This article is for general information purposes only and isn’t intended to be financial advice.
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In 2022, Balance announced a strategic partnership with Forward Protocol which expands the footprint of USDB stablecoin in industries beyond finance, i.e., decentralized education, decentralized e-commerce, and more through their cross-chain compatible, industry-agnostic, and adoption-focused tools and services.
With the ultimate goal to fast-track the mass adoption of Blockchain Technology, we are extending this partnership to one of our niche products, Liqdnft. By collaborating with Forward Protocol, Liqdnft can shorten its release cycles and bring new features and services with impressive time-to-market values.
Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their dApps, subnets, and blockchains without technical knowledge. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track the mass adoption of Blockchain Technology.
Our collaboration with Forward Protocol will allow us to add more liquidity solutions for the Liqd platform through a user-friendly and responsive interface. Working together, we also aim to gain access to diverse and innovative decentralized finance services.
Mitch Rankin, Forward Protocol Co-Founder said:
“Liqd has been on our radar for a while and we’ve only heard good things about them. Our partnership comes at a crucial point where we are ready to progress toward our collective goals and help each other reach the next level. We look forward to contributing to a future where participants in the NFT marketplace no longer face the current problems limiting the full potential of the digital asset space.”
Why We Decide to Partner with Forward Protocol
Beyond all the hype, the NFT space is still developing and its potential is almost limitless. However, one of the biggest issues limiting participation within the space is liquidity. NFTs have more potential than just expensive artworks and our project is dedicated to exploring these possibilities. Moving forward, we are delighted to be moving forward on this journey with Forward Protocol.
The partnership between Forward Protocol and Liqd aims to lay the foundation for an NFT-based financial ecosystem where digital asset holders and other DeFi users can access loan services and other innovative financial solutions and also earn returns on their holdings.
Our relationship with Forward protocol will also put the Liqd platform right in front of its customers through feature listings. With this exposure, Balance and Liqd will draw more interest and attention, resulting in more USDB stablecoin adoption and stable earnings for our investors.
As Forward drives the adoption of Web 3.0 and Liqd gives easy access to liquidity - both platforms complement each other and make retail and institutional investors utilize and tap into Web 3.0 space. An ideal win-win scenario for Forward and Balance, and even better conditions for investors.
Our team is excited to work with Forward Protocol and add value to our customers. Stay tuned as we share more developments in this space soon.
Liqdnft.com is a decentralized peer-to-peer NFT lending platform that allows NFT holders to collateralize their blue chip NFTs and secure a loan, hassle-free. With Liqd, investors can unlock the actual value of their NFTs without selling them.
The Balance Organisation is a team of product strategists, business executives, financial engineers, and world-class developers from across the globe. We leverage our decentralized business experience to help build a more sustainable, inclusive crypto investment economy.