If you’ve ever wondered how to tap into the value of your NFTs without selling them, this is how!
Fluid Token will be providing the ability to provide your highly valuable CNFTs to be used as collateral in DeFi loans. Lock your NFT into a smart contract and mint cryptocurrencies on the other end.
This is possible in Cardano as NFTs are treated as native tokens on the blockchain, that is, they act and are treated the same way as the ADA cryptocurrency is treated on chain. Combining this unique feature with Plutus smart contracts allows you to define decentralised finance parameters around the contract and unlock potential liquidity.
Check out the project and Whitepaper at: Fluid Tokens