21/06/2022 Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria

The platform, led by CEO Justin Bram and DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September.

Non-fungible token (NFT) lending platform and liquidity engineAstariahas raised $8 million in seed funding to build during the bear.

The round included True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO and many others. (Genesis is a subsidiary of Digital Currency Group, which also owns CoinDesk.)

Astaria allows users to put up their NFTs as collateral to earn instant liquidity. According to co-founder and CEO Justin Bram, the recent dip in NFT sales followed by signals of a bear market makes Astaria’s services attractive for NFT owners looking to earn passive income on their digital assets.

“We’re very bullish on NFTs and bringing real assets in the future,” Bram told CoinDesk, when asked about current trends in NFT markets. “Over the next three to five years our hope is that we will expand well beyond art-based NFTs and profile picture NFTs.”

Users who put their NFTs up as collateral can use Astaria to take out loans in ether (ETH). According to co-founder and Chief Technology Officer Joseph Delong, a crypto veteran who previously led decentralized finance (DeFi) protocol Sushi and worked at ConsenSys, Astaria will eventually integrate multiple chains beyond Ethereum to support loans in other cryptocurrencies.

“We know Ethereum will be here in three, five years. We don’t know which other layer 1s [blockchains] will be. We don’t know which layer 2s [companion systems] will succeed,” said Bram on the topic of cross-chain expansion.

The market for NFT lending services has grown over the past year, with companies such asNFTfiandArcadeproviding peer-to-peer lending services. Astaria differs in that it will not mandate two-way approvals, in an effort to make transactions more efficient.

According to Bram, Astaria plans to use the funding round to expand its current eight-person team. He says the platform’s public launch could come as early as September.

Arts

https://www.coindesk.com/business/2022/06/20/ex-sushi-cto-raises-8m-for-nft-lending-platform-astaria/

Interesting NFTs
#79013
By OthersideDeployer
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
Faceplant
Facebook logo factory. 3D animation, 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Octane, and After Effects. Originally posted on TikTok (@jigpx) on 1/4/21. 38.7m+ views, 2.1m+ likes (as of 4/22/21).
Traffic
Traffic explores a crossroads between the metaverse & reality through organized chaos. The complexity of this aural / visual landscape demanded over 200 hours of design time between Slimesunday & 3LAU. Every detail of this piece was built from scratch, from the reflective puddled pavement to the stabbing synthesis of the song. We think we'll be spending a lot more time in the metaverse in the future, don't you?
tre/2.1 Unique 1/1
tre/2.1 Unique 1/1