Lympo Partners With Pawnfi — Bringing Additional Utility to Lympo Sports NFTs

We’re welcoming another partner into the Lympo family — Pawnfi! With this strategic partnership, we’re opening a new chapter for Lympo Sports NFTs

With the addition of Pawnfi financial toolkits, the Lympo gaming system can easily leverage Pawnfi’s mature lease and referral function, game-fi users will be endowed with a native marketplace to utilize their Sports NFTs by accessing more user scenarios, and more sport and eSport athletes could monetize their digital exposure. Moreover, Pawnfi game SDK has completed the development of a cross-chain bridge on its own to support multi-chain assets, based on this, Pawnfi and Lympo will work together to maximize the utility of Lympo Sports NFTs and facilitate the interaction of the two communities.

Lympo will be able to utilize Pawnfi collateral loan/ lease/ sale/ appraisal functions to broaden the use case for Lympo NFT holders, such as borrow an athlete (NFT card) to try out as an addition to a players team, thus providing economic incentives for Lympo players to utilize their NFT assets through gamification elements.

Aligning the Minted Test NFT endorsed by Lympo, the Lympo community can enjoy a full round experience in Pawnfi Beta and earn credit points and exclusive rewards. In the short term, Pawnfi is an official partnered platform with Lympo.

In the long term, Pawnfi SDK with a full set of financial logic can be used by Lympo to build an in-house NFT realization interface. The partnership between Pawnfi and Lympo will boost the liquidity and popularity of NFT and allow for more than just NFT Staking and play-to-earn models for crypto assets. Together, we are working to diversify the user case of NFT assets, laying the groundwork to drive a well-functioning Metaverse.

Pawnfi.com uses the pawn concept, tapping into the liquidity locked in NSAs. Unlike traditional lending protocols, Pawnfi aims to cement itself as a platform where the collateral is not limited to mainstream fungible tokens, nor is the liquidity simply constrained to sale or lease. Moreover, Pawnfi meets diverse market needs with freely combinable modules of collateral, leasing, appraisal, and sale. Pawnfi workflow is managed via smart contract escrow and settlement, and modules able to be initiated simultaneously or purposely with one smart contract.

Tadas Maurukas, the Chief Strategy Officer and co-founder of Lympo, remarked:

“It’s our pleasure to be a supporter and collaborator of Pawnfi, an industry-leading lending & leasing marketplace for NFTs. We anticipate this partnership will be a catalyst to unleash use cases for Lympo NFT holders.”

Wesley Kayne, the founder and CEO of Pawnfi protocol, mentioned:

“Pawnfi is more than delighted to collaborate with Lympo and its active staking ecosystem. Lympo is a brilliant NFT minting platform with huge potential. The integration between Pawnfi and Lympo will maximize user experience and at the same time capture the full value of NFT assets.”

Pawnfi Public Beta Testing is approaching. Please stay tuned to Pawnfi.com (Pawnfi’s ONLY official website), fetching the latest news on Pawnfi!

About Lympo

Lympo, the #1 sports NFTs minting platform, is a sports and health ecosystem powered by priceless user-generated and user-controlled data which can help generate exponential returns for industry stakeholders and users alike. Lympo is building a sports NFTs ecosystem including NFTs with IP rights of world-famous athletes and clubs. Lympo aims to gather sport and eSport athletes from all over the world and help them to monetize their digital exposure. It executes this by creating an ecosystem with its talented team and helping users to acquire those NFTs that can later be utilised through gamification elements. The ecosystem will also include custom sports characters created by various artists and sports influencers.

About Pawnfi.com

Pawnfi.com is the first DeFi product which introduces the pawn concept, also a brand-new lending and leasing market to provide fair appraisal, liquidity and use case for Non-Standard Assets (NSA). Besides supporting mainstream assets, Pawnfi covers all types of Non-Standard Assets including Non-Fungible Tokens (NFT), Liquidity Provider Tokens (LP Tokens), tokenized rights, and cryptocurrencies of all liquidity levels. Pawnfi has achieved the divestiture of asset ownership, use rights, and earning rights within the product in an innovative way, so that asset holders and users can maximize capital efficiency. Compared with other lending protocols in the industry, Pawnfi can provide a wider range of asset support, a more flexible loan portfolio, and more diversified asset realization solutions.

Learn more about Pawnfi: Website | Twitter | Telegram | Discord