# Official PawnSpace Whitepaper PawnSpace is a decentralized NFT collateralized lending platform, that allows you to convert your NFTs into financial opportunities. The protocol is currently being built on Polygon with the alpha now LIVE on Mumbai Testnet. \_**"Don't let your NFTs stay idle in your wallet anymore. Collateralize them, and turn your NFTs into financial opportunities! 'Cause, why not? :)"** \_ ![](https://3420303853-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MZiZy9XSrh8Q9F82VXa%2Fuploads%2Fgit-blob-cd2bc936f78b8e9a7799e7b7f59554a0d2c6286f%2Fbanner%20v2.png?alt=media) **Abstract** The document introduces a decentralized NFT Collateralized Protocol that enables users to borrow and lend assets such as NFTs (ERC721 compliant). It also explores and describes the theory and technical aspects of the protocol / platform and its key features that make it distinct from existing products in the market. > **`Authors: Robin Roy, Tomohiro Furuta, Julian Cislo`** > **`Whitepaper Version 1.0 | August 2021`** > > **`Last Updated: 20th August, 2021`** Website: Twitter: Discord: --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.pawnspace.io/readme.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.