UnUniFi Partners with Polygon to Grow Defi Expansion

UnUniFi, a VC-backed NFT-Fi platform with DeFi tools, has announced a direct collaboration with Polygon. It is considered one of the largest blockchains in the world, to natively bring its NFT-Fi tools and services to the rapidly growing NFT ecosystem on Polygon.

UnUniFi is in the process of forming a partnership with the DeFi and NFT teams of Polygon. It will allow support for their NFT-Fi Platform without the requirement that NFTs or assets be bridged off of Polygon. UnUniFi’s cross-chain support for NFT-Fi will become more robust thanks to this integration. It will work with any blockchain that supports NFTs.

UnUniFi and Polygon Partner to Provide Bridgeless Integration for NFT-Fi Platform

At first, the integration will focus on enabling bridge support through third-party tools like Axelar. The ultimate goal, however, is to provide bridgeless integration using unreleased but foreseeable future solutions like zkIBC. Once activated, Polygon NFT holders will be able to use UnUniFi’s NFT-backed lending app to quickly and easily secure loans against the value of their NFTs. UnUniFi’s proprietary algorithm and bidding system manage the process. Automatic yield aggregation via their Inter-chain Yield Aggregator and other DeFi features built on the UnUniFi Platform will also be supported in the future.

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This relationship takes place during a time when the NFT platform on Polygon is continuing to flourish and expand. Notable collections such as Yoots and DeGods have just bridged across from Solana onto Polygon. The NFT ecosystem on Polygon will surely benefit from UnUniFi’s partnership with the platform.

UnUniFi and Polygon Collaboration Brings Innovative DeFi Options to a Larger Audience

The fact that UnUniFi is going to work with Polygon is great news for the DeFi industry. UnUniFi is now able to reach a bigger audience and provide more individuals with access to their innovative DeFi options as a result of the addition of Polygon’s NFT ecosystem to the NFT-Fi services and tools that they already offer. Customers of Polygon will have access to the NFT-backed lending app as well as other DeFi functionalities after the company’s platform has been integrated with UnUniFi.

UnUniFi and Polygon working together is a huge deal for the development of DeFi and NFT. By incorporating UnUniFi’s NFT-Fi services and goods into Polygon’s ecosystem, both platforms can provide a broader range of options. It helps the DeFi and NFT in turn industry as a whole thrive.