DEFI MEETS GEEZ-FI : Paddle Finance Is Bringing “NFT REITs” To GeezOnApe And ApeChain Soon!

Let’s give them something to Geez about! Paddle Finance is teaming up with GeezOnApe to bring “NFT REITs” to ApeChain!

NFTFi is making its way to the ApeChain ecosystem soon after decentralized liquidity and marketplace platform Paddle Finance announced that it’s ape-ing in and hoping to change the way everyone trades NFTs on $Ape!

 

“It’s finally revealable: we’re teaming up with @GeezOnApeto launch NFT REITs on Apechain,” Paddle finance announced on June 23rd. “Just like REITs made real estate liquid and accessible — we’re doing the same for NFTs. Unlock liquidity ,Lower the entry barrier , Supercharge DeFi & NFTFi use cases On @ApeChainHUB, NFTs are evolving — from static JPEGs into dynamic, tradable, yield-bearing assets that welcome new users and fuel the next era of on-chain finance. Brought to you by Geez On Ape and Paddle Finance.”

 

Following the announcement, Paddle Finance’s Chief Building Officer Dev Dirk took to the timeline and said these NFT REITs will make the Geez market more efficient, give current holders new options beyond selling their assets, and allow future holders the chance to purchase a portion of a Geez!

“Ppl might be curious what NFT REITs could bring for @GeezOnApe TLDR 1. Buy and sell immediately at floor 2. Borrow immediately at floor 3. Narrow bid/ask spread on OS& ME for a healthier market Geez REITs is not just for existing holders, but even for the future Geez On Ape . Finalizing docs and coming up with a simple term X thread soon Will share on official account  @PaddleFi.”

 

 

While it’s still unclear when Paddle Finance’s GeezOnApe NFT REITs will open for business, the Geez are clearly excited to see their assets in action!

 “On ApeChain,  @GeezOnApe NFTs are evolving into yield-bearing assets tradable, dynamic, and ready for on-chain finance,” the project tweeted. “Let’s Geez about it.”

 

 

The Bored Ape Gazette will continue to follow Paddle Finance and let you know when more information about their work with the Geez is announced. Stay tuned for updates!