NFT Lending: A Rising Opportunity When NFTs Meet DeFi

SEP 15, 2022 • 18 Min Read

Teng Yan Teng Yan
DISCLOSURES: THE AUTHOR & EDITOR HAVE NOT PURCHASED OR SOLD ANY TOKEN FOR WHICH THEY HAVE MATERIAL N

Introduction

In 2020, we had “DeFi Summer.” We witnessed the rise of core building blocks of an alternative, decentralized financial system. This includes Uniswap, Aave, and Curve.

In 2021, NFTs exploded into mainstream attention. Bored Ape Yacht Club and CryptoPunk NFTs were bought and sold for 6-figure sums; some even traded for millions.

In 2022, we see signs of a new emerging narrative: DeFi-type products that enable greater financialization of NFTs. Trend catchers should pay close attention to NFT finance.

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