Pawnfi.com Raises $3M to Launch the First Liquidity Protocol

Pawnfi.com (Pawnfi) has announced the closure of a $3M strategic funding round. The investment round was led by Digital Currency Group (DCG) and also included Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ, and 6Block.

The first DeFi product of its kind, Pawnfi.com is a brand-new lending and leasing market. It appraises, liquidates, and provides use cases for non-standard assets (NSAs). Supported NSAs include non-fungible tokens (NFTs), liquidity provider tokens (LP tokens), tokenized rights, minor crypto-currencies, and bundled assets.

“DCG is proud to be an early investor in Pawnfi.com. Pawnfi’s decentralized liquidity protocol can activate vibrant borrowing and lending markets for non-standard crypto assets, including NFTs — driving improved capital efficiency and greater value to these markets and the creator economy.”— Matthew Beck, Director of Investments at DCG

Pawnfi.com launched a closed beta to strategic investors, GameFi partners, and NFT KOLs in December 2020. Using the feedback obtained, it has now completed key iterations and innovatively put forward solutions for the fair value, liquidity, and risk control of NSAs.

 “The NSA market that Pawnfi addresses is significantly larger than the current NFT market. Specifically, the liquidity and user base will be many times higher than that of standard assets as the metaverse is gaining momentum. We will keep our edge in the scale of assets that Pawnfi covers and continue to put forward innovative functions.” — Pawnfi Founder and CEO Wesley Kayne

The Pawnfi development team comprises elite professionals from across the blockchain R&D, traditional financial industry, and game industry with a combined several years of development experience.

ABOUT Pawnfi
Pawnfi.com is a brand-new lending and leasing marketplace to provide fair appraisal, liquidity, and use cases for non-standard assets (NSAs). Pawnfi has achieved the divestiture of asset ownership, use rights, and earning rights within the product in an innovative way so that asset holders and users can maximize capital efficiency.

RESOURCES
Medium