NFT Finance Part 1: Demand is exploding for loans backed by NFTs
March 16, 2022, 2:12PM EDT · 5 min read
- NFTs are being used as collateral for high-risk, high-reward loans of all sizes.
- The founders of two NFT lending marketplaces shed light on this rapidly growing market.
- This is the first article in a three-part series focused on the financial applications of NFTs.
NFT lending lets traders take out loans putting up their NFTs as collateral. And it’s actually taking off.