Kraken CEO Powell says it will allow NFTs as collateral for loans

Kraken CEO Jesse Powell says the company is developing a marketplace where people can use their NFTs as collateral to take out loans. [Coindesk] Kraken is a cryptocurrency exchange and bank, started in 2011. Things might get complicated in valuing an NFT. Would it be based on the last sale, even if it was a…

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NFTZ EFT opens for trading on NYSE, first NFT focused ETF

Defiance Digital Revolution launched an exchange traded fund (ETF) on the New York Stock Exchange that invests in companies working in NFTs and blockchain. The Defiance ETF trades as NFTZ. It opened at a high of $24 per share. The ETF’s top holdings include: Silvergate Cap Corp., Plby Group, Cloudflare, Northern Data, Marathon Digital Holdings, Bitfarms,…

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