Arcade

What Arcade does

Arcade operates a decentralized peer-to-peer lending protocol on the Ethereum and Base blockchains, enabling NFT holders to borrow against their digital assets while retaining ownership and upside exposure. The company's flagship product, the Arcade.xyz dApp, serves as the primary web interface for a marketplace where borrowers list NFTs (or Vaults bundling multiple assets) and receive loan offers from lenders supplying ERC-20 liquidity (WETH, USDC, USDT, DAI, APE). The protocol differentiates through Asset Vaults that aggregate heterogeneous asset types (ERC-721, ERC-1155, ERC-20, ETH, CryptoPunks) as collateral for a single loan, Staking Vaults that allow BAYC/MAYC/APECoin holders to stake into Horizen Labs pools while simultaneously borrowing, and integration with Delegate Cash for hot wallet delegation on vaulted NFTs.

The underlying protocol is open and accessible to third-party platforms via a REST API, and the platform also operates a Goerli testnet for developers and a public Dune Analytics dashboard for transparent on-chain metrics. Arcade pursues a product-led, community-driven go-to-market strategy through Discord, X/Twitter, and comprehensive developer documentation, including unofficial Chinese translations. Its monetization model is transaction-based, consisting of loan origination and loan extension fees; as of the V2 launch in September 2022, both fees were set to 0% as a fee holiday explicitly subject to change, meaning the company is currently not generating fee revenue on its core lending flows.

Arcade is incorporated as Non-fungible Technologies, Inc. in California, headquartered at 1390 Market Street in San Francisco, and operates with 11-50 employees. The company has raised approximately $17.75 million in venture funding across a seed round (May 2021, ~$2.75M) and a Series A led by Pantera Capital (December 2021, $15M) with participation from institutional investors including Franklin Templeton and GoldenTree Asset Management. Strategic technology partnerships include Alchemy for blockchain node infrastructure, Delegate Cash for hot wallet delegation, and Horizen Labs for APE staking pool integration. The company deprecated its V1 dApp in March 2023, consolidating on V2, and continues to support lending for NFTs, memecoins, RWAs, and other tokens.

Name

Arcade

Legal name

Non-fungible Technologies, Inc.

Website

https://arcade.xyz

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Arcade operates a decentralized peer-to-peer NFT lending protocol on Ethereum and Base, enabling NFT holders to borrow against digital assets via smart contract Vaults while lenders supply ERC-20 liquidity to earn yield.

Ownership category

akta.pro rank

Product category

NFT Lending Protocol

NAICS

Sales Financing (52222)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADAMAA

Decentralized Lending & Borrowing Protocols

Financial & Insurance/Crypto & Digital Assets/Decentralized Finance (DeFi) Platforms

SECONDARYFSADAFAB

Decentralized Lending Protocols (DeFi Money Markets)

Financial & Insurance/Crypto & Digital Assets/Crypto Lending, Borrowing & Credit Markets

Keywords

• NFT lending protocol
• Decentralized finance platform
• NFT collateralized loans
• Peer-to-peer lending
• DeFi lending marketplace

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Loan Origination Fees: Protocol charges origination fees on loan principal amounts. As of September 21, 2022, fees are 0% as part of Arcade V2 launch fee holiday. Fee structure is subject to change.
2. Loan Extension Fees: Protocol charges extension fees on principal amounts when borrowers extend outstanding loans. Currently 0% during the V2 fee holiday period.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Arcade operates a decentralized peer-to-peer lending protocol on Ethereum and Base that enables NFT holders to borrow against their NFT collateral (ERC-721, ERC-1155, CryptoPunks, plus ERC-20/ETH bundling via Vaults) while retaining asset ownership. Lenders supply ERC-20 liquidity (WETH, USDC, USDT, DAI, APE) to earn yield via individual listings, collection offers, or instant loans, with all activity settled through on-chain smart contracts.

Product overview

Arcade.xyz is an NFT DeFi platform built on Ethereum and Base networks that enables peer-to-peer lending and borrowing against NFT collateral. The platform operates through the Arcade.xyz web interface (dapp) and Arcade Protocol, offering Asset Vaults for bundling multiple NFTs as collateral, Staking Vaults for BAYC/MAYC holders to stake and borrow simultaneously, and an Arcade.xyz API for programmatic access. Users can borrow against memecoins, NFTs, RWAs, and tokens while lenders provide liquidity through individual offers, collection offers, or instant loans. The platform launched V2 in September 2022 with a 0% fee holiday for loan origination and extension.

Differentiator

Problem solved

Functional benefit

Products and services

• Arcade Protocol Decentralized peer-to-peer finance protocol on Ethereum and Base enabling NFT-collateralized lending and borrowing through on-chain smart contracts. Accessed via the Arcade.xyz dApp or third-party platforms.
• Arcade.xyz Web Interface (dApp) Web-based decentralized application at app.arcade.xyz providing a graphical interface for the Arcade Protocol. Users connect wallets, create Vaults, list NFTs, accept/make loan offers, and manage loans.
• Asset Vault Holding contract functioning as secure storage for multiple compatible assets (ERC-721, ERC-1155, ERC-20, ETH, CryptoPunks). Vaults enable users to bundle multiple assets as collateral for a single loan and access instant liquidity via Collection Offers.
• Staking Vault Specialized vault enabling Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and APECoin (APE) holders to stake assets into supported pools while simultaneously accessing borrowing liquidity through Arcade.
• Arcade.xyz API REST API enabling developers to query loans, terms, wallets, listings, make offers on listings and collections, query wallet loan activity, and view supported collections without using the dApp. API key access is available via Discord developer ticket.
• Goerli Testnet Environment Sandbox testing environment deployed at goerli.arcade.xyz allowing developers and users to test Arcade Protocol functionality with test Ether and NFTs before using the main platform.
• Arcade.xyz Dune Dashboard Public Dune Analytics dashboard providing transparent access to Arcade protocol data, loan marketplace activity, and platform metrics.

Quantifiable outcome

• Loan extensions enable perpetual liquidity without full loan repayment
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AlchemycoreTechnology or IntegrationAlchemy provides blockchain infrastructure for Arcade.xyz. The platform leverages Alchemy's node infrastructure for reliable access to Ethereum and Base networks.
• Delegate CashcoreTechnology or IntegrationDelegate Cash integration enables Vault holders to assign a hot wallet delegate for NFT assets deposited into Vaults. Supports BAYC, MAYC, and Clone X collections on the Arcade.xyz dApp.
• Horizen Labs (APE Staking)coreTechnology or IntegrationHorizen Labs operates the BAYC and MAYC staking pools that Arcade's Staking Vaults integrate with. Users can stake BAYC/MAYC/APECoin into Horizen Labs pools while maintaining borrowing capabilities.
• Paradigm (Faucet)minorOthersParadigm provides a faucet for Goerli testnet ether and NFTs used by Arcade developers and testers.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Aave: Aave is the largest decentralized lending protocol in DeFi and has explored NFT-backed lending features. While its core focus is fungible asset lending, its scale, liquidity, and multi-chain presence make it a broad incumbent that overlaps with Arcade's NFT-collateralized direction.
• Compound: Compound is a foundational DeFi money market protocol that has discussed NFT collateral extensions. Its established lending infrastructure, governance token, and institutional relationships position it as a broad incumbent comparable in category, though currently less NFT-native than Arcade.

Direct peers

• BendDAO: BendDAO operates a peer-to-pool NFT lending protocol on Ethereum, primarily targeting blue-chip collections like BAYC. It competes directly with Arcade's Staking Vault and Collection Offer features and addresses the same NFT-collateralized liquidity use case.
• Blur: Blur is a leading NFT marketplace that has expanded into lending (Blend), enabling peer-to-peer NFT-backed loans with interest-rate discovery. Blur's massive trader liquidity and lending features directly overlap Arcade's marketplace + lending model.
• NFTfi: NFTfi pioneered peer-to-peer NFT-backed lending on Ethereum with a marketplace for fixed-term loans against individual NFTs. It is the closest direct competitor to Arcade's core marketplace model and serves the same NFT holder and DeFi lender segments.
• Pine Protocol: Pine Protocol is a peer-to-peer NFT lending protocol that enables collateralized loans against NFTs with institutional and retail users. It addresses the same NFT liquidity gap that Arcade targets and competes for the same lender and borrower segments.
• ParaSpace (Parallel Finance): ParaSpace operates as a peer-to-peer and peer-to-pool NFT lending and borrowing protocol on Ethereum, originally forked from Compound and expanded for NFT collateral. It directly competes with Arcade's Vault-based NFT collateralization model.
• Gondi: Gondi is a peer-to-peer NFT lending protocol built on top of Seaport and Sudoswap primitives, offering NFT-backed loans with refinancing. It targets the same NFT holder and lender segments as Arcade with similar marketplace mechanics.
• Drops: Drops is an NFT lending protocol that enables borrowing against NFTs as collateral through a peer-to-peer marketplace. It operates on Ethereum with similar lending mechanics and target users to Arcade's NFT-collateralized offering.

Emerging players

• Taker Protocol: Taker Protocol is an emerging NFT lending and fractionalization protocol that enables liquidity against NFTs through a peer-to-pool model. It overlaps with Arcade's NFT liquidity thesis but with a distinct architectural approach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/arcade_xyz
• GitHubgithub.com/arcadexyz
• LinkedInlinkedin.com/company/arcadexyz

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arcade