Inside the Company Unlocking NFT Liquidity | Interview With Gabe Frank, CEO of Arcade

Share This Post

NFT Lately catches up with Gabe Frank, CEO of Arcade, to discuss liquid lending for NFTs

Arcade

Can you tell us about your background with Arcade?

My background is in pawn lending. After college, I helped my dad run our family business, making small-dollar loans against physical items like Rolex watches and diamonds. In 2016, someone bought our chain of pawn shops. Then, began working in crypto.

Following this, I began working for two Institutional custodians, BitGo and Curv, before being attracted to non-fungible tokens (NFTs) in the early 2020. I saw NFTs as an emerging asset class, so I connected it to my experience in pawning, chose a cofounder, and the rest is history.  

Please explain Arcade in three sentences:

Arcade.xyz is a Decentralized P2P marketplace for NFT collateralized loans. Liquidity providers access a new source fixed-term DeFi yield. NFT owners access liquidity borrowing against otherwise idle assets. 

Why are NFT marketplaces important?

If NFTs are a new asset class, a trusted venue or venues to transact are essential. 

How is your marketplace unique compared to others?

Arcade’s marketplace is primarily for loans backed by NFTs. Whereas NFT marketplaces, like Opensea, are venues to buy and sell NFTs. However, we are similar to Opensea because we consider our marketplace as Web3 infrastructure rather than a consumer application/marketplace. 

Who would get the most value from Arcade?

Lenders who want to diversify their portfolios by underwriting loans against NFT collections. NFT holders who wish to retain their assets while accessing liquidity.

What have been the biggest hurdles for growth so far?

We are very exposed to market volatility. Our space is very niche right now, so we need the market as a whole to expand. 

Can you tell us about Arcade’s future goals?

We see Arcade as a protocol that will last forever. The hope is, eventually, the marketplace becomes a self-sustaining protocol governed by a DAO. We will continue to build new on-chain features, and our goal is to be the dominant application in our category (NFT lending). 

Are NFTs here to stay?

NFTs are just getting started. There are so many use cases for the technology that we are just beginning to see explored in ID verification, official documentation, digital IP rights, branding, entertainment and more. As Web3 continues to grow and refine, NFTs will be crucial to a new internet. 

How can we keep in the loop with your company?

Follow us on Twitter, join our Discord, and explore the app at Arcade.xyz 

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews and more.

spot_img

Related Posts

World Cup Legend Sir Geoff Hurst Releases NFTs For Alzheimer’s Research

The debut NFT collection, 'The Everlasting Memory' by World...

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Companies

Stripe, a payment processing business, unveiled a "fiat-to-crypto on-ramp"...

Top NFT Analytics Tools to Use in 2023

Non-fungible tokens (NFTs) are gaining popularity as a way...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Did SBF Doom NFTs? FTX Aftermath – What’s Next

Many Web3 companies view the FTX aftermath as a...

Top NFT Podcasts for 2023 | Best Listens

For some, a good podcast can be highly entertaining...

Related Posts

Mattel Launches an NFT Marketplace With Hot Wheels Collection

Mattel announced a new NFT marketplace as it expanded...

Porsche Makes Its Web3 Debut With Its First NFT Collection

The luxury sports car manufacturer announced its official entry...

Yuga Labs’ Leaked Financials Show Insane Profits

Leaked data shows that Yuga Labs has sold more...

What You Need to Know About This NFT Market Crash

NFTs have already changed the world. Now it's time...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Binance Football Fever 2022 Offers Fans $1 Million in Rewards

Binance brings "Binance Football Fever 2022," a one-of-a-kind football...