MetaLend operates an NFT-backed lending protocol that lets traders use NFTs as collateral to borrow in ETH. After MetaLend appraises a digital asset, borrowers can access up to 30% of the NFT's value, while lenders supply liquidity to earn interest. APY is determined by pool utilization and is anticipated in the 5–10% range. The company’s initial focus is the GameFi sector, starting with Axie Infinity and partnerships with game guilds and scholar programs. MetaLend aims to expand to other games and NFT use cases so owners can generate yield while assets remain collateralized. It is currently in closed beta with a public launch planned for Q2.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022