Kako Binanceova funkcija posojanja izpodbija Blur, da daje ETH NFT več uporabnosti

Kako Binanceova funkcija posojanja izpodbija Blur, da daje ETH NFT več uporabnosti 

How Binance's Lending Feature Is Contesting Blur to Give ETH NFTs More Utility  PlatoBlockchain Data Intelligence. Vertical Search. Ai.
  • 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. 

v fiercely competitive landscape of NFT marketplaces this year, platforms like Blur have set the bar high, pushing other marketplaces such as OpenSea, Čarobni rajin Izgleda Redko 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 generativni AI. In a strategic move to establish its presence in this high-octane atmosphere, Binance has unveiled a feature that directly tekmecev the leading platforms in the space. 

More Utility

On May 25, Binance marked its entry into the NFT lending space by unveiling a new funkcija 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 by allowing people to use their assets to borrow crypto. The feature comes shortly after Tržnica 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), Jaht klub Mape Mutant (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, deli v sporočilu za javnost.

Binance NFT loan feature will provide new likvidnost 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%

Na stranski strani

  • In April, Peck Shield poročali 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. 

Zakaj to Matters

Binance’s new feature could shake up the Tekmovanje 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:

Blurjev novi protokol posojanja NFT se težko zlije.

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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