The latest NFT trend? Taking out loans on luxury watches from Rolex and Patek Philippe, as represented by NFTs—thanks to lending protocol @arcade_xyz and escrow service @4KProtocol. https://t.co/YLRuvYo2be
Coolest thing I saw on chain this week was a lender giving a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on Arcade, accepted the best loan offer on it, and then the NFT was transferred to an escrow wallet until the term is up or the borrower repays
The only way to get the watch back is by burning the NFT so if the borrower defaults the lender can claim the watch
Lender doesn't even have to know the borrowers name, they just have to know that they are the rightful owner of the watch - which is what the NFT does
Sure, you can just go get a loan at your local pawnshop, but tapping into global liquidity versus local liquidity will always eventually land you at the best rate (This market is young so we aren't there yet)
Just the tip of the iceberg for whats to come for proving ownership of Real World Assets using NFTs
🎉We are excited to announce an official partnership with @tofuNFT
ประกาศความร่วมมืออย่างเป็นทางการจากแพลตฟอร์มซื้อขาย NFT Cross-Chain Marketplace เปิดให้ซื้อขาย Gold Mining Equipment NFT ได้แล้วที่ 👉 https://t.co/70n88krtMk
#ทองคำ#GoldNFT#NFTcollections#XWEL#Metaverse
🎉We are excited to announce an official partnership with @XWELTOKEN, a gold saving platform that virtual world of gold mining on #BNBChain. #BSC
You can trade their NFTs on tofuNFT marketplace now.
👉Check them here: https://t.co/0HcS1ClmDv
How to saving gold and earn more profit with Gold Mining Metaverse?
- นำ GME NFT เข้าไปขุดในเหมือง
- Fill Up พลังงานโดยใช้ XWEL ในการเติม
- ระหว่างขุดจะได้รับผลตอบแทน เป็น GWEL เรทที่ได้ขึ้นอยู่กับแรงขุดของ GME แต่ละประเภทกับจำนวนรถที่ขุด
- ผลตอบแทนทั้งหมดเราสามารถ Harvest ได้เลย