Author: marcelinobiscoe
Pine Raises $1.5M to Provide Instant Liquidity to NFT Owners
The round is led by Sino Global Capital, Amber Group and Spartan Group, with participation from Alameda Research, Gate Ventures, Impossible Finance and Shima Capital. The Pine Platform, which is built on top of the Pine Protocol, enables permissionless instant lending and borrowing of cryptocurrencies using NFTs as collateral. The Pine Platform offers distinctive features to provide a better user experience: The “Pine Now, Pay Later” feature allows anyone to purchase NFTs on open NFT marketplaces with a mortgage, providing flexible financing terms. Currently, OpenSea and LooksRare are supported with more marketplaces to be added. Additionally, NFT owners will be ... Read more