The crypto borrowing and lending platform Nexo recently provided transparency into exactly how its business makes money. Its lengthy breakdown follows the collapse of numerous high-profile crypto lending firms that were overexposed to defunct projects and businesses. Nexo’s Business Model As Nexo explained in a Twitter thread on Monday, Nexo’s primary business strategy is to facilitate collateralized credit. Its core services include crypto collateralized loans, interest-bearing crypto accounts, and spot, futures, and options trading. Through its Earn product (crypto interest…
Tag: Quantum Works
Quantum Works Introduces a Fairer Gaming Business Model
Quantum Works seeks to integrate two of the fastest-growing tech sectors - blockchain and gaming. The company is hot off a successful seed funding round where it secured its goal of $1 million in under a week. Notably, Quantum Works marks the first time a cryptocurrency was used to launch a gaming studio successfully. The funding gained during the event will further the development and marketing of a AAA gaming title and studio. Notably, AAA Gaming studios are the top-tier…
1 year ago 
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