Modul în care funcția de creditare a Binance contestă estomparea pentru a oferi ETH NFT mai multă utilitate 

• Binance is releasing an NFT lending feature. 
• The new feature plans to give NFTs more utility.
• Binance’s new feature directly rivals Blur’s NFT lending protocol Blend. 

În fiercely competitive landscape of NFT marketplaces this year, platforms like estompare have set the bar high, pushing other marketplaces such as Opensea, Eden magic, și Arată rar to compete for relevance. Now, Binance looks to intensify the race for dominance with its entry. 

Throughout this year, Binance has been actively expanding its NFT offerings, experimenting with different initiatives, including AI generativă. In a strategic move to establish its presence in this high-octane atmosphere, Binance has unveiled a feature that directly rivali the leading platforms in the space. 

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More Utility

On May 25, Binance marked its entry into the NFT lending space by unveiling a new trăsătură on its platform that allows users to secure loans using NFTs as collateral. 

The new feature, called Binance NFT loan, aims to add utility to NFT-uri by allowing people to use their assets to borrow crypto. The feature comes shortly after Piața NFT giant Blur launched its NFT Lending protocol called Blend earlier in May. 

However, unlike Blur, Binance uses a “Peer-to-pool” mechanism where its platform acts as a loan pool. 

Initially, Binance will only support Ethereum loans and “Blue Chip” NFT collections, including Bore Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. The exchange has shared that it plans to introduce more features in the future that would make Binance the “one-stop shop for NFT trading and DEFI. "  

Mayur Kamat, head of product at Binance, comun într-un comunicat de presă.

Binance NFT loan feature will provide new lichiditate options for holders, allowing them to participate in the market without having to let go of their precious NFTs.”

Initially, interest rates are fixed at 3.36% per annum; however, Binance will increase rates to 11% later. According to the platform, the loan-to-value ratio ranges from 40% to 60%

Pe Flipside

• In April, Peck Shield raportate that $3 million of NFTs were stolen, and 70% of them were sold on Blur.
• The crypto community had blurred reactions to Blur’s new lending protocol Blend. They shared skepticism about the platform’s auctioning process. 

De ce acest materie

Binance’s new feature could shake up the concurs and change how NFTs. The new NFT loan feature evolves NFTs from being typical ‘jpegs’ to properties that can be used as collateral. This is a big step forward for NFTs and could entice other platforms to follow suit. 

Read more about Blend:

Noul protocol de împrumut NFT al Blur se luptă să se integreze.

Read how Bitcoin claimed the 2nd spot in NFT sales: 

Bitcoin Threatens Ethereum as It Claims 2nd Spot in NFT Sales.

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• Sursa: https://dailycoin.com/binances-lending-gives-eth-nfts-more-utility/