Terra Virtua partners with Polkalokr to Explore Escrow services with NFTs

Terra Virtua announced a strategic partnership with Polkalokr.

Through this collaboration, Terra Virtua will provide the NFT’s for Polkalokr Staking rewards.

” We are working with Polkalokr to unlock the true value in loaned NFT’s. The collateralization of NFTs has become an emerging trend with galleries and institutions, where assets (NFTs) are locked and transferred for specific events such as exhibitions. This demand for NFTs opens the potential for owners of NFT’s to sub-lend or display their assets for specific cases while charging the borrowing party a premium or interest. The entire arena of lending for NFTs is growing, and Terra Virtua is thinking deeply about this space. We feel Polkalokr’s highly customizable, flexible escrow products will give us something innovative, allowing our users to monetize their pieces in new and unique ways.” — Jawad Ashraf, CTO & Co-founder of Terra Virtua

About Polkalokr

Polkalokr is the first all-in-one, multi-chain token locking & escrow platform with built-in privacy functionality.

About Terra Virtua

Terra Virtua is an entertainment-focused collectibles platform. Using blockchain technology, it provides utility by allowing collectors of digital assets to display and interact with their virtual goods in PC, Web, Mobile and Augmented Reality.

➡️Source:
https://medium.com/terravirtua/terra-virtua-partners-with-polkalokr-to-explore-escrow-services-with-nfts-ef17f85b492a