Strip Finance, a Collateralised NFT & DeFi Liquidity Protocol, is putting NFTs for better use by collateralising them for stablecoins and providing greater liquidity. A next-generation NFT platform called Strip Finance is making it possible to collateralise Non-Fungible tokens while still maintaining ownership of the assets, taking DeFi and NFTs to a whole new dimension. Created by veteran crypto entrepreneurs, Strip Finance allows users to lend their NFTs for stablecoins allowing them to attain liquidity without selling or leveraging the value of holdings to mint more NFTs. Moreover, Strip Finance allows lenders to earn interest on the platform and have a chance to acquire defaulted NFTs at discount prices. Non-fungible tokens (NFTs) appear to have exploded this year. NFT sales have increased more than eightfold to $10.7 billion in the third quarter of 2021 because of the ongoing craze for NFTs. Despite this boom, most NFTs are becoming worthless with no better use cases. NFTs are usually difficult to utilize productively once purchased, in contrast to fungible tokens, which may be staked, lent out, or otherwise put to work to produce yield. Strip Finance, on the other hand, resolves this significant issue by giving a better use case, of NFT collateralisation, in which lenders may lend their NFT and borrow stablecoins. Having access to stablecoins will enable owners to access liquidity for a variety of purposes, including...
