Last updated: 06 August 2022 10:15 AM
NFTs represent a 0 to 1 innovation in storing value and ownership attribute for unique digital assets. The idea enables the growth of NFTs as an asset class. This will help NFT owners to utilise their NFTs for borrowing and accessing other DeFi features, thereby providing collectors, creators and liquidity providers the opportunity to do more with NFTs.
Implementing cross-chain logic for the lending and borrowing of NFTs will further enhance the lender's and borrower's profits and benefits.