Blockchain applications on mobile device

Abstract

Non-Fungible Tokens (NFTs) are non-interchangeable digital tokens on a blockchain. They are used to represent and verify the authenticity of unique assets like a piece of art, media, and collectibles. NFTs has been rapidly gaining popularity since early 2021. However, unlike cryptocurrency, which is also on the blockchain, there is little to no way of leveraging an NFT for monetary gains. Hence, this project aims to fill that gap by creating a platform for NFT owners to gain some value from their NFTs by allowing the collateralization of NFTs. Besides lending for profit, NFTLend also provides NFT collectors with a chance to acquire an NFT that would be costly or otherwise impossible.