2021-10-21 12:21


Фото:

Chipz Betting Platform Announces NFT Marketplace and UFC Champion Nick Diaz as Ambassador

The global gambling industry is in the midst of being completely reinvented thanks to the recent adoption of cryptocurrencies, and the now flourishing DeFi (Decentralized Finance) sector. This growth has been further propelled by the explosion of NFTs (Non-fungible tokens) and the emergence of esports in the wake of the Coronavirus pandemic. The development ofRead More

2021-9-22 10:00


Фото:

Cross-Chain Platform Idexo Raises $2.5 Million, To Accelerate Rollout of NFT and Gaming APIs

Idexo, a cross-chain platform that provides APIs for apps to easily integrate NFTs and its marketplaces, has raised $2.5 million, a press release on September 15 reveals. Funds for Building, over 10 Top-Tier Firms Participated According to the team, the funds will go towards building cross-chain NFT and API, promoting the adoption of the technologyRead More

2021-9-15 17:00


Фото:

KuCoin Labs Q2 2020 Report Gives Insights Into the Role of DeFi, NFTs, DEX in Fostering Crypto Adoption

KuCoin crypto exchange’s investment and research offshoot KuCoin Labs today released its 2021-Q2 Crypto Industry Quarterly Report with a number of interesting insights. DeFi, NFT Significant for Crypto Adoption In the report, research has been done on several important landscapes within the crypto industry, such as DeFi and NFT.

2021-9-3 19:00


Fanatics-Backed NFT Platform, Candy Digital, Strikes A Deal With The MLB for Non-Fungible Token Trading

Non-fungible tokens (NFTs) are gaining more mainstream adoption by the day, and the latest is Candy Digital. Candy Digital Launches With Lou Gehrig’s Speech In the latest round of investment in the burgeoning NFT sub-sector, popular sports merchandise company Fanatics is partnering with Mike Novogratz’s Galaxy Digital and Gary Vaynerchuk of VaynerX in creating an […] The post Fanatics-Backed NFT Platform, Candy Digital, Strikes A Deal With The MLB for Non-Fungible Token Trading first appeared on BitcoinExchangeGuide.

2021-6-3 23:49


Фото:

VeChain Foundation Commits $1 Million for VeChain eNFT Ecosystem

The VeChain Foundation yesterday announced it is committing $1 million toward the development of the eNFT ecosystem. VeChain Joins the NFT Frenzy In a bid to promote the mainstream adoption of blockchain technology, the VeChain Foundation recently announced a $1 million fund for the VeChain Grant Program geared toward developers and projects that will bringRead More

2021-4-29 11:01


Фото:

Ethernity Chain and Kenetic Deepen Relationship in New Partnership to Grow NFT Ecosystem

Ethernity Chain and Kenetic, two blockchain companies that have worked together for over a decade are partnering to grow the NFT ecosystem. Ethernity Chain creates unique NFTs designed by artists while Kenetic is at the forefront of expanding the development and adoption of blockchain platforms through investments, advisory services, community, and technology. Jehan Chu, the […]

2021-4-2 21:43