Hoard Exchange, an Ethereum based NFT marketplace for trading, renting and lending NFT’s will be opening its gates on May 26th. Hoard allows users to borrow and pledge NFT’s of all kinds such as in-game items, digital art, domain names and more.
Users can trade their own NFT’s by listing them or discover other NFTs to purchase. Once a user acquires an NFT or uploads his own NFT into the marketplace, he can use them as collateral for a loan, depending on supply and demand. Hoard’s solution offers lenders a tool to yield high profits and an opportunity to acquire desired NFTs in case of a foreclosure.
The platform will provide beginners and advanced crypto enthusiasts with a user-friendly interface. Hoard focuses on user-owned in-game items, real estate, digital art, and many more NFT’s that can be traded, borrowed, or rented on the marketplace.
The lend and borrow functionalities will allow anyone who holds stablecoins and NFTs, to easily build an additional income with NFT as a borrower or leverage as a lender. In addition, the owners of HRD token can stake the coin and can get a financial return on their investment.
Radek Zagórowicz, CEO of Hoard, said:
“The Loan feature on the Hoard Market opens new possibilities for NFT holders. This is the first step of further development of novel NFTs functionalities/utilities which Hoard is going to introduce in the coming months.”
Hoard is an NFT marketplace that ensures low fees and supports many ERC20 tokens for transactions. The platform supports advanced DeFi liquidity functionalities and money lending through the Marketplace using NFT’s as collateral.