Vera platform carries the price of DeFi derivatives for NFTs

From 2020 onwards, NFTs gradually introduced a new "concept", but even if you don't know the cost of art and composite products out of the "high cost", NFTs didn't believe to be the " ideal "cryptocurrency. sector. Enjoy the warm and warm floors ”In addition to the graphics and the NFT collection, there are also some NFT treasures worth investing in, such as the NBA Top Shot star cards and the NFT blind box on the plate. -shape .like Binance NFT with many similarities. Business viewers and some newbies will benefit.

Of course, NFTs continue to grow after 2020. The popularity of GameFi Gold has allowed NFTs to become gaming devices, and some NFT products like Axie Infinity, RACA fart, all old beasts are worth it. As the GameFi industry grows, NFTs will play a bigger role.

For example, some DEX LPs are currently in use as NFTs. Along with DEX Certificate of Insurance, NFT LPs are also cost effective and usable. some loans. , real estate and other platforms generate additional income and increase investments. However, in light of the current development of the NFT market, the main representatives of NFT assets are art products and toys.

Whether it's NFT writing, artwork, or gaming props, it has some value, but it's difficult to deliver good quality products to the market right now. For example, if you have an NFT painting or artwork valued for purchase, you typically use the exchange rate as a significant measure of value, but you will come across water bottles if you resell them. It's similar to real estate, it's hard to find a buyer who offers a reasonable purchase price in a short period of time even though the property has some value, no activity.

Currently, Vera is developing a platform for financial derivatives with NFT as its core and, like some financial cryptocurrencies, is gaining capital in DeFi, making it difficult for NFT tools to benefit from DeFi.

How Vera Modifies an Existing NFT Ecosystem in the Form of DeFi

Marketing for commercial NFT assets such as OpenSea, Rarible, and BakerySwap can generate income for NFT assets, and most can provide marketing or casting services in a decentralized form, but limited to that. In addition to providing services such as business and marketing services, Vera herself has also developed a profitable financial ecosystem with NFT assets as a core.

As an Open Non-Homogeneous Wealth Financial Platform (NFT), Vera can provide financial distribution, borrowing, lending, seller protection and other financial services conveniently to any NFT application. From blockchains (eg Ethereum, Polkadot, Solana, Polygon and BSC).With Vera, you can generate new revenue for apps like the NFT industry, sports, or Metaverse, as well as help those apps improve user experience and support communities. .

For example, if you have NFT gaming tools at a certain price, you can use the NFT tools on the Vera platform for additional security like loans and lending. Vera provides NFT assets as a liability on the Vera platform so that other users can earn income by renting connected devices, and also earn some value. Products to avoid reliability problems.

Of course, for some projects and art collections, NFT assets can also be borrowed without a loan. This means that the user does not have to borrow any assets when borrowing NFT. "The devices ensure that NFTs are kept throughout the rental period to ensure the safety of NFT members as they never leave the tenant's wallet. Of course, this will allow NFT owners to borrow their NFT assets on the platform. -forms Vera to secure a mortgage, and NFT owners can repay their NFT assets after returning Vera's funds and interest.

If you are a trader or NFT enthusiast, you can purchase NFT assets in the “setup” form through Vera, where you pay the “down payment” up front and purchase NFT on account. Of course, these processes benefit from the investment of the NFT assets and the resources themselves.

Additionally, some app developers will benefit from Vera support. For example, you can add DeFi services to your NFT application without worrying about design, business and financial logic, allowing users to use the DeFi protocol you create and have a safe and happy time. Developers of low-cost financial services such as loans (e.g. using NFTs to repay loans), loans / borrowings, etc. can concentrate on their important business without any problem.

Vera is also expected to support DTV funding requests. For example, artists and writers can foster their relationships with each other through NFT. Some physical, real estate and financial product collections still require NFTed supplementation and some are viewed by Vera. The scenarios of financial derivatives on synthetic assets further enhance the integration of traditional finance with the licensed cryptocurrency industry.. Vera also finalized the first non-depository lease of $ 1.5 million Bored Ape and XOiD NFT, which is also important for the Vera platform.

Currently, Vera hosts many community partners including AscendEX, Demo, TotemFi, Polygon, Solv, BitMart, SupraOracles, ChainGuardians, HighStreet, Netvrk and more.

The Vera ecosystem uses $ VERA as a symbolic role and has two asset models: Ethereum and BSC. System. Users can use $ VERA tokens as a commodity to increase their cash flow on their NFT / Mortgage loans. People who borrow or lend NFTs with VERA $ can get loan / mortgage rebate and fee rebate when proof is provided. Part of the fees paid by the Vera platform will also be used to break down the $ VERA, while the remaining amount will be used to repay the interest on the loan. An extension of $ VERA will reduce all supplies, increase token value as long as demand is consistent.

In August of this year, Vera received a $ 3 million seed harvest led by Animoca Brands, Dweb3 Capital, Krypital Group, Shima Capital, SL2 Capital, Mozaik Capital, Sentor Investments and Sandbar Investments.

By creating a market for NFT and derivative scenarios, Vera will strengthen the ability of NFT assets to play a key role in a wide range of applications and provide data for NFT devices.