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Landing platform Nexo has developed a digital pawnshop service that accepts NFT tokens as collateral for a loan. At the moment, only two collections of digital art are recognized as liquid – Bored Ape Yacht Club and CryptoPunks.
The hedge fund Three Arrows Capital acted as a partner of the new NFT Lending Desk platform, which will evaluate unique tokens and act as a guarantor of quick redemption of collateral in the event of a borrower’s credit default.
According to Nexo, this is a mutually beneficial cooperation, the partner became the first client of the new service. Three Arrows Capital pledged unnamed items from its own holdings. The resulting loan is used by the hedge fund to fund new acquisitions by NFT.
The Nexo token has not yet reacted in any way to this news. The service cryptocurrency of the platform has updated its minimum this week and has now bounced off the bottom.
Filecoin Decentralized Data Warehouse, launches a five-year project with the City of New York. Blockchain developers from Protocol Labs have agreed with the mayor’s office to post public data on the network about meetings, weather, real estate auctions, transport operations, incidents, etc.
The goal of the experiment is to demonstrate the cost of storage, which is much cheaper than cloud services, security reliability and technological advantages. Protocol Labs plans to write smart contracts for data mining that decentralized improve and optimize the operation of city services, transportation, and the quality of life of citizens.
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