Pandora partners with Kudo, providing NFT infrastructure for on-chain identity issuance
Pandora + Kudo
Pandora Protocol is happy to announce its recent partnership with Kudo.money for providing NFT infrastructure for on-chain identity issuance. Currently in the DeFi ecosystem, there is a huge gap in the market for commercial lending. This is already reflected in the DeFi ecosystem, where mid to small cap on chain companies and NFT artists currently often do not have access to sufficient credit or working capital to develop. With this partnership Pandora will be utilizing Kudo.money’s Treasury Lending platform, which helps in filling these gaps in the market by providing debt financing and working capital for organizations and individuals such as ICO companies and NFT artists.
Kudo.money’s Bitquity essentially acts as an improved replacement for banks, with corporate and institutional borrowers accessing debt financing from Liquidity Pools. These pools allow Borrowers to access credit, as well as Liquidity Providers to access the Kudo loan book, rewarding them with risk adjusted returns. This is therefore beneficial for both parties — especially for the Borrowers, as they won’t just be paying fees, but also earning fees as well, just like the token holders and participants.
“Tejas Thole, founder & CEO of Kudo.money welcomes Pandora to the Kudo Ecosystem and expressed his happiness in placing trust on their amazing platform that is revolutionizing the way NFTs are perceived. Highlighting the fact that blockchain is going to be mainstream soon, he stressed on the ability of Pandora to provide Kudo with NFT infrastructure, making it easy for mass adoption.”
Pushkar Vohra, CEO & Founder of Pandora Protocol.
“Identity scoring in tokenization is undoubtedly the next big thing in the industry, and Kudo Money is doing a commendable job in pushing the web3 industry to the next level. With the strategic partnership of Kudo Money and Pandora, the Kudo users will get benefits of Liquidity induction in their NFT’s along with cross-chain transaction functionality from Pandora. Pandora users will get the advanced scoring from Kudo Infrastructure.I appreciate the Kudo Money team’s effort and firm support for helping us to make this a success.”
About Kudo.money:
Kudo Money is a hugely innovative project with its products having potential for huge widespread adoption in the future. Kudo’s Treasury Lending coupled with its Interest and Risk Benchmark solves a real problem in the crypto space, benefitting both Borrowers and Lenders alike. This is further supported by Kudo’s Open Money Markets which will only work to increase its outreach and market share in the future.
About Pandora :
Pandora Protocol provides the platform where any real-world asset can be traded in a trustless and frictionless way via NFT. We are leveraging the existing blockchain infrastructure and building a middle-layer Pandora protocol on top of it. This middle-layer will help any real-world asset get tokenized in NFT, which can be traded globally anywhere.
