New York, NY — Cyan, a Buy Now, Pay Later (BNPL) service for the metaverse has unveiled its groundbreaking v2 protocol. The upgraded version provides users with full usage of their NFTs during the financing period, delivering an unparalleled “Buy Now” experience.

Launched in 2022, Cyan has established itself as the leading metaverse BNPL protocol, attracting investment from top-tier investors such as Animoca Brands, OpenSea, and gumi Cryptos Capital.

“Cyan v2 brings an authentic BNPL experience to all Web3 stakeholders. For the first time ever, customers can actually use the assets they are financing while paying for them,” said Evan Mair, Principal at gumi Cryptos Capital. “Developers can also seamlessly integrate with Cyan using WalletConnect, bypassing the need for additional software integrations or supporting wrapped assets.”

Unlike other protocols that issue limited-use wrapped NFTs during the financing period, Cyan v2 grants users full control over their NFTs. Throughout the financing period, users will have the opportunity to fully engage with a range of features, including airdrops, token-gated events, app sign-ins, and staking.

“While other protocols allow users to finance and borrow against NFTs, they restrict full NFT utilization since the assets are locked in a smart contract,” says Cyan Founder and CEO Mikio Crosby, “It’s like having a car loan without being able to drive your car. Our new protocol lets you use your car while paying it off.”

In addition to BNPL services, Cyan offers users loans of up to 66% loan-to-value against their NFTs — the highest in the industry. From there, borrowers can stake ETH into Cyan’s Vault products to earn yield from those loans.

With Cyan v2, users can finance multiple NFTs simultaneously and access ETH loans supported by various NFTs as collateral. They can settle NFT loans early if their value rises, customize their initial payment, extend loan durations up to six months, and refinance at more favorable interest rates when desired.

To ensure a safe and secure experience for all Cyan users, part of the protocol has been audited by CertiK, a leading blockchain security firm. Cyan will also release a bug bounty on Immunefi, a top security platform for decentralized applications.

Accompanying the release are two highly requested features: a revamped user-friendly interface design and support for the Polygon Network. Cyan plans to roll out support to Binance Smart Chain and additional networks, an improved Chrome extension, and additional financing features in the latter half of 2023.

To purchase or finance NFTs with Cyan v2, please visit usecyan.com.

Press & Partnership Inquiries: hi@usecyan.com

About Cyan:

Cyan is a Buy Now, Pay Later service designed for the metaverse, offering users a seamless way to finance NFT purchases without the need for collateral or alternative borrowing sources. Founded in 2022, Cyan has facilitated over 100 deals across the metaverse, while drawing investment from top-tier investors like Animoca, OpenSea, and gumi Cryptos. With the introduction of the v2 protocol, Cyan is delivering an unparalleled “Buy Now” experience, empowering users to fully harness the potential of their NFTs throughout the financing period.

We are thrilled to announce the launch of Cyan v2, our latest upgrade that is set to revolutionize the world of NFT finance. With new features, enhanced functionality, and a range of upcoming improvements, Cyan v2 is designed to empower NFT enthusiasts and streamline the borrowing and lending process like never before.

Cyan Wallet: Unleash the Power of Your NFT

Our signature Cyan Wallet is a game-changer that allows users to fully utilize their NFTs during the loan period. From token-gated events to airdrops and beyond, Cyan Wallet gives you the freedom and flexibility to leverage your NFTs like never before. With a range of customizable loan terms, you can now maximize the potential of your NFT investment with ease.

More Loan Options: Take Control of Your Repayment Period

With Cyan v2, we have expanded our range of loan options to give you more control over the borrowing process. Whether you want to adjust your repayment period, down payment, or loan terms, our platform is designed to put you in the driver’s seat. Plus, with the ability to buy Bored Ape NFTs and stake into ApeCoin pools during the loan period, you can now unlock the power of your NFT investment and earn staking rewards sooner.

Auto-Repayments: A Stress-Free Borrowing Experience

We understand that managing loan repayments can be stressful, which is why we’ve introduced auto-repayments to take the hassle out of the process. With this feature, you can rest easy knowing that your loan repayments will be taken care of automatically. And if you need to turn this feature off, you can do so at any time.

Early Repayments: Slicker and More Rewarding

Our upgraded repayment experience is designed to make early repayments more seamless and rewarding. You can now make all your payments in one shot and enjoy a discount for being a responsible borrower. Plus, with our upcoming early unwind feature, you can sell your NFT and pay off your loan, all in one transaction.

Vault Staking: More Transparency and Control

Cyan v2 brings more transparency and control to our vault staking process. You’ll have full visibility into the collections in our vault, with more data points coming soon. With Cyan v2, you can now take advantage of vault staking with ease and confidence.

NFT Loans: Streamlined for Your Convenience

We’ve made it easier than ever to navigate our platform with a user-friendly interface that lets you keep track of your NFTs and loans all in one view. Check rates, take out bulk loans, and access supported NFTs without hassle. Borrowing ETH from your NFTs is now faster and more convenient than ever before.

Instant Bulk Loans: A New Standard in Borrowing

With our instant bulk loans feature, you can take out loans against up to five NFTs at once, with instant quotes and quick ETH payouts. And with Cyan v2, you’ll always be in control of your NFTs, no matter how many loans you take out.

Light Mode: A New Way to Customize Your Experience

We understand that everyone has different preferences when it comes to user interfaces. That’s why we’ve introduced Light Mode, a new way to customize your Cyan v2 experience. Whether you prefer a dark or light interface, we’ve got you covered.

Upcoming Features: The Future of NFT Finance is Bright

We are committed to improving our platform and bringing you the best possible experience. With upcoming features like Polygon support, multi-language support, increased NFT collections, and many more, we are dedicated to staying ahead of the curve and delivering the most innovative NFT finance platform possible.

Zero Fees Until the End of June: The Best Way to Try Cyan v2

We are offering zero service fees through the end of June as a promotion to encourage users to try our new platform. Whether you’re looking to buy now, pay later, or take out a loan on your NFT, you can do so without any service fees. In return, we ask that you provide feedback so we can continue to improve our platform.

Ready to Take Your NFT Game to the Next Level?

Cyan v2 is the ultimate platform for NFT enthusiasts who want to maximize the potential of their NFT investments. Whether you’re looking for more loan options, enhanced functionality, or greater control over the borrowing process, Cyan v2 has you covered. With our signature Cyan Wallet, vault staking, and instant bulk loans, we are confident that we have created the most innovative and comprehensive NFT finance platform on the market.

Join Our Discord Community Today

To learn more about Cyan v2 and join our growing community of NFT enthusiasts, visit our website and join our Discord channel. We look forward to hearing your feedback and continuing to improve our platform to meet your needs.

In conclusion, Cyan v2 is a major milestone in the evolution of NFT finance, and we are proud to be at the forefront of this exciting industry. With our commitment to innovation, transparency, and user-centered design, we are confident that we can help you take your NFT game to the next level. Try Cyan v2 today and see the difference for yourself.

gm 👋

Crypto markets look upbeat again, with Bitcoin trading at $21.5k, a +1% move on the day. Ethereum finally reached $1600, a modest +0.5% gain in 24 hours. The US is going to hit its pre-determined debt ceiling of $31.4T this Thursday, with even Yellen this time calling for a more prudent approach to debt. DCG has suspended dividend payments until further notice, adding to the already stressed situation of Genesis and Gemini.

NFT volumes reach $25M on the day, with ETH-NFTs at $20M and Solana-NFTs at $5M. MAYC, BAYC, and BAKC are at the top once again with a total of $7M. CryptoPunks makes an appearance, a first in a while — $900k trades on just 5 transactions. Azuki and Beanz are a combined $1.3M on the day.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

ANNOUNCEMENT

We are going to phase out the daily ‘gm’ newsletter with today’s last issue. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

NFT headlines:

First National Geographic NFT Launch Meets Massive Backlash, Technical Issues

Yuga Labs Launches Dookey Dash Skill-Based NFT Game

Wallets of NFT influencer drained in OBS malware attack

Arknights Developer Sends Cease & Desist Letter to NFT Anime Project For Copyright Infringement

China NFT platforms expand into Hong Kong in face of compliance risks on mainland

Masa Finance Brings Soulbound Tokens to Ethereum. Here’s What to Know

Japanese Tax Agency Wants to Tax NFT Sales and Crypto Gaming Profits

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

Bitcoin continues to gain, adding another +2% today to trade at $21.2k. Ethereum follows close behind, also up +2% to $1570. The average trade size on Binance has increased from $700 to nearly $1000 since January 8th, indicating the pick-up in interest. Binance has also burned $600M of BNB as part of its quarterly burn program.

NFT volumes pierce through $30M, with ETH-NFTs at $25M and Solana-NFTs at $6M. MAYC, BAYC, and BAKC dominate the top three slots with a combined $10M in turnover. The claim for sewer passes to the Dookey Dash GameFi by Yuga starts today, as a skill-based mint for NFTs.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

NFT headlines:

S. Korean court says NFT game items are speculative, adds on to P2E ban

DeFi, DAOs and NFTs: Crypto is redefining how charities raise funds

Ushering in a new era of Web3 gaming by making Play-to-Earn sustainable

China’s first national NFT marketplace to launch next week: Report

A look back at the collapse of Donald Trump’s NFT collection

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

Crypto markets attempt to grind higher, with Bitcoin just stopping shy of $21k and Ethereum sitting comfortably at $1550. Shiba Inu devs have revealed their layer 2 solution, which includes Shiba Inu tokens, leash, and bone. NFT volumes are $27M, with ETH-NFTs at $21M and Solana-NFTs at $5M. BAYC, MAYC, and BAKC make up the top three, with a combined $6M in turnover. CreateraGenesisLand sneaks into the top five with $1.5M in volume and Pudgy Penguins makes noise with $1.2M.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

ANNOUNCEMENT

We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

NFT headlines:

Google Ads-delivered malware drains NFT influencer’s entire crypto wallet

Nobody Wants To Buy The Ugly Crypto House

3 things every company can (and should) do to integrate NFTs

Dungeons & Dragons Wants Nothing to Do With Web3 or NFTs

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

After an explosive move yesterday, crypto overall has taken a day off. Bitcoin is softer by -1% to $20.7k and Ethereum is flat at $1535. NFT volumes sit right around $25M in total, with ETH-NFTs at $21M and Solana-NFTs at $4M. BAYC, MAYC, Otherdeed, and BAKC make it into the top five, with a combined $9M in turnover. Azuki has another strong day with $2M in turnover across 87 trades.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

ANNOUNCEMENT

We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

NFT headlines:

NFTs have a brighter future on Instagram than on Twitter

Official ‘Game of Thrones’ NFT Collection: ‘No Creative Vision and Terrible’

SFMOMA Acquires Its First NFT

Art Blocks NFT Faithful Partied in Marfa as FTX Collapsed

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is shutting down on the 18th, and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

Bitcoin rips up above $20k, a whopping +11% in 24 hours to trade $20.9k. Ethereum follows close behind, +10% to $1550. Lots of shorts getting liquidated to drive spot higher. The rest of the market gets pulled up as well, with the total crypto market cap finally back to $1T. MetaMask has added an ETH staking feature for users to directly stake into Lido (stETH) and Rocket Pool (rETH). US banks reported earnings on Friday, leaving markets with a grim outlook for 2023 and reminding shareholders of fear of a mild recession due to inflation + household debt.

NFT volumes are a touch shy of $30M, with ETH-NFTs at $21.5M and Solana-NFTs at $7M. BAYC, MAYC, and Otherdeed are in the top five with a total of $6M in volume. Azuki hangs on in fourth place with $1.2M in turnover across 54 trades. Crypto Twitter influencer NFT_GOD’s pc has been hacked, losing his famous MAYC NFT he’s been using as his avatar in the process.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

ANNOUNCEMENT

We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

NFT headlines:

Decentraland Leads Metaverse Token Rally After Optimistic CPI Report

Why a ‘Tiny’ NFT Game Is Ditching Solana for Ethereum’s Immutable X

What is regenerative finance (ReFi), and how does it impact NFTs and Web3?

Logan Paul unveils $1.5M CryptoZoo recovery plan

Whistleblowers Edward Snowden and Daniel Ellsberg Drop a Collaborative NFT to Benefit Press Freedom

Citi Says Solana Blockchain Activity Remains High

Yuga Labs Reveals Details for Upcoming BAYC Project Mint

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

Bitcoin continues to grind higher, adding another +4% today to trade just under $19k. Ethereum looks less enthusiastic but nonetheless added +1% to trade just above $1400. More exchange cuts were announced, this time from Crypto.com as they cut 20% of its workforce, joining Coinbase in downsizing its staff. On the contrary, Binance is looking to add 15~30% more employees to make their total headcount 10k, according to CZ. The SEC is now probing both Gemini and Genesis, calling the ‘Earn’ program a security they obviously never registered for.

Total NFT volumes touch $25M today, with ETH-NFTs at $20M and Solana-NFTs at $5M. Azuki leads the pack with $2.6M in turnover, with MAYC close behind with $2M, although the floor price isn’t moving much. Beanz is also seen with $1.4M in volume, riding the coattails of Azuki.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

ANNOUNCEMENT

We are going to phase out the daily ‘gm’ newsletter, with the last issue going out on the 18th. Revue is deprecating and coupled with our new Cyan Newsletter, we’ll be consolidating efforts.

If you haven’t yet, please sign up for our newsletter from our homepage. Many thanks and we look forward to sharing more in our Cyan Newsletter going forward!

NFT headlines:

Bored Ape Collections Pump Ahead of Upcoming Sewer Pass NFT Mint

5 Unique NFT Use Cases That Will Dominate 2023

NFT Passes for a Zoom Call With Donald Trump Are Selling for Under $25

Bored Ape Yacht Club NFT Sales Spike Ahead of Yuga’s Dookey Dash Game

Music NFTs are helping independent creators monetize and build a fanbase

NFT index grades the trading performance of collectors’ wallets

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/

gm 👋

Crypto markets enjoy a massive move up, with both Bitcoin and Ethereum up 6% in the past 24 hours. Bitcoin punches through $18k and is now at $18.3k, while Ethereum trades at $1410. Total crypto market cap inches towards $1T again, with it currently at $927B. As the US inflation rate slows to 6.5% (I guess that’s slow?!), USD makes moves and softens with USDJPY heading lower to 129.7. In a domino of centralized lender scrutiny, Nexo is now the target of Bulgarian authorities for money laundering and tax violations — a user on the platform has been identified as funding terrorism and utilizing Nexo to move funds around.

NFT volumes spike, along with high spirits in the crypto markets. ETH-NFTs are at $30M, and Solana-NFTs are $4M. MAYC, BAYC, and BAKC make up the top three with a combined $11M in turnover across nearly 500 trades. Yuga put out another tweet update on a new mint and details behind their new mini-game. Mutant Hound Collars and Azuki both print $2M on the day.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

NFT headlines:

9GAG’s Memeland: Meet The Studio Behind The Potatoz and Captainz

Top NFT Artists Are Launching Projects on Instagram and Selling Out in Seconds

Solana-Based Bonk Inu NFTs Surge Tenfold After Mint but Listing Attracts Criticism

Yuga Labs Announces Skill-Based NFT Mint

Tennis Australia commits to more NFTs despite mayhem in the crypto markets

Game of Thrones NFTs Sell Out Quickly, But Draw Criticism for ‘Poorly Drawn’ Characters

Crypto Twitter Reacts to Official ‘Game of Thrones’ NFTs: ‘Worst Thing I’ve Ever Seen’

NFT gaming trends in 2023: Industry execs expect more big players to jump in

Please let us know your thoughts at hi@usecyan.com

Buy an NFT now and pay later → https://dapp.usecyan.com/