Credit Metaverse Launches First Peer-to-Peer Loan Service Using NFTs As Collateral in the WAX Blockchain

Credit Metaverse announces the launch of the first peer-to-peer loan service on the WAX blockchain that allows asset holders to use NFTs as collateral and WAX token holders to offer loans to users who need more liquidity.

Dubai, United Arab Emirates, 20th Sep 2022, Play-to-earn enthusiasts rejoice! Credit Metaverse has already offered 1000 NFT collateral loans to WAX users in the last 3 months. Credit Metaverse constantly develops new financial services and makes a play to earn life even more valuable.

Credit Metaverse offers a unique financial service: a P2P loan marketplace where NFT asset holders can post their applications for all lenders. Potential lenders then have the opportunity to accept the terms or make counteroffers.

The P2P loan platform has been developed from the user’s point of view for the user’s needs. Designed by experienced crypto entrepreneurs who deeply understand the play-to-earn world.

“Credit Metaverse helps asset holders accelerate growth by unlocking value and liquidity via a fully structured and transparent mechanism,” says company founder Aleksi Vitakoski.

“Credit Metaverse solves the liquidity problem for NFT play-to-earn players and others whose WAX tokens are locked into investments in NFTs. They can select their NFT collateral and receive a loan offer in as little as a few minutes.,” says Co-founder & CEO Karlo Turk

Credit Metaverse also invites users to enjoy preferential loan terms, share in loan service profits and explore additional investment opportunities via its CMW token and Credit Metaverse NFT collection.

The CMW token offers a unique tokenomics model. The tokens can be used to buy Premium Credit Metaverse NFTs, staked for mining, held as an investment, or exchanged for WAX.

The Credit Metaverse NFT collection combines NFTs in an unprecedented way with real-world business, utilizing blockchain technology and smart contracts. Premium NFT owners receive a monthly share of loan revenue plus loan interest rate reductions of as much as 30 percent.

Credit Metaverse anticipates that NFT-collateralized loans services will be a highly active sector in the future. While the first phase of the project is exclusive to the WAX blockchain, the company foresees expansion to other blockchains over the coming quarters.

“The metaverse and especially the play-to-earn environment is constantly growing and passing new user base milestones; Credit Metaverse addresses this high demand by providing new financial services in this environment,” says Vitakoski.

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