As the NFT lending space continues to develop, with cumulative NFT borrow volume at $1.98B as of June 14, the opportunity for unlocking the capital efficiency of NFTs remains huge, and the segment is likely to reach a larger total addressable market in the future. Even in a bear market, NFT lending protocols are still gaining traction, as weekly NFT lending volume increased by nearly 5x since Blend’s entrance on May 1.
Jun 16, 2023
The NFT Lending Market Opportunity
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