CryptoMediaClub
Sunday, June 22, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Blur NFT lending surpasses $16M in loans, led by Machi Big Brother

03.05.2023
A A
0
126
VIEWS
ShareShare

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.

Together, the Azuki, Wrapped CryptoPunks and Milady NFT collections represent the largest collateral, with over 8,000 Ether (ETH) worth in market value pledged. The top Blur lender, who has issued 58 loans worth 1,180 ETH, is Taiwanese celebrity Jeff Huang, also known as Machi Big Brother.

A prominent figure in Taiwan's music industry, Machi Big Brother is also an avid collector of the Bored Ape Yacht Club NFT series. Machi was one of the biggest recipients of the Blur token airdrop in February and reportedly sold 1,010 NFTs within 48 hours on Feb. 25 in the "largest NFT dump ever."

There are 846 active loans on the platform at the time of publication, with eight refinancing events. As a perpetual lending protocol, Blend automatically extends the duration of loans at expiry, assuming neither the borrowing nor lending party objects. Loans can also be refinanced or held at Dutch auction in case of interest rate changes. Protocol developers claim that Blend charges neither borrowing nor lending fees, but only interest.

PSA
Blur fees by protocol:
Blur Marketplace: 0% fees for traders
Blur Lending (Blend): 0% fees for borrowers and lenders
Note that borrowers still pay interest on loans based on what lenders offer. 100% of that goes to the lender.

— Blur (@blur_io) May 2, 2023

Last year, NFT lending protocols fell into disarray after a crypto bear market caused many collectibles to become illiquid, some of which had no bids at all. One protocol, BendDAO, had as little as $23,715 to pay back lenders at the time after facilitating more than 15,000 ETH in loans.

Magazine: Nonfungible Tokens, The Quick Guide

Share10Tweet6ShareSharePin2

Related Posts

TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain
Blockchain

TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain

20.06.2025
0

Skip to content

Read moreDetails
Tether CEO Demands Ditching Cloud After Gigantic 16 Billion Password Data Breach

Tether CEO Demands Ditching Cloud After Gigantic 16 Billion Password Data Breach

20.06.2025
Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study

Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study

13.06.2025
Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

12.06.2025
Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

10.06.2025
Load More
Next Post

Biden Administration Pushes Congress to Pass 30% Tax on Bitcoin Mining

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

OKX Announces Termination of Accounts Linked to Tornado Cash to Uphold Compliance

OKX Announces Termination of Accounts Linked to Tornado Cash to Uphold Compliance

11 months ago
Ex-Financial institution of England Economist Says Digital Pound is a ‘White Elephant,ʼ Expensive and Ineffective

Ex-Financial institution of England Economist Says Digital Pound is a ‘White Elephant,ʼ Expensive and Ineffective

4 months ago
Bitcoin Mining’s Green Revolution: A Catalyst for Institutional Investment

Bitcoin Mining’s Green Revolution: A Catalyst for Institutional Investment

2 years ago

Visa Successfully Completes Digital Hong Kong Dollar Pilot Program

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ethereum Price Prediction: Iran Attacks Send ETH Price Plunging 5% – Key Levels to Watch

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership

ChatGPT’s 42-Signal AI ETH Price Forecast Suggests Consolidation with Breakout Potential

Uber Races Into AI Data Labeling as Meta’s $14.8B Scale Deal Sparks Mass Defections – Who’s Next?

Crypto Price Prediction Today 20 June – XRP, Pepe, Dogecoin

Solana Price Analysis: Analysts Say SOL ETF Approval Is “Near-Lock” – What Does This Mean for the $200 Target?

Trending

Jan3’s Mow Believes France Could Lead Bitcoin Nation-State Adoption in Europe
All news

Jan3’s Mow Believes France Could Lead Bitcoin Nation-State Adoption in Europe

22.06.2025
0

Samson Mow, founder of Bitcoin infrastructure firm Jan3, is eyeing France as a potential leader in Bitcoin...

Bitcoin Price Prediction: Already Down, Iran Attacks Send BTC Price to $102,760 – Buy the Dip?

Bitcoin Price Prediction: Already Down, Iran Attacks Send BTC Price to $102,760 – Buy the Dip?

22.06.2025
XRP Price Prediction: Iran Attacks Deepen Month-Long Slide – Is a $2.00 Test Inevitable?

XRP Price Prediction: Iran Attacks Deepen Month-Long Slide – Is a $2.00 Test Inevitable?

22.06.2025
Ethereum Price Prediction: Iran Attacks Send ETH Price Plunging 5% – Key Levels to Watch

Ethereum Price Prediction: Iran Attacks Send ETH Price Plunging 5% – Key Levels to Watch

22.06.2025
ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership

ChatGPT o3’s 38-Signal AI ADA Price Forecast Reveals Oversold Bounce Potential Amid Ford Partnership

22.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz