Over the past two years, we have witnessed a new class of cryptocurrency startups focused on building financial primitives for the NFT marketplace. As we experienced during the DeFi summer, these projects can be grouped into the following taxonomies:
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Marketplace – a platform for users to trade NFT
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Fragmentation – a project that creates the possibility for fractional ownership of NFTs
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Lending – A platform where users can borrow fungible tokens by collateralizing their NFTs
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Index – an on-chain investment tool that allows users to own a fraction of an NFT portfolio
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Investing in DAOs – DAO-based investment collectives that deploy capital into markets defined by governance.
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Derivatives — financial contracts that derive value from the price of the underlying NFT
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Pricing – A project that evaluates the value of NFTs and provides pricing data on-chain
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Leasing — A market where users can temporarily borrow NFTs, usually for playing blockchain games.
