Strip Finance

Strip Finance

Operates as a collateralized NFT borrowing and lending marketplace. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD9—14m (Dealroom.co estimates Oct 2021.)
Hyderabad Telangana (HQ)

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues<1m<1m
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Recent News about Strip Finance

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Strip Finance is a pioneering company in the decentralized finance (DeFi) space, specifically focusing on the non-fungible token (NFT) market. The company operates a peer-to-peer marketplace that allows users to collateralize their NFTs to obtain stablecoins, which are cryptocurrencies designed to have a stable value. This service is particularly useful for NFT owners who want to unlock liquidity without selling their valuable digital assets.

The primary clients of Strip Finance are NFT owners and investors. NFT owners can use their digital assets as collateral to borrow stablecoins, providing them with immediate liquidity. On the other hand, investors can lend their stablecoins on the platform to earn interest, making it an attractive option for those looking to generate passive income.

Strip Finance operates in the rapidly growing NFT and DeFi markets. The NFT market has seen explosive growth, with millions of dollars in value being created by hundreds of thousands of creators and enthusiasts. By providing a secondary market for NFT collateralization, Strip Finance is addressing a significant need for liquidity in this burgeoning ecosystem.

The business model of Strip Finance revolves around facilitating loans between NFT owners and stablecoin lenders. The company makes money by charging platform fees for these transactions. These fees are a percentage of the loan amount and are transparently disclosed to users. Additionally, the platform aggregates data from multiple NFT marketplaces to ensure accurate price discovery, which helps in assessing the value of the collateral.

In summary, Strip Finance is revolutionizing the NFT space by providing a decentralized platform for NFT collateralization, thereby enhancing liquidity and capital efficiency. The company serves NFT owners and investors, operates in the NFT and DeFi markets, and generates revenue through platform fees.

Keywords: NFT, DeFi, collateralization, stablecoins, liquidity, peer-to-peer, marketplace, digital assets, loans, decentralized.