NFTfi

South Africa - Cape Town

• 16/11/2021
• Seed
• $5,000,000

NFTfi.com is a simple marketplace for NFT collateralized loans that allows you to put your NFT assets up as collateral for a loan, or offer loans to other users on their non-fungible tokens.

Borrowers : Use your NFT's as collateral
Put any ERC-721 token up for collateralization. Other users can now offer you a loan.

If you accept a loan, the ETH gets paid out from the lenders account to you, and your NFT gets locked in the NFTfi smart contract.

Once you repay the loan the asset will be transferred back to you. If you don’t pay back the total repayment amount before the due date, the asset will be transferred to the lender.

Lenders : Get attractive returns

Browse your favourite NFTs like Gods Unchained, Decentraland, Cryptovoxels, Cryptokitties or any other NFT and offer loans on assets you’re happy to back.

Worst case: the borrower defaults and you get the asset.

Small, short term loans to other people can offer attractive returns. Make sure you understand the assets you are offering loans on, and are happy to accept the collateral if the lender defaults.

Related People

Stephen YoungFounder

South Africa - City of Cape Town, Western Cape

I am a token engineer, smart contract developer and designer in the blockchain industry. I’m passionate about the potential that public, open, decentralised blockchains have to improve our society.

My current focus is on token engineering, Solidity and DApp development but I am also passionate about design.

I have experience in all aspects of the software development life cycle including quality assurance, product development, software development, design and software development methodologies such as SCRUM, Lean Agile and Kanban.

I started my first paid job as a programmer(designing and developing a game in C++) while I was in high school. Since then I have worked in a number of languages including Delphi, C#, Javascript, HTML and Ruby. I have learned OpenGL/OpenCl and Processing in my spare time.

I draw, paint and make mixed media art.

How I like to work :

I am value driven and it is important for me to work in a team that shares those values.

I believe collaboration produces better quality work and actively seek input from others.

I like to work on long term projects with long term thinkers.

I work on open, borderless, neutral, censorship resistant public blockchain protocols.

I want my contributions to have a positive impact on society.

I like working with self driven motivated people who are passionate about what they do.

LinkedIn https://www.linkedin.com/in/stephen101/?originalSubdomain=za