Blend's NFT Lending Protocol Facilitates Nearly $250M in Loans in First Month, Competitors Take Notice
In just its first month, Blend, an NFT borrowing and lending protocol developed by Blur in partnership with Paradigm, has facilitated over 15,800 loans totaling 123,500 ETH ($224.4 million). The platform charges no fees for borrowers and lenders, eliminates the need for oracles, and does not impose loan expiries, setting it apart from its competitors. Blend's success has prompted Binance to also move into NFT lending, with limited service currently available for four collections. While some believe Blend's liquidity and transaction volume should worry competitors, others see it as a step forward for the industry and a new opportunity for yield generation on-chain.
Blur's NFT Lending Protocol Witnesses Massive Spike in Activity with Ethereum NFTs in the Spotlight
Blur's NFT lending protocol has seen a significant increase in activity, with Ethereum NFTs such as CryptoPunks, Azuki, and Milady Makers gaining attention. Despite volatility in the NFT market, Blur Blend's performance suggests a potential turnaround. DappRadar data shows a noticeable increase in total loan amounts, with loans rising from 4,200 ETH to 169,900 ETH within 22 days of the platform's launch. The popularity of these NFTs could have a positive impact on Ethereum, with the number of daily active addresses on the Ethereum network increasing and transaction activity growing.
Starbucks Airdropping More NFTs in June to Expand Web3 Rewards Program
Starbucks is planning to airdrop NFTs to members of its Odyssey rewards program in June as part of its expansion into Web3. To be eligible for the limited-edition stamp, users must be US residents, Starbucks rewards members enrolled in Starbucks Odyssey, and have completed two "journeys" while owning at least one limited-edition NFT stamp. The airdrop terms state that participants are not guaranteed their preferred stamp and will receive one determined by Starbucks at its sole discretion. This move follows Starbucks' release of "First Store" NFTs last month depicting the original Seattle storefront from 1971.
F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event
Platinum Group, the leading ticket issuer for Formula 1, has partnered with blockchain infrastructure company Elemint and Web3 agency Bary to release non-fungible token (NFT) race tickets. The NFTs will be minted on Ethereum sidechain Polygon and provide access to the Monaco Grand Prix this weekend. They will also offer holders hospitality benefits and future race discounts to encourage loyalty. According to Elie Zerbib, Co-Founder of Bary, NFTs in the form of tickets offer transparency, traceability, seamless digital ticketing, personalization and engagement. Jacques-Henri Eyraud, CEO of Elemint said that leveraging blockchain technology for event ticketing will extend far beyond F1 into sports and entertainment more broadly.
Coresky has reached a cooperation with Sinohope, the MPC self-hosting platform of Xinhuo Technology
Coresky is an Asset-packaged NFT launch and trading platform. The converts primary market currency rights into Asset-packaged NFTs. A community membership system is designed based on users' marketplace transaction behavior. Each level of community membership has a different CoreCard identity, which can be used to obtain primary market currency rights in the form of Asset-packaged NFTs.
The OBJKT Marketplace: Revolutionizing the NFT Economy and Fostering a Vibrant Ecosystem
The OBJKT Marketplace is a prominent platform in the NFT market that uses the Tezos blockchain to facilitate the buying, selling, and trading of digital assets. NFTs are unique digital assets that represent ownership or proof of authenticity for a particular item or piece of content. The marketplace charges a 2.5% fee on all sales, and creators can set their royalty rates between 0% and 100%. The platform has a total transaction value of $63.47 million and 87,699 unique traders. Users can create collections of NFTs on their OBJKT profile and engage with the community.
Fintouch Launches FinSoul Metaverse Platform With AIGameFi and Programmable NFTs for Unprecedented Gaming Experience and Financial Services
Fintouch's FinSol platform was launched in the US on May 22, 2023, offering a combination of AIGameFi, programmable NFTs and metaverse DeFi. FinSoul offers a variety of GameFi games, including blockchain, bitcoin and other guessing types, as well as leisure games. The platform uses advanced technologies such as Unreal Engine 5 and Cocos 2D to provide users with 3D and 2D gaming experiences. Fintoch believes that FinSoul will become a truly permanent metaverse and is committed to creating a Metaverse 2.0 world based on double stranded genes.
VeVe To Release Limited Edition Oscar the Grouch NFT From Sesame Street Franchise
VeVe, a digital collectibles marketplace, is releasing a new NFT featuring Oscar the Grouch from Sesame Street. The limited edition collectible will be available for purchase on May 27th for $60. VeVe is committed to sustainability and promises 100% carbon neutrality for all of its NFTs. The launch of this new NFT offers fans a unique and immersive experience with their beloved Sesame Street characters.
Blur's Lending Platform Blend Takes 82% of NFT Lending Market Share, Accumulating $308M in Trading Volume in First 22 Days
In just 22 days since its launch, Blur's lending platform Blend has captured 82% of the total lending volume market share, accumulating 169,900 ETH (approximately $308 million) in trading volume.
CryptoHub Launchpad Offers Ownership Shares Through NFTs for New Crypto Projects to Secure Funding and Gain Exposure
CryptoHub Launchpad is a newly launched platform that provides streamlined processes for crypto projects to gain exposure, funding, and liquidity. Its goal is to become the leading launchpad in the industry by offering cutting-edge tools and services, including features on prominent blockchain networks.
