{"id":285914,"date":"2021-03-26T08:11:47","date_gmt":"2021-03-26T12:11:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=285914"},"modified":"2021-03-26T08:11:47","modified_gmt":"2021-03-26T12:11:47","slug":"new-nft-flash-loan-feature-revealed-by-verynifty-trading-protocol","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/new-nft-flash-loan-feature-revealed-by-verynifty-trading-protocol","title":{"rendered":"New NFT Flash Loan Feature Revealed By VeryNifty Trading Protocol"},"content":{"rendered":"
VeryNifty, a decentralized NFT trading protocol, made an announcement on the 26th of March, 2021. This announcement pertained to a new feature that it will add to its NFT20 trading platform: Flash loans.<\/p>\n
With this new feature in mind, a definitive distinction must be made between VeryNifty and Nifty\u2019s. While both chose similar names, the former has nothing to do with the social NFT platform that is the latter.<\/p>\n
In VeryNifty\u2019s announcement, it gave a public acknowledgment of the NFT space and its rapid growth and increase in utility. As such, VeryNifty highlighted that the use cases for programmatically buying and selling various NFTs have only increased, with the ability to take out flash loans now being connected to 18,000 new NFTs within the VeryNifty platform.<\/p>\n
\n\u26a1\ufe0f FLASH LOANS + NFTS \u26a1\ufe0f
DeFi meets NFTs! You can now execute flash loans on any NFTs stacked in our pools 20k from 84 collections.
We can't wait to see what buidlers do with this and setup a quick example involving @TheHashmasks<\/a>…https:\/\/t.co\/qgbVk3abBT<\/a><\/p>\n— Muse DAO (@NiftyMuseum) March 25, 2021<\/a><\/p><\/blockquote>\n