Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

2025-05-12

Litecoin price analysis and forecast in the short term

2025-05-12

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Binance launches NFT lending feature
Binance launches NFT lending feature
NFT

Binance launches NFT lending feature

2023-05-26No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

On May 25, Web3 marketplace Binance announced that NFT owners can use their digital assets as collateral to secure loans in Ethereum. The new service, called Binance NFT Loan, aims to bring the benefits of decentralized finance (DeFi) to Binance’s NFT community, let users unlock the potential of their NFT holdings without having to sell them, and provide a solution in the process. to provide for liquidity needs. .

Dive deeper

Launching on May 26, the service will initially focus on Ethereum loans only and will accept NFTs from selected collections such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. However, Binance has plans to expand the service with more collection and lending options in the future.

Yellow test on a black background with the text "Binance Launches NFT Loan, Enjoy 70% Off NFT Interest Rates".
Credit: Binance

Binance NFT Loan comes with several features for users including competitive interest rates, instant liquidity and zero gas fees. A unique aspect of the service is the “Peer-to-Pool” approach, where Binance acts as the pool for the loans.

“Binance’s continued evolution and expansion in the NFT domain is a testament to our commitment to provide diverse offerings and services to our community,” said Mayur Kamat, the Head of Product at Binance, in a press release.

Kamat also stated that the new feature will provide a variety of liquidity options for NFT owners, enabling them to participate more effectively in the Web3 ecosystem without relinquishing their prized NFTs.

Keeping up with Web3 trends

Over the past few months, Binance has made a concerted effort to stay ahead of the evolving crypto and NFT landscape. In March, it launched a beta for Bicasso, an AI-powered NFT generator.

Access instant liquidity from your NFTs with #Binance NFT Loan!

You can now secure crypto loans with your NFTs on @TheBinanceNFT Marketplace, with zero gas costs, low interest rates and liquidation protection.

Find all the details below.

— Binance (@binance) May 26, 2023

Binance’s NFT lending capabilities come just weeks after Blur, the number one NFT marketplace and aggregator in the NFT space, announced its own borrowing and lending capabilities. Blur has enjoyed tremendous success with the move and is now the number one NFT loan provider by market share.

See also  Safe Ecosystem launches $ 200k agentathon to explore AI-driven smart accounts

The intersection of NFTs and DeFi is likely to continue to grow in 2023 as platforms and builders in the space continue to explore ways for the nascent Web3 market to evolve and sustain itself over the long term.



Source link

Binance Feature Launches Lending NFT
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

2025-05-12

New details about Trump’s Memecoin leaks from the official website – this is what they intend

2025-05-12

Top 9 play-to-earn NFT games to try in May 2025!

2025-05-12

NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

2025-05-11
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin Costs Rising: Should You Worry?

2023-12-18

Trader Who Rode 2023 Crypto Rally Warns of Fake Bitcoin Breakout if ETF Gets Approved – Here’s His Outlook

2023-08-27

Dogecoin (doge) blinks bullish signals – is a large meeting on the horizon?

2025-05-08
Editors Picks

Bitcoin Price Back on Track: Can It Maintain Traction?

2024-09-27

Hyperliquid (Hype) & Sui launch a bullish attack – is this a good time to buy hype or sui?

2025-01-30

Revolut tells customers that it reduces crypto trading costs

2023-06-29

The Rapid Rise of TIA Coin: Over 367% Growth in a Month Revealed

2023-12-13
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

Litecoin price analysis and forecast in the short term

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,278.92-1.64%
  • ethereumEthereum(ETH)$2,447.74-2.50%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.463.93%
  • binancecoinBNB(BNB)$651.080.04%
  • solanaSolana(SOL)$170.21-1.59%
  • usd-coinUSDC(USDC)$1.000.04%
  • dogecoinDogecoin(DOGE)$0.223090-4.59%
  • cardanoCardano(ADA)$0.79-1.23%
  • tronTRON(TRX)$0.2659910.38%
  • suiSui(SUI)$3.86-4.10%
  • chainlinkChainlink(LINK)$16.34-3.62%
  • avalanche-2Avalanche(AVAX)$24.04-2.35%
  • stellarStellar(XLM)$0.302851-1.72%
  • shiba-inuShiba Inu(SHIB)$0.000015-4.59%
  • hedera-hashgraphHedera(HBAR)$0.2062810.23%
  • the-open-networkToncoin(TON)$3.27-4.31%
  • hyperliquidHyperliquid(HYPE)$24.01-1.58%
  • bitcoin-cashBitcoin Cash(BCH)$401.78-1.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.643.75%
  • polkadotPolkadot(DOT)$4.92-2.53%
  • piPi(PI)$1.08-16.13%
  • litecoinLitecoin(LTC)$101.111.11%
  • moneroMonero(XMR)$334.890.90%
  • pepePepe(PEPE)$0.000013-5.72%
  • bitget-tokenBitget Token(BGB)$4.72-4.01%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • uniswapUniswap(UNI)$6.67-3.18%
  • bittensorBittensor(TAO)$451.33-3.83%
  • nearNEAR Protocol(NEAR)$3.06-1.98%
  • aptosAptos(APT)$5.68-3.27%
  • aaveAave(AAVE)$215.78-1.17%
  • okbOKB(OKB)$53.61-3.40%
  • ondo-financeOndo(ONDO)$0.99-4.36%
  • internet-computerInternet Computer(ICP)$5.58-2.89%
  • ethereum-classicEthereum Classic(ETC)$19.28-3.19%
  • kaspaKaspa(KAS)$0.111175-5.93%
  • gatechain-tokenGateToken(GT)$21.75-0.55%
  • mantleMantle(MNT)$0.79-0.40%
  • crypto-com-chainCronos(CRO)$0.098057-0.17%
  • render-tokenRender(RENDER)$4.99-4.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.247760-2.75%
  • vechainVeChain(VET)$0.029940-3.74%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.63-7.47%
  • ethenaEthena(ENA)$0.369471-9.70%
  • usd1World Liberty Financial USD(USD1)$1.000.41%
  • filecoinFilecoin(FIL)$3.03-3.30%
  • arbitrumArbitrum(ARB)$0.419331-6.89%
  • algorandAlgorand(ALGO)$0.231567-2.72%
  • bitcoinBitcoin(BTC)$102,278.92-1.64%
  • ethereumEthereum(ETH)$2,447.74-2.50%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.463.93%
  • binancecoinBNB(BNB)$651.080.04%
  • solanaSolana(SOL)$170.21-1.59%
  • usd-coinUSDC(USDC)$1.000.04%
  • dogecoinDogecoin(DOGE)$0.223090-4.59%
  • cardanoCardano(ADA)$0.79-1.23%
  • tronTRON(TRX)$0.2659910.38%
  • suiSui(SUI)$3.86-4.10%
  • chainlinkChainlink(LINK)$16.34-3.62%
  • avalanche-2Avalanche(AVAX)$24.04-2.35%
  • stellarStellar(XLM)$0.302851-1.72%
  • shiba-inuShiba Inu(SHIB)$0.000015-4.59%
  • hedera-hashgraphHedera(HBAR)$0.2062810.23%
  • the-open-networkToncoin(TON)$3.27-4.31%
  • hyperliquidHyperliquid(HYPE)$24.01-1.58%
  • bitcoin-cashBitcoin Cash(BCH)$401.78-1.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.643.75%
  • polkadotPolkadot(DOT)$4.92-2.53%
  • piPi(PI)$1.08-16.13%
  • litecoinLitecoin(LTC)$101.111.11%
  • moneroMonero(XMR)$334.890.90%
  • pepePepe(PEPE)$0.000013-5.72%
  • bitget-tokenBitget Token(BGB)$4.72-4.01%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.08%
  • uniswapUniswap(UNI)$6.67-3.18%
  • bittensorBittensor(TAO)$451.33-3.83%
  • nearNEAR Protocol(NEAR)$3.06-1.98%
  • aptosAptos(APT)$5.68-3.27%
  • aaveAave(AAVE)$215.78-1.17%
  • okbOKB(OKB)$53.61-3.40%
  • ondo-financeOndo(ONDO)$0.99-4.36%
  • internet-computerInternet Computer(ICP)$5.58-2.89%
  • ethereum-classicEthereum Classic(ETC)$19.28-3.19%
  • kaspaKaspa(KAS)$0.111175-5.93%
  • gatechain-tokenGateToken(GT)$21.75-0.55%
  • mantleMantle(MNT)$0.79-0.40%
  • crypto-com-chainCronos(CRO)$0.098057-0.17%
  • render-tokenRender(RENDER)$4.99-4.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.247760-2.75%
  • vechainVeChain(VET)$0.029940-3.74%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.63-7.47%
  • ethenaEthena(ENA)$0.369471-9.70%
  • usd1World Liberty Financial USD(USD1)$1.000.41%
  • filecoinFilecoin(FIL)$3.03-3.30%
  • arbitrumArbitrum(ARB)$0.419331-6.89%
  • algorandAlgorand(ALGO)$0.231567-2.72%