NFT secured lending protocol NFTFi launches foundation.

The NFT secured lending protocol NFTfi has announced that it has established a foundation to manage the protocol and develop its infrastructure through Official X. The foundation will be responsible for managing the protocol and developing the infrastructure. The Foundation will work on various initiatives and incentive projects to promote the use of the NFTfi protocol and the NFTfi technology stack. It will also establish an NFTFi Council later this year, which will establish a DAO for the decentralized community to manage the development of the NFTFi protocol. NFTFi recently raised $6 million in funding led by Placeholder VC.