NFTfi - Cape Town, South Africa

NFTfi is an advanced platform for NFT-backed lending, allowing users to borrow cryptocurrency by putting their NFTs up as collateral. Once a loan agreement is accepted, the NFT is placed in a secure escrow contract and the borrower receives the requested wETH, DAI, or USDC directly to their wallet. To determine the value of the NFT, users can use the same practices used in the traditional art world, such as obtaining loans through banks, galleries, or auction houses.