DeFi 🤝 NFTs Using your NFTs as collateral on Binance NFT Loan can give you quick access to funds whilst keeping ownership of your assets. Learn about how it works with the blog below.
NFTs have disrupted traditional concepts of ownership and opened up a world of possibilities for creators, collectors, and investors. However, the NFT market can present challenges when it comes to liquidity. Extracting the value of these digital assets without having to part from them can be difficult. At Binance NFT, we're committed to offering our users innovative financial solutions that maximize the value of their NFTs. To this end, we're proud to announce a new feature: NFT Loans.
The current projects supported by Binance NFT Loan as collateral are Bored Ape Yacht Club , Mutant Ape Yacht Club , Azuki, and Doodles, with plans to support a wider range of NFT collections in the future. The feature is designed to provide value to users who own NFTs and need quick access to funds by offering a convenient solution with competitive interest rates.
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