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NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity

Pro-focused non-fungible token (NFT) marketplace Blur is making headlines again, this time for entering the NFT lending space. The move has raised questions about its broader market impact. On Monday, Blur launched Blend, a peer-to-peer NFT lending platform that allows traders to lease out their NFTs to collectors looking to buy blue-chip NFTs with a smaller upfront payment. Blend aims to help introduce new buyers to its ecosystem by lowering fiscal barriers to entry for popular NFT collections. It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue-chip NFT collections, according to data from NFT marketplace OpenSea.

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