Hoard Launches an NFT Marketplace With NFT Loans and Lending Functionalities
May 26, 2021 – Aarhus, Denmark
Hoard Exchange, an Ethereum-based NFT marketplace for trading, renting and lending NFTs, will be opening its gates on May 26, 2021. Hoard allows users to borrow and pledge NFTs of all kinds, such as in-game items, digital art, domain names and more.
Users can trade their own NFTs by listing them or discover other NFTs to purchase. Once a user acquires an NFT or uploads his own NFT into the marketplace, they can use it as collateral for a loan, depending on supply and demand. Hoard’s solution offers lenders a tool to yield high profits and an opportunity to acquire desired NFTs in case of a foreclosure.
The platform will provide beginners and advanced crypto enthusiasts with a user-friendly interface. Hoard focuses on user-owned in-game items, real estate, digital art and many more NFTs that can be traded, borrowed or rented on the marketplace.
The lend and borrow functionalities will allow anyone who holds stablecoins and NFTs to easily build an additional income with NFT as a borrower or leverage as a lender. In addition, the owners of HRD token can stake the coin and can get a financial return on their investment.
Radek Zagórowicz, CEO of Hoard, said,
“The ‘loan’ feature on the Hoard Market opens new possibilities for NFT holders. This is the first step of further development of novel NFTs functionalities/utilities, which Hoard is going to introduce in the coming months.”
About Hoard
Hoard is an NFT marketplace that ensures low fees and supports many ERC20 tokens for transactions. The platform supports advanced DeFi liquidity functionalities and money lending through the marketplace, using NFTs as collateral.
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