The Web3 concept related to blockchain technology was proposed by Ethereum co-founder Gavin Wood in 2014, and it has attracted the attention of cryptocurrency enthusiasts, large technology companies and VCs in 2021. So what is the difference between Web2 and Web3?

In 2021, many chains have ushered in their own outbreaks and formed their own ecosystems with various innovative projects. According to the development of blockchain, it is difficult for us to assume that the future is an ecosystem of a single chain. People are more willing to accept a multi-chain world, so the interaction between chains has become particularly important, and a large number of excellent projects have been born in this field.

The cryptocurrency market is a relatively free market compared to stock market, Defi provides liquidity for cryptocurrencies, and mainstream NFTs rely on platforms such as Opensea, MagicEden, etc. to achieve a certain degree of liquidity. But there are many things that are poorly or not liquid in the crypto world, such as LP tokens and long-tail assets. How to make these assets liquid or increase their capital efficiency is a big problem, and Pawnfi has come up with its own solution to this dilemma.

In the blockchain industry, NFT occupy a market with a valuation of close to $50 billion, it has been an essential component in the crypto world, and the market still has huge upside. The liquidity of NFTs is affected by the overall state of the market, as well as the popularity and utility of the project, etc. However, sometimes NFT cannot increase capital efficiency or achieve fully liquidity like many cryptocurrencies. And NFT collateral lending projects emerge as the time requires. The current NFT collateral lending project can be roughly divided into four types, lending pool model, Peer-to-Peer model, hybrid model, and other models. The project to be introduced today, Banksea Finance, belongs to the lending pool model, the type placed great expectation in the market.

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