Michael Levy: How to Turn Your NFT Into a Loan

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Michael Levy: How to Turn Your NFT Into a Loan
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.mbl267_NFT went from collecting bobbleheads to NFTs. Now he runs flowty_io where the possibilities go beyond just trading — he uses them for loans. RoadtoConsensus for consensus2022:

“I looked at this as someone who collected sports cards growing up,” he said. “In many ways, this is just sports cards 2.0. They’re much more shareable, and they’re essentially borderless.”

But crypto also makes it possible to do crazy new things with those collectibles, such as easily using them as collateral for loans. Levy’s new Flowty platform is meant to make that easy, and its peer-to-peer nature partly addresses the major challenge of how to value these volatile digital assets as collateral. The answer is simple: Flowty lets users decide.

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