NFTfi

Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.

1. 2020

   Founded

   Ventureburn reported it began as a group lending to each other against their NFTs, before becoming a marketplace incorporated in the British Virgin Islands.

2. May 2020

   The first NFT-backed loan is reported

   NFT Plazas dates NFTfi’s first NFT-collateralized loan to May 2020. Borrowers pledged a tokenized asset as collateral, while lenders supplied cryptocurrency; this is not a conventional property loan.

3. 16 November 2021

   The team announces institutional backing

   The team’s original announcement is preserved below; round terms and investors are recorded in the funding table.

   We are excited to announce a $5 million Series A round raise. (1/10 )

4. June 2026

   Wind-down announced; new loans stopped

5. 31 July 2026

   Last day to refinance a loan

   A friendly reminder on NFTfi sunset deadlines. → July 31 is the last day to refinance/roll a loan (for 30 days max), and also the last day to renegotiate/reactivate a defaulted loan → August 31 is the last day to repay through the app before the front-end retires

6. 31 August 2026

   Platform closed and app taken offline

   Last call on the NFTfi sunset. → Monday, August 31 is the final day to repay/foreclose a loan through the app before the front-end retires. After that, nothing is lost: the contracts stay live on-chain, so loans can still be repaid and collateral claimed directly.

Market collapse

In June 2026 NFTfi stopped originating new loans and said it would close over the following months, citing a shrinking NFT market that left potential revenue short of operating costs. Existing loans could be rolled over for up to 30 days at a time until 31 July, and repaid through the app until 31 August 2026, when the app went offline. The lending contracts were paused for new loans but left on-chain so borrowers could still repay and lenders still foreclose directly.

1. Oct 2026

   The funding figure now identifies a reported aggregate.

   The earlier figure represented only the recorded 2021 round. NFT Plazas reports a larger lifetime total, with unclear round chronology; the figure is labelled Estimated and the recorded round is retained.

12 sources behind this page.

1. 1NFTfi Shuts Down After $737M in Loans as NFT Market Contraction Makes Operations Unsustainable · BlockchainReporter
2. 2NFTfi Shuts Down After $737M in Loans as NFT Market Contraction Makes Operations Unsustainable · KuCoin (exchange news feed, syndicating BlockchainReporter)
3. 3NFTfi reports total funding of $15 million · NFT Plazas · Aug 2025
4. 4nftfi-wind-down · NFTfi (company GitHub organisation, retrieved after the shutdown)
5. 5NFTfi, the NFT-backed lending platform, will shut down its front-end website on August 31. · PANews · Jun 2026
6. 6Recent X posts by @NFTfi (user id 1227725542516023296) · twitterapi.io (X data provider)
7. 7X post by @NFTfi announcing the Series A, 16 November 2021 · twitterapi.io (X data provider) · Nov 2021
8. 81kx leads $5m funding round for NFTfi expansion · Ventureburn
9. 9The NFT collateral lending platform NFTfi will cease operations on August 31 · WEEX (exchange news feed)
10. 10@stephen_yo profile · X, retrieved via twitterapi.io

Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.