Astaria raises $8M for NFT-backed loans

Astaria, a decentralized finance (DeFi) project co-founded by ConsenSys and SushiSwap alum Joseph DeLong, has raised $8 million in a round that included True Ventures, Arrington Capital, Wintermute and many others.

The platform will allow holders of valuable non-fungible tokens to lock them up as collateral and borrow crypto against them, so the holders can then buy other NFTs, plus trade and invest in decentralized finance. For borrowers, liquidity is instant and liquidations are more predictable.

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