Blur Introduces a New Peer-to-Peer Lending Protocol Blend

Blur, the NFT marketplace, has launched a new peer-to-peer lending protocol called Blend. The platform will allow traders to maximize NFT liquidity by allowing buyers to put up collateral for their NFT purchases.

This will enable new buyers to enter the ecosystem who were previously priced out of expensive collections like Bored Ape Yacht Club and CryptoPunk NFTs. The platform will allow collectors to apply the same principles to NFT markets as home buyers put a down payment on a property and then pay a mortgage.

The product was created in collaboration with Dan Robinson, head of research at venture capital firm Paradigm and investor in Uniswap version (v)3, alongside pseudonymous research associate Transmissions. Paradigm is the lead investor in Blur.

According to an announcing Twitter thread, Blend will have no fees for traders or lenders.