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Average Ratings 0 Ratings
Description
Explore, acquire, and exchange NFTs from sought-after CNFT collections on the Cardahub marketplace. Non-fungible tokens, or NFTs, are blockchain-based cryptographic assets that feature distinct identification codes and metadata, setting them apart from one another. Each NFT boasts uniqueness and cannot be exchanged on a one-to-one basis, meaning that no two NFTs are identical. They can represent anything from a one-of-a-kind digital artwork to a limited-edition sneaker from a fashion line, in-game items, or various digital collectibles. Collateral serves as a financial assurance that compensates nodes for their efforts in the event that the validation of a Plutus script (the address of a smart contract) does not succeed. This mechanism also acts as a safeguard against potential malicious attacks aimed at overwhelming the network. Without the presence of collateral, users would not incur charges for smart contract failures, but by the time a transaction fails, the network has already faced costs associated with initiating and validating that transaction. Consequently, the implementation of collateral becomes crucial for maintaining the integrity and efficiency of the blockchain ecosystem.
Description
You can use your NFT assets as collateral to secure a loan or lend to others using their non-fungible tokens. Any ERC-721 token can be utilized for this collateralization process, allowing other users the opportunity to provide you with a loan. Upon accepting a loan, the funds in ETH will be disbursed from the lender's account directly to you, while your NFT will be securely locked within an NFTfi smart contract. Once you fulfill your repayment obligations, the asset will be returned to your possession. However, if you fail to repay the total amount by the specified due date, the NFT will be transferred to the lender. Engaging in providing small, short-term loans to others can yield enticing returns, but it is crucial to thoroughly understand the assets involved in lending and to be prepared to accept the collateral in case of default by the borrower. Additionally, assessing the risks associated with each loan will help you make informed decisions about your investments.
API Access
Has API
No
API Access
Has API
No
Integrations
Cardano
Yes
Ethereum
No
Flow
No
GeroWallet
Yes
MetaMask
No
MetaStreet
No
ccvault
Yes
Integrations
Cardano
No
Ethereum
Yes
Flow
Yes
GeroWallet
No
MetaMask
Yes
MetaStreet
Yes
ccvault
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Cardahub
Country
Switzerland
Website
cardahub.io/home
Vendor Details
Company Name
NFTfi
Founded
2020
Country
South Africa
Website
nftfi.com