Non-fungible Technologies provides financial products and infrastructure for non-fungible tokens (NFTs) through its decentralized Arcade Protocol, enabling users to maintain control over their assets while facilitating NFT borrowing and lending on the Ethereum blockchain. The company also offers strategic advisory services and custom software development to help clients navigate the complexities of the NFT and web3 economy, maximizing their growth opportunities.
Funding
$17.1M 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.
Founders
Product
Problem
NFT holders often lack avenues to leverage their assets for immediate liquidity without selling them. Traditional financial systems are slow to integrate NFTs, leaving a gap in decentralized finance (DeFi) for NFT-backed loans.
Solution
Non-fungible Technologies provides the Arcade Protocol, a decentralized, non-custodial platform that facilitates NFT-backed borrowing and lending on the Ethereum and Base blockchains. Users can leverage their NFT portfolios, including meme coins, RWAs, and LSTs, to secure loans with custom terms. The platform supports a wide range of ERC-721 and ERC-1155 NFT collections as collateral, funded by ERC-20 tokens. Arcade's DAO-governed ecosystem allows lenders to earn yield by providing liquidity, while borrowers retain control of their assets.
Target Audience
The primary target audience includes NFT holders seeking liquidity, DeFi users looking to earn yield on NFT-backed loans, and Web3 participants interested in decentralized financial solutions for NFTs.
Features
- Supports borrowing and lending against a wide range of NFTs and ERC-20 tokens
- Customizable loan terms, allowing users to set specific conditions or accept open offers
- Non-custodial protocol, ensuring users maintain full control over their assets
- DAO-governed platform with $ARCD token holders participating in decision-making
- Integration with Uniswap for swapping tokens directly within the Arcade platform
- Live on both Ethereum and Base, offering options for different transaction speeds and costs