IQ Protocol Welcomes NFTrade
Almost daily, it seems to be getting easier and easier to purchase digital assets (cryptocurrencies, NFTs, etc.). However, for many, there still remains a variety of obstacles, such as the variety of chains and platforms to choose from, each which may have their own particular tokens and ways of operating. These (and other) obstacles will certainly continue to become more minimal — but that is only because of the hard and innovative work put in by projects seeking to promote widespread adoption of Web3 technologies.
IQ Protocol is proud to welcome one such project into our ecosystem, NFTrade!
NFTrade
With NFTrade, it has never been easier to buy, sell, swap, and farm NFTs on a single platform. NFTrade is the first decentralized, multi-chain and blockchain-agnostic platform, which indexes all NFTs on their integrated chains. Currently, these include: Ethereum, BNB Chain, Avalanche, Polygon, Moonbeam, and Moonriver.
NFTrade allows its users to create, sell, buy, swap, farm, and leverage NFTs easily across different blockchains. Using NFTrade, anyone can gain access to a the whole world of NFTs, and access the value of the entire NFT market.
IQ Protocol + NFTrade
IQ Protocol is excited to partner with NFTrade and help make make NFTs more widely available and easily accessible to all! Our platform will serve as the foundational technology for their NFT rental marketplace.
IQ Protocol envisions a future where NFTs and other digital assets will be used for a host of reasons, offering token holders exciting utility. In fact, IQ Protocol offers a host of innovative features that will transform digital-asset marketplaces, from risk-free and collateral-less renting, to cross-chain and multi-purpose renting, and more!
IQ Protocol’s NFT renting model is risk-free and collateral-less. How does that work?
We at IQ Protocol know that digital assets are not only valuable, but are also important to their owners. That is why we have worked hard to come up with a secure platform for renting and borrowing of digital assets. Typical modes of lending an asset puts a lender at risk, say, if the borrower refuses to return or loses hold of the asset (for whatever reason). With IQ Protocol, such risks are not a concern. Instead of giving the original asset to the borrower, IQ Protocol mints an expirable version of the NFT (which contains all of the unique features of the original). This NFT is then given to the borrower. This guarantees that the original NFT is always safe and can be returned to the owner after the agreed-upon rental contract has expired. Now, players can rest easy renting out the items that they aren’t currently using, providing the guild with a frictionless way of pooling their assets.
NFTrade is up to something very exciting, and we are proud to provide key support for their platform!
About NFTrade
NFTrade is a decentralized multi-chain and blockchain-agnostic NFT platform. We are an indexer of all NFTs across all of our integrated chains, hosting the complete NFT lifecycle and allowing anyone to seamlessly create, buy, sell, swap, farm, and leverage NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the total value of the NFT market.
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About IQ Protocol
IQ Protocol is a decentralized money market for digital asset renting and on-chain subscriptions. The next money lego that allows users to rent wrapped expirable versions of digital assets without collateral for their utility, while allowing holders to earn by providing liquidity without risk.
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