Sophisticated NFT Trading

From Hack Targets to JPEG Connoisseurs

Welcome Anon, today we are going to dive into how you can take your NFT trading to the next level.

NFTs are among the great “narratives” that came out of the last cycle and have become a household name at this stage. While we have not seen the full potential of its capabilities yet, we see exciting development in the NFTfi space that will most likely catch a narrative in the next cycle.

The first wave of NFTfi protocol was NFT lending protocols such as JPEG’d, NFTfi, and Bend DAO (although Bend DAO faced significant trouble earlier during the year due to accumulating bad debt). Still, it brought further utility to NFTs and provided more capital efficiency and the ability to short your NFTs by lending against them.

Now, we are about to experience the 2nd wave of NFTfi protocols that will bring sophisticated financial products to the world of JPEGs that will take NFT trading to the next level. For a user base that has been criticized for their lack of knowledge (BAYC owners continuously getting hacked), the NFT industry is about to catch a new wave of players trading their digital collectibles.