NFT auction market and lending platform NFTA has unveiled its IEO on ProBit Global at 0.2 USDT per token for participants.
The concept of non-fungible tokens has taken off in retail and institutional spheres as Marvel Entertainment recently became the latest giant to join the immersive world of digital collectibles following a partnership with Orbis Blockchain Technology.
While NFT continues to generate headlines, a core issue surrounding token holders is a relative lack of liquidity and the highly subjective nature of valuation for these digitally stored assets.
NFT auction house NFTA aims to bridge this liquidity gap with features including a P2P NFT auction marketplace and NFT collateral-based money markets. The platform helps expand the reach to aspiring NFT artists with their fanbases by spanning multiple platforms to amplified engagement and exposure.
NFTA’s auction market helps maximize the value and utility of quality NFT while enabling fair price discovery for a wide range of NFT. NFT owners can submit their prospective deals for approval, allowing anyone staking the minimum amount of NFTA to bid on auctions with their stakes held as payment collateral.
A comprehensive loaning feature enables users to deposit white-listed NFT as collateral to bypass standard legacy impasses, connecting borrowers with instant capital and benefiting borrowers with automatically calculated interest rates.
With a maximum supply of 100M, NFTA tokens grant holders governance rights, participation rewards, and the ability to purchase and loan NFT. Future implementations will expand on the token utility through planned features such as liquidity mining and redistributing a portion of revenue towards governance measures.
NFTA will initially run on Binance Smart Chain and gradually expand to other blockchains such as Ethereum and HECO to maximize its cross-chain market capabilities.
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