Flowty is a peer-to-peer collateralized NFT lending marketplace built on the Flow blockchain, enabling users to lend and borrow NFTs while ensuring liquidity through a transparent transaction process. The platform addresses the lack of accessible financing options for NFT holders by allowing them to leverage their digital assets as collateral for loans.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
LCFounders
Product
Problem
NFT holders often lack accessible financing options to leverage their digital assets, hindering liquidity and potential investment opportunities within the NFT ecosystem. Traditional financial systems are slow to integrate NFTs as collateral due to valuation complexities and regulatory uncertainties.
Solution
Flowty is a peer-to-peer marketplace built on the Flow blockchain that enables users to lend and borrow NFTs using a collateralized system. The platform provides a transparent transaction process where NFT holders can secure loans by using their NFTs as collateral, while lenders can earn interest by providing liquidity. Flowty supports various NFT collections, including NBA Top Shot and NFL All Day, and offers features like fair market value (FMV) assessment to facilitate informed lending and borrowing decisions. By creating a decentralized lending and borrowing environment, Flowty unlocks the financial potential of NFTs and promotes greater participation in the Flow blockchain ecosystem.
Target Audience
The primary target audience includes NFT collectors and investors on the Flow blockchain seeking to either borrow funds using their NFTs as collateral or lend funds to earn interest on NFT-backed loans.
Features
- Peer-to-peer NFT lending and borrowing platform on the Flow blockchain
- Collateralized loans using NFTs, providing liquidity for NFT holders
- Support for multiple Flow-based NFT collections, including NBA Top Shot, NFL All Day, UFC Strike, and La Liga Golazos
- Fair Market Value (FMV) assessment tool for NBA Top Shot and NFL All Day NFTs
- Low seller fees at 2.5%
- Bulk listing option to list up to 75 NFTs in a single transaction
- Dapper wallet integration for seamless transactions