• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

NFT Marketplace DigiCol Launches Lending & Borrowing w/ “Negative Fee” Trading

NewsBTC by NewsBTC
7 months ago
in Company News
Reading Time: 2 mins read
Advertisement

The NFT sector continues to expand its use cases and seems poised to onboard millions of users in the coming years. These digital assets have seen great adoption in 2021 and could propel the crypto industry into a new era of adoption as more platforms introduce features that make them more accessible.

In that sense, DigiCol, a comprehensive NFT marketplace since 2020, is set to break the barriers in the sector and increase its adoption.

Recently, DigiCol became the first comprehensive NFT marketplace to introduce a Collateral feature. Advancing NFT finances to another level, this new element in the DigiCol ecosystem will enable users to use their NFT as collateral to borrow Ethereum (ETH), DGCL, Tether (USDT), and other cryptocurrencies from users in the platform or to lend it to others.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

To celebrate the launch, the platform is offering a “negative fee” for buying, selling, lending, or borrowing the selected popular NFT series such as Cryptopunks, Sandbox, Decentraland, etc. Not only you will get 100% rebate on the platform fee, but also earning free native tokens from their liquidity farming program.

Via this Collateral mechanism, only found on this platform, a borrower will have a loan period to repay the debt in addition to an agreed interest with the counterpart. If the user fails to pay, the lender will receive ownership over the collateral.

Unlike traditional finances where the process is controlled by a central authority, DigiCol’s Collateral feature will be fully enforced by a smart contract. Thus, lenders and borrowers will not only benefit from a new NFT use case, but from a frictionless, trustless, and decentralized system.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

As seen below, DigiCol’s NFT Collateral platform is easy to access and use. Participants need to follow a few steps to borrow or lend their NFT. These digital assets can now be used to increase an owner’s liquidity without the need to detach themselves from a unique NFT.

DigiCol To Enter Phase 2 Into The Future Of NFT Finance

As of now, DigiCol supports the following contracts: Cryptopunks, ENS, Cryptovoxels, Decentraland, and Sandbox, but the platform is working on further integration with other popular NFT collections such as Bored Ape Yacht Club, Desperate ApeWives, Mutant Ape Yacht Club. Expected to come out in Q4, 2021, it will follow a list of major accomplishments achieved by DigiCol and its team in the past months.

In addition, to an overall improvement of the platform, major partnerships, and integration with big projects in the crypto ecosystem, the platform is headed to a new stage in 2022 supported by their Colletaral feature and the expansion of NFTs use cases.

On this topic, DigiCol already has in place projects that will tackle NFT supported games. This trend has seen a massive explosion in terms of adoption as it provides users rewards and a unique experience for investing time in their favorite games.

2021 could have been the year for NFTs, but these digital assets are nascent and with a lot of potential to capture billions of dollars from the traditional finance system. DigiCol and its users, in particular, seemed poised to spearhead the NFT Finance ecosystem with a unique model that could take the entire industry into the mainstream.

 

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

The ALTER EGO project group burned and buried the crypto market during the Art Manifesto performance in Venice to revive it with the NFT Memento Mori collection

The ALTER EGO project group burned and buried the crypto market during the Art Manifesto performance in Venice to revive it with the NFT Memento Mori collection

2 days ago
“Global economy can be fixed by digital transformation & blockchain technology,” says H.E. Justin Sun, Ambassador for Grenada to the WTO

“Global economy can be fixed by digital transformation & blockchain technology,” says H.E. Justin Sun, Ambassador for Grenada to the WTO

2 days ago
Plugin & Sumunnati Targets to Access Weather Intelligence for Financial Aid

Plugin & Sumunnati Targets to Access Weather Intelligence for Financial Aid

2 days ago
ViaBTC’s Sixth-Anniversary Events Come to a Successful End, Bringing Tens of Thousands of Users to a Crypto Carnival

ViaBTC’s Sixth-Anniversary Events Come to a Successful End, Bringing Tens of Thousands of Users to a Crypto Carnival

3 days ago
Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

5 days ago
Cryptocurrencies With Incredibly High Market Caps

Cryptocurrencies With Incredibly High Market Caps

6 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Gnox (GNOX), NEO (NEO), and IOTA (MIOTA) are Quickly Becoming The Most Held Cryptos During Bear Market

July 7, 2022

LBank Exchange Will List IX Token (IXT) on July 7, 2022

July 6, 2022

Has Bitcoin (BTC) Finally Died? Are Financial Management Crypto Like Gnox (GNOX) The Future Of The Industry?

July 6, 2022

LBank Weekly Listing Report, 4th July 2022

July 6, 2022

Zenith’s token ZNT lists on Huobi Global, strengthening its presence among lending protocols

July 5, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.