DeFi For You launches hard NFT market

Press release

London, UK: DeFi For You launched an indivisible token marketplace (NFT) where users can buy NFTs with real assets tied to them.

The market is backed by a system of valuers – mostly licensed pawnbrokers – who are entrusted with the custody, insurance and dispensing of securities to NFT holders (all fees, of course, apply).

Marketable assets will initially include jewelry, gold, and precious diamonds, but they will also become real estate (via Dig Chain), cars, etc.

Adam Chaplin, CEO of DeFi For You, said: “Real assets have certainly been found in the chain. “This will allow users around the world to own real assets that can be instantly traded on the blockchain.”

DeFi For You is working with major pawnbrokers in the US and UK to enable hard NFTs. It also enables stablecoin loans to be issued against them.

“This will revolutionize DeFi by allowing people to borrow crypto against anything they have at home,” Chaplin said. “You can then use our mining chain to put your real estate on the chain and get a loan from there.”

This combination of digital and physical assets represented in an NFT market will bring greater diversification of crypto assets and better access to markets such as crypto assets, products and goods.

DeFi For You recently signed the world’s first NFT hard asset mortgage lien, filmed by ITV as part of a new series over a million pounds pawns. The show will air in March and the property is a beautiful 50 carat sapphire ring. The loan offering comprises 75,000 tethers (USDT) borrowed from an early adopter of a crypto pawn service in Southeast Asia.

The 50 carat sapphire ring was converted to NFT and used as collateral for a USDT 75,000 loan.

We introduce you to DeFi

DeFi For You is a crypto and NFT pawn brokerage platform that operates on Binance Smart Chain. DeFi For You works with real pawn shops to store and insure physical assets and create NFTs to represent them. These NFTs can then be loaned in DeFi For You’s peer-to-peer (P2P) credit ecosystem.

The native token is DFY.

Introduction to the mining chain

Dig Chain is a sovereignly authorized proof-of-stake (DPoS) blockchain that is built within the Cosmos ecosystem and tokenizes and manages properties in the chain. Dig Chain uses the IBC protocol to connect to other chains in cosmos space.

The Dig Chain is a central chain with many “subchains” underneath, each representing a geographical region. This is to ensure that any sovereign blockchain is able to comply with local regulations regarding real estate. They all reconnect to the higher-level mining chain.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.