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NBA Top Shot Whale Launches NFT Lending Platform With $4.5M in Funding
Flowty is a peer-to-peer NFT lending platform built on the Flow blockchain.
By Brandy Betz
Updated May 11, 2023, 4:01 p.m. Published Apr 22, 2022, 2:01 p.m.
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Flowty, a peer-to-peer non-fungible token (NFT) lending marketplace on the Flow blockchain, has raised $4.5 million in its first funding round, which was co-led by crypto investment firms Greenfield One and Lattice Capital.
The capital will be used for further platform development and building out the engineering and development team.
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“We as a company are a technology platform that facilitates transactions between borrowers and lenders,” said Flowty co-founder Michael Levy in an interview with CoinDesk.
“Because it’s peer-to-peer, and because of how we set up our platform, we can provide our services to people without them needing to go through strict regulatory concepts,” explained Levy, adding:
“So our platform can be used by anyone – people who are traditionally unbankable, people who are in regions where they don’t have a robust financial system.”
Borrowers create a listing on the Flowty marketplace for their NFT and include the desired loan amount, rate and duration. Lenders choose what assets are attractive to them and deploy the capital, earning yield during the loan period and receiving the asset if the borrower defaults.
Flowty takes a fee from each loan that’s funded and essentially holds onto the asset until the loan duration is complete.
Flowty loans can be denominated in Flow blockchain stablecoins FUSD and tUSDT. The platform recently added support for Flow’s native FLOW token and the USDC stablecoin.
Top Shot whale
Levy came to crypto after a passion for sports memorabilia led to him being one of the first large investors in NBA Top Shot from Dapper Labs, which is also the creator of the Flow blockchain. Dapper was a participant in the Flowty funding round alongside Stermion, Tiny VC, Luno Expeditions and Red Beard Ventures.
“The peer-to-peer loan marketplace is the first core feature we built, but we’re working on a number of others,” Levy said. “Our more macro company vision is to be a kind of forefront to the financialization of NFTs.”
Read more: Michael Levy: How to Turn Your NFT Into a Loan
Levy is speaking at CoinDesk’s Consensus festival in June. Register using code C22-rrekxZSy for 20% off General Admission and Pro passes.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
Ano ang dapat malaman:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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