Goblin Sax is establishing a service for fast loans. It purchased the fast loans app Fluid, which it will rename Goblin Lend, in order to expand the product alongside its current peer-to-peer NFT lending business.

Goblin Sax, formerly known as Gringotts DAO, is one of numerous NFT loan platforms that have emerged in recent years, targeting NFT holders wishing to release liquidity without selling their NFT.

Goblin Sax began as a lender on NFTfi but has been searching for ways to grow.

NFTfi, a South African firm that received a $5 million seed round late last year. It offered a loan for $1.4 million over 30 days at 9.69% APR in November. The collateral was an uncommon NFT from the Autoglyphs generative art collection.

According to the report, NFT projects desire greater revenue and involvement, while NFT investors demand liquidity and floor pricing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

NFTs News

Goblin Sax Allows Instant NFT-backed Loans

Goblin Sax is establishing a service for fast loans. It purchased the fast loans app Fluid, which it will rename Goblin Lend, in order to expand the product alongside its current peer-to-peer NFT lending business.

Goblin Sax, formerly known as Gringotts DAO, is one of numerous NFT loan platforms that have emerged in recent years, targeting NFT holders wishing to release liquidity without selling their NFT.

1/ At Goblin Sax, we have always been at the forefront of NFT Finance.

Today, we are excited to continue our push with the announcement of Goblin Lend — our new Lending as a Service product. pic.twitter.com/D4q7qwUMKM

— Goblin Sax (@goblinsax) November 2, 2022

Goblin Sax began as a lender on NFTfi but has been searching for ways to grow.

NFTfi, a South African firm that received a $5 million seed round late last year. It offered a loan for $1.4 million over 30 days at 9.69% APR in November. The collateral was an uncommon NFT from the Autoglyphs generative art collection.

According to the report, NFT projects desire greater revenue and involvement, while NFT investors demand liquidity and floor pricing.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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