we're pivoting now to NFT Mortgages which in essence it is Buy Now Pay Later (BNPL) for NFTs. Could draw a parallel to Klarna,.
05 Jul 2022, 21:55
we’re pivoting now to NFT Mortgages which in essence it is Buy Now Pay Later (BNPL) for NFTs.
Could draw a parallel to Klarna,
BNPL increases purchase amounts by 45%, conversion rates around 20%.
Also obtaining loan through BNPL is easier because user is not risking his own NFT, it would be done on marketplace’s checkout page.
It simplifies marketing as well since borrowers would be obtained directly from marketplaces.
Ultimate goal is to finance 5% of NFT marketplaces volume.
Next week we’re starting closed beta for mortgages on our website, after mortgage audit we will work with marketplaces to have Drops financing on checkout pages.