nftfi

The NFT collateral lending platform NFTfi officially announced on the X platform that due to the shrinking NFT market leading to potential revenue not covering operational costs, it has decided to gradually shut down the project over the next few months.Starting today, the platform will no longer support the initiation of new loans, and existing loans can be refinanced before July 31. Borrowers can repay loans at any time before August 31, and all existing loans will be executed under the original terms.NFTfi will cease operations on August 31, 2026, and the front-end website will be taken offline. The smart contracts will continue to operate autonomously on-chain, and users can thereafter repay loans and claim collateral directly through the contracts. Before the shutdown, the official will release detailed instructions for direct interaction with the smart contracts, and Discord will remain open during this period to provide support.

ChainCatcher message, the NFT lending protocol NFTfi Foundation announced on platform X that the Earn Season 3 airdrop has now begun, distributing a total of 30 million NFTFI. Eligible users have 42 days to claim their NFTFI allocation.The airdrop claim period will end on August 5, 2024, at 21:00. After this, any unclaimed tokens will return to the NFTfi Foundation treasury. Eligible users can immediately unstake their NFTFI or keep it staked to maintain the Earn Season 4 staking multiplier.

According to ChainCatcher news, the NFT lending protocol NFTfi's NFTFI token airdrop claim portal is now open, as shown on the official website. According to previous reports, this window will last for 41 days, until June 10. Unclaimed tokens will be returned to the community and reward distribution and will be used for future rewards.It is reported that the total supply of NFTFI tokens is 2 billion, with an expected initial circulating supply of 220 million, distributed as an ERC-20 token on the Ethereum mainnet. Tokens will be allocated to the community and rewards, the foundation and ecosystem, core contributors, and strategic supporters. Initially, 84.5% of the NFTFI token supply will be locked and will be unlocked over four years.

ChainCatcher news, according to official sources, the peer-to-peer NFT lending protocol NFTfi Foundation announced that the NFTFI airdrop claim portal will open at 20:30 Beijing time on April 30 and will last for 41 days, until June 10. Unclaimed tokens will be returned to the community and reward distribution and will be used for future rewards.It is reported that the total supply of NFTFI tokens is 2 billion, with an initial circulating supply expected to be 220 million, distributed as an ERC-20 token on the Ethereum mainnet. The tokens will be allocated to: community and rewards, foundation and ecosystem, core contributors, and strategic supporters. 84.5% of the NFTFI token supply is initially locked and will be unlocked over four years.In addition, 7.00% (140 million) of the NFTFI supply has been allocated from the community and rewards category to over 3,000 eligible wallets. This retroactive airdrop aims to recognize and reward the contributions of NFTfi users.

ChainCatcher news, the peer-to-peer NFT lending protocol NFTfi Foundation has announced the tokenomics of its governance token NFTFI, with a total supply of 2 billion (ERC-20), an initial circulating supply expected to be 220 million, and the NFTFI claim portal expected to open later in April. The details are as follows:Community and rewards (25% -- 500,000,000 NFTFI);Foundation and ecosystem (23.3% -- 465,952,487 NFTFI);Early strategic supporters and strategic supporters (15.2% + 20.4% -- 712,356,127 NFTFI);Core contributors (16.1% -- 321,691,386 NFTFI).In addition, the NFTfi Foundation also stated that it will soon announce and establish the NFTfi Council as the first step towards a decentralized governance system.

ChainCatcher news, the gamified NFTFi market Eesee announced a strategic investment from Animoca Brands and a collaboration with them, with the specific investment amount undisclosed. Animoca Brands and co-founder @ysiu will provide Eesee with their industry expertise and channels to help improve the efficiency and experience of Web3 digital asset trading.According to data from Rootdata, Eesee announced in January this year that it raised approximately $2.82 million in funding, with participation from SevenX Ventures, Maven Capital, and others.

ChainCatcher news, according to CoinDesk, the peer-to-peer NFT lending protocol NFTfi announced the completion of a $6 million Series A1 funding round, led by Placeholder VC, with participation from Maven 11, Launch Labs Inc, Kahuna Ventures, and others. Currently, NFTfi's total fundraising amount has reached $15 million.It is reported that NFTfi was launched in 2020 and is a pioneer in NFT finance, facilitating significant on-chain loans. Future plans include enhancing dApp functionality, expanding SDK capabilities, and creating an open settlement layer for NFT finance. NFTfi allows NFT holders to borrow ETH, USDC, or DAI from lenders using their NFTs as collateral in a trustless P2P manner.

ChainCatcher news, the NFT lending protocol NFTfi tweeted that its total loan amount in February exceeded $12 million, reaching $12.556 million, a month-on-month increase of 22%, with the largest loan coming from Wrapped Cryptopunk #3814.

ChainCatcher news, the gamified NFTFi and SocialFi platform Eeesee has announced the completion of a $2.85 million funding round, including $1.1 million in seed funding and $1.75 million in private placement, with investors including SevenX Ventures, Maven Capital, MetaBros, Contango Digital Assets, BasementDAO, and others.It is reported that Eeesee's native token ESE is planned to be launched in the first quarter.

ChainCatcher news, the NFT lending platform NFTFi has completed a protocol upgrade, now supporting NFT loans for up to 5 years. NFTFi will also support ERC-1155 assets, including various real-world assets such as art, collectibles, real estate, and intellectual property as NFT collateral. NFTFi expects to launch new services again by the end of 2023, including refinancing and proportional interest repayment loans.