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A cryptocurrency enthusiast has borrowed $1.7 million using an NFT of Supreme T-shirts as a security.

crypto, DeFi, Future Finance, NFT, NFTs, UncategorizedJuly 2, 202434Views0Likes0Comments
In a unique financial transaction, an anonymous user has taken a loan of US$1.1 million (AU$1.7 million) from a stranger via Arcade, a DeFi platform that enables cryptocurrency lending. The loan was noticed by an observer browsing through blockchain records. According to Arcade’s records, the borrower is required to pay an annual interest rate of…

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A cryptocurrency enthusiast secured a loan of $1.7 million by providing a NFT of Supreme T-shirts as a guarantee.

crypto, DeFi, Future Finance, NFT, NFTs, UncategorizedJuly 2, 202429Views0Likes0Comments
An unidentified cryptocurrency user has made use of an NFT (non-fungible token) as collateral to secure a loan worth $1.1 million from a stranger online. The deal was facilitated on Arcade, a DeFi (decentralized finance) platform that enables cryptocurrency loans. Both the borrower and lender in this transaction are anonymous. The annual percentage rate (APR) of…

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Understanding MetaMask: An Overview of This Cryptocurrency Wallet’s Functioning.

crypto, Cryptocurrency, Future Finance, NFT, UncategorizedJune 26, 202436Views0Likes0Comments
In the wake of the COVID-19 pandemic and the ensuing global lockdown, a phenomenon named Non-Fungible Tokens (NFTs) came into existence. As a result, MetaMask, a prominent brand in the NFT space, emerged. MetaMask is a type of crypto wallet that allows users the facility to store or access crypto, NFTs, various other Web3 and DeFi…

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Understanding MetaMask: Functions and Operations of this Cryptocurrency Wallet

crypto, Cryptocurrency, Future Finance, NFT, UncategorizedJune 26, 202435Views0Likes0Comments
MetaMask is a popular non-custodial cryptocurrency wallet that garnered immense attention in the wake of the 2021 lockdown-induced rise in NFT usage. Developed by Dan Finlay and Aaron Davis in 2016, it operates under blockchain technology company ConsenSys Software Inc. As a non-custodial wallet, MetaMask requires users to take complete responsibility for their wallets, leaving…

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