Crypto & Web3.0
NFT Sales Pick Up After Launch of Blur P2P Lending Site Blend
Sales of nonfungible tokens — digital pictures of apes and cupids — appear to be climbing from the lowest levels since 2021 after NFT marketplace Blur launched its lending program.
The peer-to-peer perpetual lending platform called Blend, which debuted on May 1, is designed to improve NFT liquidity and lets owners borrow against their digital pictures within seconds. It also allows users to buy valuable NFTs for just a fraction of their price.