News Score: Score the News, Sort the News, Rewrite the Headlines

Real-world assets could revitalize dying NFT lending market: DappRadar

Real-world assets linking up with non-fungible tokens (NFTs) is one of a few key catalysts that could reignite the waning NFT lending sector, which is suffering from a collapse in volumes and user activity, says blockchain analytics platform DappRadar.Volumes in the NFT lending market, which allows NFT holders to take out a loan against their token, have dropped 97% from a peak of around $1 billion in January 2024 to $50 million in May, DappRadar analyst Sara Gherghelas said in a May 27 report.G...

Read more at cointelegraph.com

© News Score  score the news, sort the news, rewrite the headlines