Magic Store’s Users Can Now Borrow NFTs, SQR Tokens

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Magic Store, a community-app store that allows users to access all their crypto apps in one login, recently integrated IQ Protocol into its ecosystem.

IQ Protocol is the first risk-free, collateral-less decentralized finance (DeFi) protocol that features standard DeFi services such as  staking  , lending, and borrowing.

With the integration, Magic Store explained, its users now borrow non-fungible tokens (NFTs) and other digital assets that they cannot afford.

“Users only have to pay a little percentage of the real price while enjoying the full benefits of using them,” it said.

The integration also means that Magic Store users can now borrow and stake SQR tokens, the store’s native token, without full payment.

Tom Tirman, IQLabs’ Chief Executive Officer, described the integration as “a revolutionary concept in the crypto space”.

“Imagine enjoying all the benefits of holding a particular token without actually spending the full price to buy the token,” he added.

Magic Store also explained that there is no risk associated with the IQ Protocol as users don’t have to provide securities to use the service.

Apart from making it possible for users to log into many crypto apps in one login, the software provider also rewards its users for their time.

Recent Developments in the NFT World

Meanwhile, Sandstorm, the world’s largest metaverse builder community, recently launched an NFT marketplace to bring top brands into the metaverse.

The Sandstorm community has widely supported an NFT marketplace that lives on both Polygon and Ethereum.

Earlier this month, Kraken, a major  cryptocurrency exchange  , opened the official waitlist for the Kraken NFT, its official NFT marketplace.

According to the company, users on the new platform will have zero gas fees on trades, as crypto traders will not pay any blockchain network fees for the trading activity that takes place within the platform.

Magic Store, a community-app store that allows users to access all their crypto apps in one login, recently integrated IQ Protocol into its ecosystem.

IQ Protocol is the first risk-free, collateral-less decentralized finance (DeFi) protocol that features standard DeFi services such as  staking  , lending, and borrowing.

With the integration, Magic Store explained, its users now borrow non-fungible tokens (NFTs) and other digital assets that they cannot afford.

“Users only have to pay a little percentage of the real price while enjoying the full benefits of using them,” it said.

The integration also means that Magic Store users can now borrow and stake SQR tokens, the store’s native token, without full payment.

Tom Tirman, IQLabs’ Chief Executive Officer, described the integration as “a revolutionary concept in the crypto space”.

“Imagine enjoying all the benefits of holding a particular token without actually spending the full price to buy the token,” he added.

Magic Store also explained that there is no risk associated with the IQ Protocol as users don’t have to provide securities to use the service.

Apart from making it possible for users to log into many crypto apps in one login, the software provider also rewards its users for their time.

Recent Developments in the NFT World

Meanwhile, Sandstorm, the world’s largest metaverse builder community, recently launched an NFT marketplace to bring top brands into the metaverse.

The Sandstorm community has widely supported an NFT marketplace that lives on both Polygon and Ethereum.

Earlier this month, Kraken, a major  cryptocurrency exchange  , opened the official waitlist for the Kraken NFT, its official NFT marketplace.

According to the company, users on the new platform will have zero gas fees on trades, as crypto traders will not pay any blockchain network fees for the trading activity that takes place within the platform.



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