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MetaLend Has Deployed on Ronin To Borrow and Lend Against NFTs

Ronin Network recently announced the launch of MetaLend on its mainnet. MetaLend is primarily known for helping Axie Infinity users get loans for in-game assets.

The assets include land and axies directly associated with the Ronin wallets. In addition, MetaLend develops software that lets users lend and borrow NFTs. Since its launch in 2022, the platform has facilitated loans for over 2,000 NFTs.

With the development, Ronin has boosted its progress towards its upcoming goals. The network has gained liquidity using the axies, allowing users to stake land as collateral. As the collaboration progresses, users can even play with NFTs after their collateralization.

In addition, MetaLend will support staked RON and AXS. Ronin even posted an official website post to inform users about the partnership. The newsletter talked about how users can leverage the opportunity and the future possibilities it opens.

(By Trevor Holman)

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