Astaria raises $8M for NFT-backed loans amid crypto crash.

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    Astaria, a decentralized finance initiative co-founded by ConsenSys and SushiSwap alum Joseph DeLong, has secured $8 million in a round led by True Ventures, Arrington Capital, Wintermute, and a number of additional investors.

    Holders of valuable non-fungible tokens will be able to lock them up as collateral and borrow crypto against those NFTs in order to acquire other NFTs as well as trade and participate in decentralized finance on the platform (DeFi). Borrowers benefit from fast liquidity and more predictable liquidations.

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