NFT lending platform NFTfi raised $6 million in Series A1 funding round

NFTfi.com on X: "Proud to announce that NFTfi has completed a $6 million Series A1 funding round to build the leading NFT finance settlement layer. 

On Mar 11, 2024, a lending platform NFTfi announced that it raised $6 million in in Series A1 funding round led by Placeholder venture capital firm. Total funding of NFTfi is $15 million.

NFTfi lets users get a loan using their NFTs. Users can use NFTs as collaterals to borrow cryptocurrencies. When they pay off loans, they will get their NFTs back.

NFTfi launched in 2020. According to dune.com, NFTfi has $43,160,278 cumulative borrow volume. 

nftfi.com