Arcade is a decentralized lending platform leading the financialization of NFTs.
Arcade is built on the Pawn Protocol, an infrastructure layer for NFT liquidity that enables the financialization of non-fungible assets, commonly referred to as non-fungible tokens, or NFTs.
Arcade was founded in 2021 by Gabe Frank and Robert Masiello. The company is headquartered in Brooklyn, NY.
Arcade independently appraises, validates, and curates NFT collections for institutions, DAOs, and high-net-worth collectors.
Arcade brings expansive utility to the DeFi lending space and is fully compatible with all ERC20 tokens, including wETH, USDC, and DAI. Arcade also features proprietary Wrapped NFT (wNFT) technology which allows multiple NFT assets to be bundled and utilized to acquire a single loan.
Arcade facilitated the largest and first, permissionless, on-chain loan of $800,000 against an NFT portfolio from a $10B+ lender. This milestone joins $3.3M in total loan volume that has been secured during Arcade’s private release, with the total value of assets that have been loaned on Arcade equaling $10M.
Arcade is backed by Pantera Capital, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital, and others. The company raised $15M in Series A rond on Dec 22, 2021. This brings Arcade's total funding to $17.75M to date.