NFTs (Non-Fungible Tokens) are one of the quintessential pillars of the blockchain ecosystem. Approximately $6B in value1 are locked in NFTs as art, domains, digital collectibles, and wrapped real-world assets. However, leveraging the value of these assets is not easy, and as anyone in finance will tell you, liquidity is king. NFT owners need a mechanism for accessing the value of their collections without being forced to sell. This is where NFT-collateralized lending becomes important. Nau Finance is the first permissionless, crowdfunded, and tranched lending protocol that enables multiple lenders with varying risk tolerances to participate in a single loan while giving borrowers the highest LTV at an optimal interest rate. We call this new mechanism peer-to-multipeer (p2mp). Our team has had successful exists and are early engineers at core blockchain companies such as Chainlink, MongoDB, and Audius.