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According to data sourced from user @beetle from Dune Dashboard, nonfungible token (NFT) marketplace Blur has facilitated 8,820 Ether, or roughly $16.37 million, in loans through perpetual NFT lending protocol Blend one day after its launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for loans, which was developed in conjunction with venture capital firm Paradigm.

#nft #web3 #metaverse #ai #blockchain #defi #tech #crypto