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Following the NFT-backed loan market exceeding $1 billion in total loan value, the leading Ethereum NFT marketplace, Blur, launches Blend. This new lending protocol enables NFT collectors to use their digital assets as loan collateral. Moreover, liquidity providers can earn interest by lending ETH with NFTs as backing. Quick Takes: Aspects Behind Blur’s Lending Protocol
Leah Waters
The forerunner in the world of NFT marketplaces, OpenSea, announced on Tuesday that it’s diving into uncharted waters by launching OpenSea Pro. The unveiling of this upgrade comes as a response to the rise of its rival, Blur, which has been riding a wave of success over token rewards — despite wash trading concerns. Quick Takes: Critical Advantages of OpenSea Pro Gem
Leah Waters
According to leaked screenshots by an alias member on Twitter, Microsoft’s Edge browser is introducing a built-in wallet for NFTs and cryptocurrencies. And it looks pretty spot on. Quick Takes: Microsoft’s Apparent Web3 Integration Explained Leaked screenshots show that Microsoft is working towards simplifying Web3 experiences for its customers. As such, the largest computer software vendor
Leah Waters
According to data by DappRadar, non-fungible token (NFT) sales volumes soared in February to highs not seen since the Terra crash last Spring. Quick Take: Top Causes of Last Month’s NFT Rise Last month, trading in the NFT market exceeded $2.04B, showcasing a 117% increase from January’s $941M. Thus, making February the most successful month
Leah Waters
Rektguy NFT founder, Mando, rocked the non-fungible token (NFT) world yesterday, going on a liquidity hunt like no other. Selling 71 highly converted Bored Ape Yacht Club (BAYC) NFTs, alongside other blue-chip collectibles, Mando racked in more than 5545 ETH ($9M) in sales on Blur — the newcomer marketplace overriding OpenSea. Quick Take: Factors Contributing
Leah Waters
To override its rival, Blur, OpenSea has lowered its fees and modified creator royalties. Regardless, the newcomer marketplace continues overpassing OpenSea, thanks to airdropping $300M worth of tokens to ”loyal traders” and offering other perks. Quick Take: Blur vs. OpenSea – Why are Blur’s Secondary Sales Soaring? NFT trading on Blur has increased in the past
Leah Waters
The NFT marketplace will only require a 0.5% royalty fee for projects that do not have on-chain enforcement, but sellers will be able to pay more. Quick Take: OpenSea’s Creator Royalty Changes and Blur Rivalry: A Closer Look To cope with increasing competition from emerging rival platform Blur, OpenSea has announced that it will remove
Anvi Saini
