Case Studies
October 18, 2022
At NFTPort, we’re all about empowering developers in our community to succeed in building the next generation of NFT products. Today we’re excited to share the story of Liqd NFT – an NFT marketplace built to enable the lending and borrowing of blue-chip NFTs.
We sat down with Dusky, Chief Marketing Officer at Liqd NFT, to hear how Liqd was born and how it is going to unlock liquidity for NFT holders.
What’s Liqd NFT and who’s the team behind it?
Liqd NFT is an NFT marketplace built by the team behind Balance Capital. We’re a team of financial engineers and developers with top-level mastery within the fields of risk management and software engineering. We’re building Defi products that bring more value to the Web3 space, the latest addition being Liqd NFT.
Liqd NFT was born from the idea to add instant liquidity for NFT holders. We saw the issues with determining the value of an NFT combined with the lack of getting any liquidity from NFTs without selling them. The solution was to build a platform that enables blue-chip NFT holders to borrow against the value of their asset(s).
In turn, the Liqd platform then unlocks a peer-to-peer lending opportunity for crypto-holders to lend capital for a set interest rate, backed by the value of the underlying NFT asset. The borrowers can get funds without selling whereas the lenders can earn juicy yields on their idle assets.
How is Liqd NFT built with NFTPort?
We need super reliable NFT data to run our platform. Data reliability really is key to our success, so we wanted to go with someone that is specialised in data APIs and that’s how we found NFTPort. We tried some other free providers before but struggled with the quality of the data and communication from these providers. You get what you pay for.
NFT data reliability really is key to our success.
– Dusky
We are using NFTPort to query all NFT details from the chain - for ERC721s, and ERC1155s, as well as non-standard contracts like CryptoPunks. We’re pulling collection and wallet data to see what tokens a given wallet address holds, to get NFT metadata, etc. Some of the API endpoints we use are:
It took us about 1-2 weeks to set up the API integration with NFTPort and everything is working smoothly.
What’s next for Liqd?
We will be launching Liqd within the next month or two – keep an eye on Liqd NFT Twitter to be the first to know of the launch date.
Our vision is to be the one-stop shop for NFT liquidity and make it as easy as possible for our users to borrow and lend.
Liqd is an NFT marketplace built to enable the lending and borrowing of blue-chip NFTs. The platform enables individuals who hold blue-chip NFT assets to unlock liquidity by borrowing against the value of their asset(s). In turn, Liqd unlocks a peer-to-peer lending opportunity for crypto-holding individuals to lend capital for a set interest rate, backed by the value of the underlying NFT asset.
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