How To: Use Nabu and Upshot Valuations to Collateralize Your NFTs on Liqd
Mar 28, 2023
This article is for general information purposes only and isn’t intended to be financial advice.
Subscribe to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
In the fast-paced world of NFTs, traditional valuation methods may not always provide an accurate reflection of the true value of a digital asset. That's why Liqd partnered with Nabu to provide accurate and up-to-date valuations for NFT assets. In this article, we'll explore how to use these valuations to collateralize your NFTs at the right value on Liqd.
Nabu Evaluating NFTs
Liqd believes in providing the best possible experience for our users. That's why we use external platforms like Nabu to help value NFTs accurately. These platforms use a variety of data points, such as previous sales of similar NFTs and market trends, to determine the current market value of an NFT.
By integrating with Nabu, Liqd is able to provide more accurate and up-to-date valuations for NFT assets, which is important for determining the amount of capital that a borrower can access through the platform. This also helps to mitigate the risk for lenders, who can have greater confidence in the value of the NFT asset that they are lending against.
How to View Nabu Valuations on Liqd
To use Nabu valuations to collateralize your NFTs at the right value, follow these steps:
1. Connect your wallet
Make sure you are connected to the wallet that holds the NFT you want to find the valuation for.
Paste the link into the address bar of your browser and add the contract address of the NFT you want to use as collateral.
4. Hit enter
Once you have added the contract address, hit enter.
5. View the NFT valuation
The page that loads will display the valuation of your NFT based on the Nabu valuations.
By following these simple steps, you can easily find the valuation of your specific NFT on Liqd.
With the help of Nabu and Upshot valuations, you can accurately determine the value of your NFT and unlock liquidity without selling it. Therefore your loan values and associated demand of the NFT is directly correlated to its valuation. This allows Liqd to be flexible to allow borrowers to set the loan values as they see fit.