NFT marketplace UniFi has announced its partnership with Mercury (CoinTrade).
The latter is a provider of trading platform apps, digital asset exchanges, and FX staking. Following the break for holidays, UniFi provided a 2022 summary. One of the most important checkpoints of last year was its seed raise investment round. The company announced that it will continue to invest in development this year. Then, the NFT marketplace announced the partnership with validator and node operator Mercury to grow its ecosystem.
UniFi’s marketplace for non-fungible tokens and auto-decentralized finance yield management allows it to provide services for NFT lending. The company will seek to develop an algorithm for NFT valuation via a yield aggregator capable of functioning across different chains.
Mercury designs personalized platforms for student-athlete communities and universities. The platform grants fan access to team content, athlete conversations, and more virtual collectibles. Mercury leverages the fan-athlete relationship to accelerate the adoption of NFTs for college communities. Among Mercury investors, there are names such as North Island Ventures, Multicoin Capital, and Brevan Howard Digital. Mercury raised seed capital to grow its leader crew necessary to create new experiences for fans with more athletic programs.
Besides offering information on prices to outsite platforms and Cosmos IBC integration, UniFi wishes to become a DApps platform by having non-fungible token price information as its foundation.