You should understand the background story of Xcarnival token price

XCarnival is a new type of mortgage lending platform for Metaverse assets. It provides mortgage lending services including various NFT assets and long-tail assets, and provides effective value release for encrypted assets. It is one of the infrastructure of Metaverse. Xcarnival toekn price is also catching people’s attention.

XCarnival supports multi-chain (BSC, Polygon, Solana) meta-universal assets. The core component XBroker’s first limited-time auction clearing mechanism solves the bottleneck of "difficult pricing, difficult liquidation, and difficult operation" in NFT mortgage lending. The core component Megabox focuses on the next mainstream generation. Currency mortgage lending, original pool-division mortgage rate setting model and risk control system, effectively provide liquidity release for long-tail assets and expand income exposure.

On September 3, 2021, the NFT project "Loot: for adventures" took 5 days to attract US$46 million in sales and a total market value of more than US$180 million;

NFT game Axie Infinity's third-quarter revenue exceeded 780 million US dollars, an increase of 4800% from the previous quarter. Its daily active players also increased from 38,000 in April this year to more than 2 million;

At the same time, NonFungible data shows that as of October 8, the turnover of NFT in the past January reached 1.75 billion U.S. dollars, and the total number of NFT transactions reached 794,524 times. Behind the ever-expanding growth data is the increasingly prominent rigid demand for NFT and other meta universe assets as collateral.

Most directly, in the current market, there are almost no lending platforms like AAVE and Compound to provide professional lending services for NFT mainstream assets or other Meta universe assets. This means that most of the Meta universe assets are from the date of birth. It is in a state of deep sleep, which is also a waste of assets with almost zero liquidity for the holders.

Based on DeFi's borderless, permissionless, and combinable characteristics, theoretically, the current near-sleeping meta universe assets can be endowed with extremely high liquidity, which is an almost infinite imagination space. In addition, the implementation of smart contracts and the adoption of a fully decentralized model also avoid the systemic risks that may be caused by some potential centralization factors in the traditional financial market, which has also become the key liquidity potential release of Meta Universe assets.

In fact, XCarnival token price does not require users to understand what a synthetic asset is. You just need to know that there are many interesting markets to invest in. It's a bit like playing games on Xbox. Players don't need to know the principles of game making, they just need to find games that they find interesting, and then they can play directly. In this way, you can also get the Xcarnival airdrop.

Specifically, XCanival supports users to mortgage their original meta universe assets such as NFTs in the corresponding functional modules, so that the user gets a loan as the mortgager, and the lender releases the loan. When the repayment date is reached, the mortgager pays off. After the loan and interest, you can get back the corresponding Yuan universe assets that are mortgaged.

DeFi itself is a strong financial attribute, and what XCarinval is doing now is to "give metauniverse assets with liquidity". In essence, it is to open up DeFi and metauniverse assets. One side gives the game, the other side gives the assets, and the metaverse assets are unlocked through DeFi. The financing method completely opened the door for it to enter the DeFi world. Xcarnival token price might confused you, but at least you should try it.

In theory, this not only introduces more diversified and larger asset classes from the metaverse to meet the development needs of DeFi, but also revitalizes the original "sleeping assets" in the metaverse world, giving metaverse assets a brand new The application is possible.