Unlockd’s pooled liquidity model allows NFT holders to borrow against their NFTs while still being able to use them.
The eight-strong team at Unlockd already has a beta version on a testnet and its protocol is undergoing auditing. It will launch the UI for the testnet in September and launch on the mainnet in October.
Schnura told The Block that Unlockd will initially focus on supporting gaming guilds, several of which are already investors in the project, because he sees Unlockd as a way for them to use their NFTs for liquidity while continuing to generate revenue with them through things like gaming.
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