Introducing NFTA — A cross-chain NFT Auction and Loan Platform
Similar to real-world collectibles, NFT collectibles’ valuation tends to be rather subjective. As a result, NFTs, especially high-value content items, are suitable for sale through the auction market. This also leads to another inherent aspect of the NFT market which is the low liquidity. Consequently, NFT owners may have difficulties dealing with their short-term funding needs while holding the NFTs.
NFTA is an advanced cross-chain platform that provides P2P NFT auction and loan services, with a focus on high-value content NFTs. The platform will start in Phase 1 with NFTs issued on the HECO Chain. In later phases, it will extend to accept NFTs from other blockchains. The ultimate goal is to create a market where unique artworks by talented artists can reach the owners who value them and support the NFT owners’ short-term funding needs.