Vera Partners with Okra Finance
Vera partners with Okra Finance to access NFT assets and financial products as an instrumental part of the DeFi portfolio created utilizing Okra’s infrastructure, while allowing Buyers and Sellers to access funds to finance NFT mortgage purchases.
Partnership Details
The partnership showcases Okra’s on-chain asset management platform and the composability of its unique technology. Okra’s proprietary adaptors allow institutions to access a wide range of DeFi strategies in a cost and operationally efficient manner.
Institutions can layer multiple strategies, yields and risk management across different asset classes (such as Fungible Crypto, NFT, and Security Tokens) within a single smart contract transaction. Vera Partners with Okra Finance mission is to spearhead institutional access to crypto as a long-term asset class offering unique risk-reward.
Further Benefits
Despite recent success, NFT technology is still in the early stage of growth. With buy/sell marketplaces for digital art and in-game assets are early use cases, it is projected that several other sectors such as music, entertainment, consumer goods, and real estate will witness much broader adoption of NFTs in the near future, expanding the potential NFT market size to be in the trillions of dollars.
Understanding the market demand, Vera Labs is building an open and decentralized financial platform for any NFT asset with the advanced seller and custodian-protection features. Vera Labs users can rent, lend, and mortgage non-fungible tokens (NFT).
About Okra Finance
Okra finance is the first permissioned DeFi index creation and execution platform powered by smart contracts. Their mission is to create an on-chain asset management ecosystem for institutional participants. The goal is to have access to a wide range of DeFi strategies and build customized portfolios. Okra’s unique “permissioned” framework provides the necessary infrastructure for institutions’ long-term participation as the DeFi landscape continues to evolve.
About Vera
Vera is building Stripe for NFTs to enable the best decentralized way to rent and mortgage non-fungible tokens (NFT). Vera is the new digital currency for electronic NFT payments.
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