GS announces partnership with Collateralized NFT borrowing and lending decentralised platform , Strip Finance
Genesis Shards is happy to join hands with Strip Finance. Strip is creating a marketplace where anyone owning a desirable NFT (as determined by platform parameters) can use it as collateral to borrow capital.
Strip Finance is building a collateralised NFT borrowing and lending platform initially launching on Binance Smart Chain. The platform’s ability to collateralise NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors.
The idea was conceptualised in response to the global explosion of interest in digital ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors.The platform will enhance liquidity in the NFT market by providing users with an option to retain ownership and yet be able to derive liquidity.
Through this partnership :
👉With the help of collateralisation Genesis Shards community can get hands on liquidity without selling their NFTs and use the liquid amount to get bullish on any opportunities that they want.
👉Strip Finance and GenShards will share deal-flows and explore mutual collaboration. The two projects will collaborate technically and explore mutual platform synergies.
👉Strip Finance and Genesis Shards will mutually support each other’s ecosystem i.e Strip Finance will gain access to the Genesis Shards ecosystem and mentor network and Genesis Shards partners will be able to gain access to Strip Finance community.
More than 60 high-quality access, ecosystem & network partners have already placed their trust in GS and the network continues to grow ! Keep an eye out for this space for many more preIDO launches, partnerships and feature updates in the pipeline.
“Genesis Shards is glad to announce its partnership with Strip Finance. Strip Finance is a collateralized NFT borrowing and lending platform that aims to solve the issue of NFT liquidity and also offer compostability thus bringing DeFi to NFTs. We are sure this partnership has a long way to go.”-Garlam Won ,Co-founder Genesis Shards.
“Strip Finance is proud to join hands with GenShards.GenShards has a vibrant and active community that plays an important role in the crypto world. Through this partnership Strip Finance will get a chance to interact with the huge Genesis Shards community. GenShards community will get a chance to collateralise NFTs through its liquidity protocol that enhances the value proposition for both asset owners and yield-seeking investors.”-Yuvraj Chibber, CBO of Strip Finance.
About Strip Finance:
Strip Finance is building a collateralized NFT borrowing and lending marketplace initially launching on Binance Smart Chain. The platform will enhance liquidity in the NFT market by providing users with an option to retain ownership and yet be able to derive liquidity.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens
The next major steps in Genesis’s journey will be announced soon ! Keep an eye on this space for updates.
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