What Is NFT Lending?
Non-fungible tokens have become a sensation in the global market right now. Since its market boom in 2021, NFTs have conquered every sector including art, entertainment, game, fashion and real estate. We have already witnessed the immense potential and benefits of tokenisation, fractional ownership and staking. However, the moment you think that use cases of NFTs will stop here, it gives birth to a new sector. Enter the NFT’s hottest sector – lending. Though NFTs are illiquid assets, NFT lending has picked its pace in the financial world. The two largest NFT lending platforms are NFTfi and Arcade. Since its launch, $20 million in loans have been disbursed on the Arcade platform. You can too build an NFT lending platform and capitalize on this latest market opportunity. Leverage the benefits of our NFT marketplace development services to build a secure NFT lending platform and offer users a safe environment for lending and borrowing. You must have heard about crypto loans. B