Singular launches cross-chain NFT lending, supporting multi-ecosystem assets such as BTC

ChainCatcher news, according to official sources, the decentralized NFT lending platform Singular has launched a cross-chain batch lending feature, which will support cross-chain lending of NFTs from multiple ecosystems such as BTC and Ethereum on Layer2.

With this launch, Singular will become the first NFT cross-chain lending platform, as well as the first peer-to-pool lending protocol supporting BTC and NFTs. The cross-chain batch lending feature can save users a significant amount of GAS (according to actual test data, the total GAS savings exceed 90%), while also providing a better interactive experience for users on Layer2.

Singular has currently completed Layer2 cross-chain lending support for Ethereum ecosystem NFT assets, and the BTC ecosystem NFT lending feature will be launched soon. According to the official website, the platform will first support the Bitcoin Frogs project from the BTC ecosystem. In addition, Singular is actively deploying ecological cooperation with BTC Layer2 to provide liquidity support for NFT assets in the BTC ecosystem on BTC Layer2.