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What is NFTfi?
Your NFT assets can serve as collateral for obtaining loans or lending to others through their non-fungible tokens. Any ERC-721 token is eligible for this collateralization process, enabling other users to extend a loan to you. When you agree to the loan, the funds in ETH will be transferred directly from the lender's account to you, while your NFT will be securely held in an NFTfi smart contract for the duration of the loan. After you meet your repayment conditions, the NFT will be returned to you. Conversely, if you do not repay the total amount by the agreed deadline, the lender will receive ownership of the NFT. While offering small, short-term loans to others can result in attractive returns, it is vital to have a deep understanding of the assets involved in lending and to prepare for the possibility of needing to claim the collateral in the event of borrower default. Moreover, evaluating the associated risks with each loan can significantly enhance your decision-making regarding investments, ensuring that you make choices that align with your financial goals. In the ever-evolving world of digital assets, staying informed and vigilant will be key to navigating this innovative landscape successfully.
What is Floor?
Launched in November 2021, the Floor app emerged as a token-gated platform and has since rolled out three versions of access tokens. Over time, it has created numerous opportunities for its users and established a product that enjoys considerable popularity. Each token provides users with access to the app and an exclusive Discord community that includes the Floor team, nurturing a lively space for engagement and collaboration. This development highlights the app's growth trajectory as well as its dedication to improving user experience and fostering a sense of community. As a result, the Floor app continues to evolve, adapting to the needs and desires of its user base.
Integrations Supported
Ethereum
Flow
MetaMask
MetaStreet
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Free
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
NFTfi
Date Founded
2020
Company Location
South Africa
Company Website
nftfi.com
Company Facts
Organization Name
Floor
Company Location
United States
Company Website
www.floornfts.io