Non-fungible token (NFT) lending platform Astaria is launching publicly after a lengthy closed beta period.
The platform, co-founded by former decentralized finance (DeFi) protocol SushiSwap CTO Joseph Delong, allows NFT holders to lease their assets to traders who may not be able to afford a blue-chip NFT in a single purchase. With support for over 300,000 NFTs, Astaria seeks to pump liquidity into the greater Ethereum-based NFT ecosystem.
However, unlike other NFT lending platforms that operate peer-to-peer with borrowers and lenders, Astaria is utilizing a third party to facilitate its lending market, tapping NFT appraisal service Upshot to serve as the “strategist” that will help liquidity providers enter the market while helping borrowers in leasing their assets.
Justin Bram, CEO and co-founder of Astaria, told CoinDesk that peer-to-peer lending
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