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DeepNewz, mobile.
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The emerging trend of using NFTs as collateral for loans is gaining momentum in the financial industry. Individuals are leveraging their NFT-based real estate holdings to secure loans, with one owner obtaining a $70,000 loan through NFTfi. Companies like Fabricaland and NFTfi are pioneering this shift towards on-chain finance, reshaping traditional lending practices.
On-chain loan for real estate (land) tokenized as an NFT. We love to see it 🔥 https://t.co/POlEgqrj7G
The largest asset class in the world is coming onchain. Slowly but surely, green shoots are starting to show 🌱 Powered by @nftfi and @fabricaland ⚡️ https://t.co/W4XqabwHIr
The owner of this plot of real land took out a $70,000 loan on NFTfi. Global finance is being completely reimagined: instant, frictionless, and permissionless. NFTfi and @fabricaland are at the forefront of the RWA revolution, bringing a multi-trillion-dollar market on-chain. https://t.co/VYuo5OUffO https://t.co/6hAzUr5vGE