Vera, the decentralized finance (DeFi) platform for non-fungible tokens (NFTs), completed a $3 million seed round of funding led by Animoca Brands.
With mainstream cryptocurrencies, DeFi solutions are available to enable users to borrow money against the assets and trade crypto P2P without using a centralized exchange.
Vera is developing a series of open-source smart contracts that will do the same for NFTs, by enabling DeFi applications such as lending, leasing, and trading. Leasing is particularly relevant for games because sometimes people might want to borrow an NFT-based character to play a game.
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