What is XCarnival (XCV)

XCarnival, or XCV, is a one-stop shop for NFTFI liquidity metaverse. They have here to merge the NFT marketplace with the metaverse. Consider them similar to a financial business, but for NFT. The MEXC Digital asset introduction page contains basic information on the XCV token.

How Does It Function?

XCarnival is here to build a financial infrastructure for the metaverse. They will concentrate on offering liquidity alternatives for all of your metaverse assets. They also intend to establish an industry ecosystem for NFT and Metaverse. To that end, they provide mortgage and lending services for NFT assets. These financial services are offered in P2P and Pool2C modes. They also offer evaluation, lease, and sales services for your metaverse long-tail assets. XBroker and XPawn are their featured products.

XBroker is an EVM-based public chain smart contract. It is a platform for NFT pledges and loans. It contributes liquidity to the NFT market. Users in XBroker can play three separate roles: mortgagor, lender, and liquidator. It operates in a fairly basic manner. To begin, the mortgagor must submit an NFT in order to pledge and borrow money. The lender will then earn interest on the loan by lending USDxc. The liquidator will then participate in the auction to collect NFTs.