What is NFT lending, and how does it work?
Unlock the value of your NFTs without selling them. Learn about NFT lending: how it works, the types of loans and the risks involved.
NFT lending allows NFT holders to take out loans against their assets. It has grown in popularity as a way for investors to unlock liquidity and access borrowing.
Nonfungible tokens (NFTs) can be bought and sold, held, or traded, and they are also now part of other decentralized finance (DeFi) arrangements, including NFT lending. Demand for NFT lending has risen in part because the nonfungible, or unique, nature of NFTs makes them difficult to utilize in other DeFi sectors. For instance, it’s not possible to stake or yield farm NFTs in the same way investors can with fungible cryptocurrencies.
...