The peer-to-peer NFT lending protocol NFTfi has completed a $6 million Series A funding round, led by Placeholder VC

ChainCatcher news, according to CoinDesk, the peer-to-peer NFT lending protocol NFTfi announced the completion of a $6 million Series A1 funding round, led by Placeholder VC, with participation from Maven 11, Launch Labs Inc, Kahuna Ventures, and others. Currently, NFTfi's total fundraising amount has reached $15 million.

It is reported that NFTfi was launched in 2020 and is a pioneer in NFT finance, facilitating significant on-chain loans. Future plans include enhancing dApp functionality, expanding SDK capabilities, and creating an open settlement layer for NFT finance. NFTfi allows NFT holders to borrow ETH, USDC, or DAI from lenders using their NFTs as collateral in a trustless P2P manner.