TLDR
Non-fungible tokens, or NFTs, are non-interchangeable units of data stored on a blockchain. These tokens can be used to represent both intangible and real world assets, such as images, gaming skins, art, tickets etc. Users can use idle DeFi tokens to secure trustless loans and earn additional yield by leveraging their assets through the protocol. NFT loans enable holders to borrow money and set their own terms without the need for a middleman. Users can borrow up to 30% of the NFT collateral in a single transaction.via the TL;DR App
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Written by Cryptonite | Cryptocurrency & Tech Writer.
