NILE by Wemade officially launches NFTFi, an NFT-based DeFi service
NFT-based Lend and Borrow; Swap to be added
Borrow offers to be auctioned off to the highest bidder
NFTFi to heighten NFTs’ value as financial assets and contribute to sustainable WEMIX3.0 ecosystem expansion
Seoul, South Korea, 22nd June 2023, ZEX PR WIRE, NILE, a DAO & NFT platform, officially launched the NFTFi service on 22nd June. NILE (NFT Is Life Evolution) is based on WEMIX3.0, the blockchain mainnet by Wemade.
NFTFi is an NFT (Non-Fungible Token)-based peer-to-peer DeFi service. Borrow and Lend are supported, and Swap will be added later. NFTFi supports all NFTs available on NILE’s Marketplace, including NEITH NFTs on NEITH Station which opened this March.
Lend and Borrow will take the form of an auction. Borrowers can lend WEMIX or WEMIX$ with NFTs as collateral. Lenders who want to lend their WEMIX and WEMIX$ can check the borrow request list for details before making a bid.
The highest bidder who offers the best options before the bidding ends wins and the contract will be made automatically. Collateralized NFTs will be locked up until the borrowed amount is paid back completely, and if the borrower fails to pay, NFT’s ownership will be transferred to the lender.
The value of NFT is at the center of NFTFi. NFTFi can offer NFT value assessed by various data that users can follow. NEITH NFT, in particular, offers an intuitive understanding of value, which can lead to more logical asset management.
NILE aims to heighten NFTs’ value as financial assets and contribute to the sustainable WEMIX3.0 ecosystem expansion through NFTFi.
A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.
ZEX PR Wire offers massive Press Release, News, Authored Articles, Editorial services, geared at generating massive exposure for your unique project, business, or concept.
ZEX PR WIRE is a premium press release distribution provides end-to- end solutions to produce, optimize and target content and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, ZEX PR WIRE serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.
Disclaimer: ZEXPRWIRE is a newswire distribution network. Articles and other content published by ZEXPRWIRE are the legal responsibility of the author and ZEXPRWIRE accepts no liability for the content of such material. ZEXPRWIRE publishes content for informational purposes and makes no representations regarding, recommendation or invitation to engage in, any form of financial or investment activity, and does not endorse the content of any material published.
ZEX PR WIRE allows users to submit their press releases through our online platform. Once submitted, our team reviews the content for quality and relevance. Upon approval, the press release is distributed to our extensive network, including major news outlets, industry-specific publications, and online platforms.
You can streamline the distribution process while still benefiting from human oversight. This ensures that your press releases meet quality standards, increasing the likelihood of media coverage and enhancing your brand's visibility.
ZEX PR WIRE accepts a wide range of press releases, including product launches, company announcements, event promotions, new partnerships, industry insights, and more. However, we do not accept press releases containing offensive or illegal content. For more information on this please visit https://zexprwire.com/editorial-guidelines/
Pricing for using ZEX PR WIRE varies depending on the distribution package you choose. We offer different plans to suit various needs and budgets. For detailed pricing information, please visit https://pr.zexprwire.com/pricing
You can view the total number of site submissions, status for each submission (live/pending), hyperlinks for each live PR, details pertaining to your package and number of press releases remaining, and view count for each live PR through third-party tracker integrations. (You may change the content according to what we provide in analytics).
ZEX PR Wire operates between 10AM to 7PM IST. During these hours, press releases may be distributed immediately after editorial approval of the press release. Otherwise, it will be published the next day. Additionally, several publications might require more than one day to be completed.
It generally takes 24- 72 hrs to publish the press release and generate the report
Yes, ZEX PR WIRE allows you to schedule the distribution of your press release for a specific date and time. This feature enables you to plan your PR campaigns strategically and ensure that your news reaches the right audience at the right time.
If you have any further questions or need assistance, you can reach out to our customer support team through direct Whatsapp ,chat on the web or can write to us at [email protected]. We are available to help you with any queries or concerns you may have.