POPA ReconNFTfi Closes After Raising $11.9M in Private Funding
NFTfi Closes After Raising $11.9M in Private Funding NFTfi, the pioneer of peer-to-peer NFT lending, is winding down after the NFT market shrank to where fees no longer cover the cost of running the protocol. Since 2020 it facilitated $737M across 82,000 loans for 6,200 wallets, paying lenders nearly $17M in interest — and its contracts never lost a single NFT. New loans are halted and the platform retires on August 31, but the smart contracts stay onchain, so borrowers can still repay and reclaim collateral directly. 👉 nftfi.com/blog/sunsetting-nftfi
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