According to official news from Odaily, NFT lending protocol NFTfi announced the launch of the NFTfi Foundation, which is dedicated to developing the infrastructure required for a healthy NFT credit market. The NFTfi Foundation will manage the NFTfi protocol and develop the NFTfi ecosystem until it can operate independently. The Foundation is about to launch several initiatives and incentives to promote the use of the NFTfi protocol and NFTfi technology stack, and will also establish the NFTfi Council (Council) later this year as the first to balance stakeholder participation in key protocol decisions. step. The Council will launch and develop the NFTfi DAO to become a decentralized community that manages the development of the NFTfi protocol. According to previous news in March, NFTfi announced the completion of $6 million in Series A1 financing, led by Placeholder VC, with participation from Maven 11, Launch Labs Inc, Kahuna Ventures, etc. Its total financing so far has reached $15 million.