For those who desperately yearn to own a certificate of authenticity for a URL pointing to an ugly ape illustration or another popular non-fungible token, there’s a buy now, pay later (BNPL) service they can use to finance their purchases. The offering from Teller works with some of the more notable NFT collections, such as Bored Ape Yacht Club, Mutant Ape Yacht Club and Adidas Originals: Into the Metaverse. It runs on the Polygon blockchain and has a fittingly terrible name: Ape Now, Pay Later.
“Buying NFTs is one of the core things Web3 consumers want to do right now,” Teller founder and CEO Ryan Berkun told Decrypt. “Buy now, pay later is a no-brainer.” No wisecrack is necessary at this juncture.
Like other BNPL services, Tether requires a down payment. When someone sees a compatible NFT they want on the OpenSea marketplace, they can use Teller's service to signal their intention to buy it. That person will need to fork over between 25 and 50 percent of the NFT's price at the outset. Teller's platform will then try to match them with a lender, who is another user.
If the lender accepts the proposal, they'll transfer the remaining cryptocurrency needed to buy the NFT from OpenSea. The NFT will then be held in an escrow wallet. If the buyer pays off what they borrowed on time, they'll receive the NFT. Otherwise, the lender can claim the NFT and sell it if they wish. Lenders can also set interest rates for the repayments.
Considering the volatility of the cryptocurrency market and the state of the global economy, buying an NFT through a BNPL service seems like a bad idea. Sure, cryptocurrency prices have cratered in recent months (which played a role in victims of the Axie Infinity hack losing significant sums), but there's a chance they could jump back up again. Suddenly, those BNPL payments could get a lot more expensive. Buyers only have 90 days to make the repayments too.
The NFT market has bottomed out too. Bloomberg notes that the base price for a Bored Ape Yacht Club NFT was around 90 Ethereum (around $110,000 at the time of writing). That's down around 40 percent since May.
Australia v England kicks off at 10:55am, live on Sky Sports Australia 2005, England 2022 and the history lesson that should chill the RFU Austin Healey: Second Test will be a defining moment in the Jones era
First Irish win on New Zealand soil All Black prop Angus Ta'avao sent off for dangerous tackle Series now 1-1 ahead of decider next week Officiating blunder allows All Blacks to play with extra man in Ireland loss
Sign up to be a Nordstrom credit card holder and you can score deals before they open to the public —save up to 70%.
*Adds to cart*
In fact, as finance expert Dave Ramsey explains, around $68 trillion of assets are expected to pass onto the next generation within the coming 25 years. To help ensure that doesn't happen if you inherit something, the Ramsey Solutions blog offers some helpful advice on how best to use inherited funds. "When a loved one dies, you’re not thinking clearly enough to make major financial decisions," the Ramsey Solutions blog reads.
Shiba Inu declined 70% in the first half of the year. Investors also worried about Shiba Inu's ability to stand out from other rivals — and justify big gains. Now, with six months left in the year, could Shiba Inu bounce back?
Rep. Russ Fulcher had better hope there’s still time to redeem himself, argues Marty Trillhaase of the Lewiston Tribune. Because supporting Trump’s attempted insurrection is unforgivable. | Opinion
Regulation can make or break an industry. Too much can be stifling and too little can fail to protect investors. Where do cryptocurrency investors stand?
A treaty in 1922 scrapped plans for another ship that was to have been called the “City of Fort Worth.”
You can avoid common running overuse injuries, including plantar fasciitis, Achilles tendinitis and shin splints, if you spend time stretching and strengthening the muscles in your ankles and feet, she says. “If you don’t have healthy foot and ankle mechanics, you feel it up the body chain,” says Dr. Trotter, who practices in Little Silver, N.J. “It can affect balance and lead to knee, back and hip pain.” Dr. Trotter sees an uptick of patients each summer as many switch to flip-flops.
Replacement Baptiste Couilloud's try in the 71st minute snatched France a 20-15 win over Japan in the second rugby test and a 2-0 series win at the National Stadium on Saturday. Japan led until that point with two tries to fullback Ryohei Yamanaka but France rallied to take the match with 13 unanswered points in the second half. The result stretched France’s record winning streak to 10 matches, including a Six Nations Grand Slam.
Protesters demanding the resignation of Sri Lankan President Gotabaya Rajapaksa stormed his official residence as public anger mounts over his government’s handling of a deepening economic crisis.
Analysis: The messy battle to replace Boris Johnson Steve Baker: Rishi's vision for Britain 'quite harmful' Braverman and Badenoch set out their stall Why we will have a new PM by September 5 Sajid Javid pushed for Christmas lockdown
Detroit Pistons game score, time, TV channel info, live updates and analysis as they play Washington Wizards in NBA Summer League in Las Vegas
'He wanted Japan to be respected on the global stage in the way that he felt was deserved'
Ireland's tour of New Zealand will go down to the decider after their historic victory over the All Blacks in the second Test.
TV channel, radio, time info, live updates and analysis for the Detroit Tigers game vs. the Chicago White Sox on July 9, 2022
Jul. 9—Two groups with opposing views of the U.S. Supreme Court's decision last month to overturn Roe v. Wade, which ended constitutional protections for abortion, gathered in downtown Aiken on July 8. More than 80 people showed up for the Aiken for Choice March and Rally, which the Aiken County Democratic Party sponsored and teamed up with Reproductive Rights of Aiken to organize. The …
A significant cost-of-living adjustment is likely on the way. But it probably won't be almost 11%.
Jason Kandeke and his sister Esther got out of the van and rushed into the arms of their weeping uncle and grandmother – the children's first contact with their family since Congolese fighters killed their parents six years ago. Militias raided their village of Mingele in southeastern Democratic Republic of Congo – a region where militia groups have clashed for years, fighting over land and resources. A friend passed their details onto the Red Cross, who managed to locate their uncle, Jean Ilunga Kandeke, hundreds of kilometres away in the town of Manono.


Write A Comment