What are the popular uses of NFTs in the cryptocurrency industry?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we are exploring the use of NFTs in decentralized finance (DeFi). NFTs can represent ownership of assets such as real estate or stocks, enabling fractional ownership and liquidity through tokenization. This opens up new possibilities for investors to diversify their portfolios and participate in previously inaccessible markets. Additionally, NFTs can be used as collateral in lending platforms, allowing users to borrow against their digital assets. The integration of NFTs with DeFi has the potential to revolutionize the financial industry by creating new opportunities for asset ownership and investment.
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