Home Headline News Standardized Market Valuations and Loans for NFTs

Standardized Market Valuations and Loans for NFTs

by Crypto King

The decentralized finance company aims to become the leading valuator of non-fungible tokens (NFTs) by bringing multiple data pools together to give accurate NFT pricing, as well as offer financial services based on investor NFT holdings as collateral.

According to Cointelegraph, NFTs are projected to have a trading volume of over $6 billion USD in January 2022, nearly double the previous all-time high of $3.5 billion USD in August 2021. But despite the success and high trading volume of NFTs, it’s a sector of the crypto economy that is lacking in standardized data research, asset valuations, and financial services.

Shawn Owens, Co-founder of Scratch provides further details on the goals of Scratch Platform:

“What it comes down to is trust. There is very little of it in NFTs right now, even with the massive trading volume they’re presently enjoying and — we anticipate — will enjoy well into the future. There needs to be a platform that engenders that trust with solid data and standardization of NFT valuation. Confidence is then necessary in that valuation, and we provide that with secured loans, giving investors increased liquidity to capitalize on other short-term crypto opportunities. In short, we’re putting our money where our mouth is, resolving issues no one else is.

But some of these problems we recognize we can’t — and won’t — solve on our own. Scratch Platform’s APIs will also enable our partners and partnerships to help make the NFT marketplace a secure, stable, and scalable ecosystem.”

The present roadmap has multiple development phases, each phase increasing the scale of the platform as well as introducing new features, and each culminating in a security audit to ensure stability before moving to the next phase. Further phases include the listing of Scratch Token on major exchanges, the BETA1 and BETA2 releases of Scratch Engine, the launch of Scratch Loans, and the final security audit before launching of the technology and Scratch APIs to the public.

Scratch Platform features:

Scratch Value: A programmatic valuation solution for NFTs and digital assets using multiple market tools and the latest market data sets. This allows investors to receive real-time values on their NFTs and other digital assets.

Scratch Loan: A first for NFTs, take out a loan of a percentage of the estimated NFT value on assets. Once assumed, the asset is stored in the Scratch Vault. Loan factors include: loan amount, length of loan term, NFT desirability and value, etc.

Scratch Vault: The repository for all NFTs and digital assets loaned against. Scratch Vault assets are secured and insured to prevent loss of value. Transfer and cash-out options for investor assets will also be available.

Scratch Gallery: A future marketplace that investors can shop our collection of NFTs and other digital assets. The Scratch Gallery collection is obtained from assumed loans and direct purchases from the Scratch Engine, and potentially assets from Scratch Partners.

Upon launch, the Scratch Token will be an ETH-based ERC 20 token, and other blockchain development is in process. This token will allow holders to stake tokens to receive reflections as we loan, sell, and buy NFTs directly and via partnerships. The token pre-sale launched on January 15th, and is only available at scratchengine.com. Per the roadmap, the public launch is scheduled for Q1 2022.

To learn more about the Scratch Platform and the Scratch Token pre-sale, or to schedule an interview with the Scratch team, please call Brian Markowski at +1 603 306 3645 or e-mail [email protected].

About Scratch

With over a decade of experience in the digital asset space combined, Scratch is a company with the experience needed to bring the tools, standards, and strategic partnerships required to create trust and financial services to NFTs, metaverse, and blockchain economies. “Security, Stability and Scalability” is the mantra of the Scratch team, underlying all of its projects. To learn more about Scratch and the Scratch Engine platform, please visit scratchengine.com.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.