Credit Metaverse Launches First WAX Blockchain Lending Service Using NFTs as Collateral.

Cyber ​​Labs announces the launch of Credit Metaverse, the first lending service on the WAX ​​blockchain that allows asset holders to use NFTs as collateral for loans of up to 30 days.

Dubai, United Arab Emirates, June 16, 2022, King News Wire, Fans of the game to win, rejoice! NFTs can now be used as collateral for short-term loans on the WAX ​​blockchain. Credit Metaverse by Cyber ​​​​Labs is the first service of its kind, supported and designed by experienced crypto entrepreneurs who deeply understand the world of gambling to win.

“Credit Metaverse helps asset owners accelerate their growth by unlocking value and liquidity through a fully structured and transparent mechanism,” says company founder Aleksi Vitakoski.

Credit Metaverse offers a unique financial service: a loan marketplace where players and collectors looking for loans can post verified and approved NFT assets and desired loan terms. Potential lenders then have the option of accepting the terms or making counter-offers.

“Metaverse Credit solves the liquidity problem for play-to-earn NFT players and others whose WAX ​​tokens are locked into NFT investments. They can select their NFT collateral and receive a loan offer within minutes,” says co-founder Karlo Turk.

Credit Metaverse also invites users to enjoy preferential lending terms, share profits from the lending service, and explore additional investment opportunities through its CMW token and Credit Metaverse NFT collection.

The CMW token offers a unique tokenomics model. Tokens can be used to purchase Premium Credit Metaverse NFTs, staked for mining, held as an investment, or traded for WAX.

The Credit Metaverse NFT Collection combines NFTs in an unprecedented way with real-world business, using blockchain technology and smart contracts. Holders of Free and Prime Collection NFTs receive reduced loan interest rates, a portion of collection sales, and CMW tokens. NFT Premium owners receive a monthly loan revenue share plus loan interest rate reductions of up to 30%.

Credit Metaverse predicts that NFT-backed lending services will be a very active industry in the future. While the first phase of the project is exclusive to the WAX ​​blockchain, the company plans to expand to other blockchains in the coming quarters.

“The metaverse and in particular the game-to-win environment continues to grow and hit new user base milestones,” says Vitakoski. “Credit Metaverse is responding to this strong demand by providing a new financial service in this environment. Game life to win has become more valuable! »

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Media Contact

Media Contact: Credit Metaverse

Contact person: Aleksi Vitakoski, Founder of Credit Metaverse

E-mail: Send an email

address1: One World Trade Center, Sheikh Zayed Road

Town: Dubai

Country: United Arab Emirates


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