Insomnia Labs and CreatorFi have introduced a private lending platform designed to empower the creator economy's 'ownership revolution.' This initiative aims to provide creators with financial support through loans backed by future income streams like ad revenue and royalties, utilizing blockchain and stablecoins. This approach allows creators to secure funding without relinquishing equity or rights.
The private lending market, which reached $1.5 trillion in early 2024, is projected to grow to $2.6 trillion by 2029. This growth is expected to significantly aid digital entrepreneurs, particularly those without traditional bank accounts, by bridging the funding gap and supporting the burgeoning creator economy.
Insomnia Labs and CreatorFi Launch Private Lending Platform for Creators
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

