42 - Using NFTs as Collateral with Stephen Young from NFTfi

In this episode of The Unstoppable Podcast, we’re talking to Stephen Young, the founder and CEO at NFTfi, a peer-to-peer marketplace for collateralized NFT loans.Stephen talks about how he got into crypto, and how he initially used the technology as a way of getting around international currency fluctuations and exchange rates. He shares how he would explain decentralized finance to beginners, and how he came up with the idea of combining NFTs and DeFi.We talk about how NFTfi works and how users can get a loan or loan an NFT of their own. Stephen also explains how people have been using the platform so far and answers some questions from Twitter, like one, for example, asking if NFT shards will be lendable.Stephen tells us who is using the platform right now, and shares his thoughts on what the future holds for the platform and NFTs in general.--You can follow Matthew on Twitter and LinkedIn, Diana on Twitter and LinkedIn, and learn more about Unstoppable Domains and our work here.You can follow our guest, Stephen Young, on Twitter and learn more about NFTfi here.—Don’t forget to rate, download, and subscribe to the podcast so you won't miss an episode and we can keep producing awesome content for you. Check out https://unstoppabledomains.com