The NFT cross-chain lending protocol Singular has completed a $3 million seed round financing, led by IOBC Capital.

ChainCatcher news, the first NFT cross-chain lending protocol supporting the BTC ecosystem, Singular, has announced the completion of a $3 million seed round financing, led by IOBC Capital, with follow-on investments from BCH Foundation, Bing Ventures, DG Capital, Divide Labs, and other institutions.

It is reported that Singular is the first NFT lending protocol that supports cross-chain transactions across multiple ecosystems including BTC, ETH, and Arbitrum, and is currently the only real-time lending protocol supporting BTC ecosystem Ordinals NFTs. Singular has already achieved liquidity support for various NFT assets, including Bitcion Frog, and has gained a market-leading position in niche areas of the ETH ecosystem and Layer 2 ecosystems like Arbitrum. Singular aims to become the best lending protocol supporting all categories and all-chain assets, achieving dynamic matching of risk and return through its pioneering "dynamic risk-interest rate matching model," providing optimal liquidity solutions for various NFT assets including PFP, Gaming, and RWA.

In addition, to further enhance user rights, Singular will soon launch its first all-chain PFP project with token attributes—Golden Chipmunk, which will enable real-time cross-chain transfers on BTC, ETH, and Layer 2, allowing NFTs to break free from dependence on the chain itself and achieve better liquidity. As Singular's token, it will not only provide users with exclusive identities but also offer benefits such as protocol fee discounts and future airdrops.