Forward Protocol x Liqd Partnership — Bringing Innovative Liquidity Solutions to the NFT Space
We are delighted to update our community about our partnership with Liqd to unlock innovative liquidity solutions in the NFT market space.
The Forward Protocol project is perennially committed to its vision to make blockchain adoption seamless and rewarding for users. We are excited to announce that Liqd will now support our mission to deliver blockchain adoption toolkits delivered through a non-technical, user-friendly interface.
Our partnership with Liqd will facilitate a financial ecosystem where NFT holders and other DeFi users can access loan services and other innovative financial solutions and also earn returns on their holdings.
What is Liqd? 🔍
Liqd is an NFT marketplace built to enable the collateralization of NFTs. The platform enables individuals who hold NFT assets to unlock liquidity by borrowing against the value of their asset(s).
In turn, Liqd unlocks a peer-to-peer lending opportunity for crypto-holding individuals to lend capital for a set interest rate, backed by the value of the underlying NFT asset.
The project caters to borrowers, lenders, and NFT projects.
- gain liquidity through loans issued against their valuable illiquid assets (NFTs)
- set the term for loans (amount, time frame, APR)
- assess lenders to choose the best loan offers and requirements for their personal needs
- earn interest on their NFTs by offering them as flexible loan facilities
- acquire blue-chip NFTs at a fraction of their price if a loan is unpaid
For NFT projects,
- artists can gain liquidity even without selling their assets at inconvenient periods
- It also encourages holders to remain within their preferred NFT communities without selling off their assets before they want to.
Partnership Details 🤝
Forward Protocol does not compete with anybody; we collaborate to make blockchain adoption seamless and straightforward. We enter this partnership with Liqd to present the ultimate liquidity solution for DeFi users and participants in the NFT marketplace.
Our collaboration with Liqd will allow us to present liquidity solutions for the NFT marketplace through a user-friendly and responsive interface. Working together, we also aim to facilitate access to diverse and innovative decentralized finance services.
Mitch Rankin, Forward Protocol Co-Founder said:
“Liqd has been on our radar for a while and we’ve only heard good things about them. Our partnership comes at a crucial point where we are ready to progress toward our collective goals and help each other reach the next level. We look forward to contributing to a future where participants in the NFT marketplace no longer face the current problems limiting the full potential of the digital asset space.”
Dusky, Liqd CMO said:
“Beyond all the hype, the NFT space is still developing and we are only scratching the surface of its potential. However, one of the biggest issues limiting participation within the space is liquidity. I believe the collaboration between projects like Liqd and Forward will play a vital role in solving this. We are delighted to be on this journey with Forward Protocol and excited to see how we can add value to the NFT space .”
The partnership between Forward Protocol and Liqd aims to lay the foundation for an NFT-based financial ecosystem where digital asset holders and other DeFi users can access loan services and other innovative financial solutions and also earn returns on their holdings.
About Forward Protocol — Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their dApps, subnets and blockchains without technical knowledge. Applications and smart contracts from Forward Protocol can be deployed on any EVM & Rust compatible chain in one click. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track mass adoption of Blockchain Technology.
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