Blur Launches P2P NFT Lending, Total NFT Lending Break Through $20 Million (10,740 ETH)

Blur, one of the top NFT marketplaces launches a peer-to-peer lending protocol for NFTs called Blend on May 1. Blend has been built in collaboration with Dan Robinson, who is the architect behind the lending protocol. He is a software engineer and a researcher who work for Paradigm. Paradigm is a venture capital firm that invested in Blur.

CryptoPunks NFT owners can borrow up to 42 ETH.  Total ETH loaned break through $20 million (10,740 ETH), within 48 hours after Blur Blend has been launched. On May 3, Blend has 283 total lenders, 378 total borrowers, and 10,740 total ETH loaned.

Another NFT lending service that has already been in the business is BendDAO. NFT lending services that use NFTs as collaterals are popping up right now.


For more statistical information of Blend visit. Blur Loans (dune.com) and Blur Lending - DefiLlama. 

Overall statistical information of NFT lending visit NFT Lending Volumes (dune.com).