NFTfi Takes Snapshot

NFTfi, a popular borrowing and lending platform, announced a snapshot of all historical activity on the platform.

The Deets:

Snapshot taken around 11:52 a.m. ET on Apr. 13 (block 17039465)
Covers all historical borrowing and lending activity

The Details:

NFTfi, a leading platform for borrowing and lending using NFTs as collateral, took a snapshot of all historical activity on the platform at 11:52 a.m. ET yesterday. This snapshot offers a comprehensive view of the borrowing and lending transactions that have taken place since the platform's inception.

📊 By the Numbers

To date, NFTfi has amassed 3,247 borrowers and 1,603 lenders.

❗️Why It Matters:

Though still relatively small as a use case, the financialization of NFTs via lending and borrowing is growing slowly but surely. Snapshots are historically taken as a means of capturing those who are in line for a reward - whether that be an NFT or an airdrop, though NFTfi has not specifically confirmed either detail.

Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.