In the previous decade, blockchain technology has revolutionized the way we look at internet data and security. Simply speaking, a blockchain is a network of information controlled by its users without a governing body, this is referred to as a decentralized platform. The first digital tool that burrowed its roots into the blockchain soil was cryptocurrency. Crypto coins were a new and secure way of completing online transactions between users on a network without the need of a bank.
In the last few years, a new application for blockchain technology has arrived and taken the world by storm. NFTs (non-fungible tokens) are unique and irreplaceable tokens of ownership of digital assets, such as online art, music, and game characters.
The concept of NFT is still in its infancy and internet companies all over the world are looking for new ways to implement NFTs on their platforms and provide them with more usage and value. This is where Bami enters the frame. Bami is a Singapore-based fintech company that is always looking to innovate and improve our online experience. Bami has heeded the call for more NFT utility and has started to develop its ambitious project: Bami Pawn Shop.
Bami is on the cusp of completing an online platform where participants are free to employ their NFT collection in a more fruitful way. The core feature will be the Bami Pawn Shop, a digital hub where members can pledge their NFTs as collateral to secure finances through flexible loan terms. Users will retain ownership of the pledged asset and the NFT will be returned once the loan has been repaid.
An additional ingredient that adds value to the NFTs on the platform is the P2P lending feature. NFT owners on Bami have the liberty to lend or borrow NFTs from each other, without the need of a mediating institution such as banks. This results in a more competitive and straightforward bartering environment without the need to pay 3rd party fees.
These are just a few examples on how owning an NFT on Bami is so much more than merely a bragging right, it becomes a valuable asset that owners can implement in a multitude of ways.
Interested in learning more about Bami and the Bami Pawn Shop?
You are most welcome to explore the links below:
- Twitter: https://twitter.com/BamiPawn
- Facebook: https://www.facebook.com/BamiPawn/
- Telegram Channel: https://t.me/BamiPawn
- Vietnamese Community: https://t.me/BamiPawn_vi
- Global Community: https://t.me/BamiPawn_en
