Global NFT project Alpha Quark announced that it has launched a non-fungible token (NFT) collateral lending service.
The NFT lending service launched by Alpha Quark is a peer-to-peer (P2P: Peer-to-peer) NFT lending service that allows users who own NFTs to receive lending from other users through the NFT. By using the Alpha Quark protocol, it is possible to experience a highly stable NFT lending service, and also expected to generate additional revenue such as interest income. Alpha Quark’s NFT collateral lending protocol drew attention as a strength of reducing liquidity issues and increasing efficiency through the use of wBNB.
With the recent activation of the NFT market, NFT lending services are becoming a hot topic around the world, and Alpha Quark is expected to not only solve the problem of low liquidity in the existing NFT market, but also add strength to the healthy growth of the NFT ecosystem.
An Alpha Quark official said, “Alpha Quark is doing its best to develop a platform for the growth of the NFT ecosystem and solve the liquidity issue. “I hope that it will become an opportunity to establish itself as a representative NFT lending protocol through Alpha Quark’s innovative mechanism and user-friendly application.”
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