NFT cross-chain lending protocol Singular has completed a $3 million seed round of financing, led by IOBC Capital, with participation from BCH Foundation, Bing Ventures, DG Capital, Divide Labs, and others.

According to official sources, decentralized NFT lending platform Singular has launched cross-chain batch lending, which will support BTC, Ethereum, and other multi-ecosystem NFTs for cross-chain lending on Layer2.With this launch, Singular will become the first NFT cross-chain lending platform and the first point-to-pool lending protocol that supports BTC and NFTs. Cross-chain batch lending can save users a lot of GAS (according to actual test data, the total amount of GAS saved exceeds 90%), and can provide users with a better interaction experience on Layer2.Singular has already completed Layer2 cross-chain lending support for Ethereum ecosystem NFT assets, and BTC ecosystem NFT lending will also be launched soon. According to the official website, the platform will first support the Bitcoin Frogs project in the BTC ecosystem. In addition, Singular is actively deploying ecological cooperation with BTC Layer2, providing liquidity support for NFT assets in the BTC ecosystem on BTC Layer2.