{"id":9476,"date":"2023-07-12T10:50:47","date_gmt":"2023-07-12T10:50:47","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/12\/luxury-meets-defi-arcade-xyz-introduces-nft-collateralized-watch-loans\/"},"modified":"2023-07-12T10:50:47","modified_gmt":"2023-07-12T10:50:47","slug":"luxury-meets-defi-arcade-xyz-introduces-nft-collateralized-watch-loans","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/07\/12\/luxury-meets-defi-arcade-xyz-introduces-nft-collateralized-watch-loans\/","title":{"rendered":"Luxury Meets DeFi: Arcade.xyz Introduces NFT Collateralized Watch Loans"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Arcade.xyz transforms NFT lending by introducing the concept of luxury watch loans. Now, borrowers have the power to use their watches as collateral. Read on to find out how you can gain NFTs through your luxury watch!<\/span><\/p>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Arcade.xyz introduces luxury watch loans, allowing borrowers to access funds based on the value of their watches.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Significantly, borrowers send their luxury watches to 4K and receive NFTs representing ownership. These are then listed on Arcade.xyz for lenders to make loan offers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">With a focus on privacy and security, Arcade.xyz\u2019s lending process enables users to borrow or lend without showing their identities, making it a popular choice in the growing NFT lending market.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_122070\" aria-describedby=\"caption-attachment-122070\" style=\"width: 1080px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122070 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Still from Luxury Watch Loans\" width=\"1080\" height=\"1080\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade.jpeg 1080w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-300x300.jpeg 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-1024x1024.jpeg 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-150x150.jpeg 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-768x768.jpeg 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-56x56.jpeg 56w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-450x450.jpeg 450w\" data-lazy-sizes=\"(max-width: 1080px) 100vw, 1080px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade.jpeg\"\/><\/noscript><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-122070 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade.jpeg\" alt=\"Still from Luxury Watch Loans\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade.jpeg 1080w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-300x300.jpeg 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-1024x1024.jpeg 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-150x150.jpeg 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-768x768.jpeg 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-56x56.jpeg 56w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade-450x450.jpeg 450w\" sizes=\"(max-width: 1080px) 100vw, 1080px\"\/><\/noscript><figcaption id=\"caption-attachment-122070\" class=\"wp-caption-text\">Arcade.xyz Introduces NFT Collateralised Watch Loans<\/figcaption><\/figure>\n<h2><span id=\"Unlocking_Value_Luxury_Watch_Loans_Meet_DeFi_with_Arcadexyz\"><b>Unlocking Value: Luxury Watch Loans Meet DeFi with Arcade.xyz<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Arcade.xyz, the decentralised finance (DeFi) protocol for NFT lending, has just <\/span><a href=\"https:\/\/twitter.com\/Arcade_xyz\/status\/1669061228214341634\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">introduced a new feature<\/span><\/a><span style=\"font-weight: 400;\"> that allows borrowers to leverage their luxury watches as collateral for loans. This means that users can now access funds based on the value of their watches.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Significantly, it works by users sending their luxury watch to 4K, an on-chain escrow protocol. In return, users receive an <\/span><a href=\"https:\/\/nftevening.com\/nft-non-fungible-token-guide\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">NFT<\/span><\/a><span style=\"font-weight: 400;\"> representing ownership of their watch. Arcade.xyz lists these NFTs on its platform, allowing lenders to make loan offers. Once both parties agree on a loan agreement, the platform securely transfers the NFT to a wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform\u2019s lending process ensures that as a borrower or lender, you can use the service without showing your identity, offering a level of privacy and security that traditional institutions may not provide. Furthermore, with nearly $100 million worth of NFT-based loans already facilitated by Arcade.xyz, it\u2019s clear that this lending model is gaining popularity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Arcade.xyz use of<a href=\"https:\/\/nftevening.com\/luxury-fashion-brands-nft\/\" target=\"_blank\" rel=\"noopener\"> physical luxury goods alongside digital assets<\/a> provides a unique blend of traditional and modern finance. So, if you have a luxury watch gathering dust, give Arcade.xyz a try.\u00a0<\/span><\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/luxury-meets-defi-arcade-xyz-introduces-nft-collateralized-watch-loans\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arcade.xyz transforms NFT lending by introducing the concept of luxury watch loans. Now, borrowers have the power to use their watches as collateral. Read on to find out how you can gain NFTs through your luxury watch! TL;DR Arcade.xyz introduces luxury watch loans, allowing borrowers to access funds based on the value of their watches. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/07\/arcade.jpeg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9476"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9476"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9477"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}