#ApeFollowApe. Just #Aped in. #CryptoPunks. #BAYC. It’s an open sea of NFT genius out there, and as usual, Nexo is reining in the brilliance and presenting you with a brand new, structured, premier MetaFi service to best leverage the asset class: our NFT Lending Desk.
The NFT Lending Desk, Explained
Get instant liquidity without having to sell your precious NFTs.
- Collections: We accept Bored Ape Yacht Club & CryptoPunks, with more collections to be announced in the weeks to come.
- Currencies: Various stablecoins, ETH, and other digital currencies are available for your credit withdrawals.
- Loan-to-Value: Borrow up to 20% of the value of your BAYC or CryptoPunks without selling them.
- No Credit Checks: Prompt loan approval without the hassle of credit scores and inquiries.
- Flexible: No liquidations before maturity, even if the value of your NFT fluctuates during the course of the loan, you won’t get liquidated.
- White-Glove Service: You will be assigned a dedicated account manager to help you fully utilize our new product.
Next-generation Art Financing for Web 3.0
Art financing is a potent tool from traditional finance that Nexo has adapted for the blockchain space, and, more specifically, for NFTs. This feature comes in handy in cases where a client doesn’t already own an NFT but would like additional capital to acquire one. For clients who don’t have an NFT to put up as collateral, Nexo can create a bespoke service, wherein we provide the additional capital needed to buy their desired token, purchase it on the client’s behalf and immediately collateralize it to back the outstanding crypto credit.
How to Get Started
Since the NFT Lending Desk is an OTC service, clients who wish to apply for NFT-backed loans will have to fill out our specialized contact form. Here’s how:
- Go to the NFT Lending page and click the “Apply Now” button.
- Fill out the form. Make sure you have your Bored Ape/CryptoPunk’s ID, you’ll need it to complete this step.
- Once you submit the form, a Nexo representative will contact you promptly.
Please, be aware that due to our team’s capacity, we will only respond to requests that include the requested information about the client’s ownership of an NFT from one of the supported collections.
What’s Next for Our NFT Lending Services
Nexo is the first crypto lender to offer NFT-backed crypto credit, and with it, creating a range of completely new financial tools for this emerging asset class. Our NFT Lending Desk and art financing functionalities are just the beginning of Nexo’s NFT and MetaFi journey, with more investment-grade products, accessible, secure and high-profit exposure to the NFT market coming to our product suite soon.