Netvrk is excited to partner with MELD, the first decentralized, non-custodial protocol for borrowing & lending on Cardano. Netvrk is a metaverse built on the blockchain that allows users to monetize their creations via NFTs and Virtual Land. Together, they will bring DeFi borrowing and lending into the metaverse, giving users increased capabilities and benefits on their digital assets.
MELD is the first DeFi, non-custodial, banking protocol. It allows users to securely lend & borrow both crypto and fiat currencies with ease, and stake your MELD tokens for APY. Currently, MELD has almost $1 BILLION in ADA, pledged in it’s ISPO.
MELD will be collaborating with Netvrk to integrate into the metaverse, including platform integration to allow users to seamlessly use the MELD lending protocol directly inside the metaverse. The borrowing and lending protocol will also be utilized for Netvrk’s NFTs.
MELD will also have a virtual headquarters that users can interact with and socialize at. MELD will have a famous architect, design their virtual building in the Netvrk Metaverse.
MELD has purchased a large block of Virtual Land, in which it has paid using ADA (or MELD), making it one of the largest crypto landholders in Netvrk.
MELD also recently announced that together with partners Tingo and UtribeOne, they will create a Gold backed stable coin that’s backed by artisanal, sustainably, sourced Gold mining in Africa and South America, which will have some very interesting and unique staking opportunities.
MELD will be joining other Cardano ecosystem projects in the Netvrk Metaverse, which will feature multi-chain functionality and support for the Cardano blockchain.
Daniel Kennedy, CEO of Netvrk:
“We are big fans of what MELD is building. Their vision is truly groundbreaking, and they are setting the standard when it comes to non-custodial banking. They are true leaders in the DeFi space, and superstars in the Cardano ecosystem.”
MELD is the first decentralized, non-custodial protocol for borrowing & lending on Cardano.
The vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, strive to provide the users with the functions they need to manage their own financial lives.
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Netvrk is a metaverse, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.