Research Summary
The report provides a monthly coverage of NFTs and the metaverse. Blend captured 93% of the NFT borrow volume market share in May, facilitating over 45.4k loans totaling $650M in volume. Nike Virtual Studios announced a collaboration with EA Sports Games to launch immersive experiences via .SWOOSH NFTs. The research also highlights Spice Finance’s new innovations to lower the entry barriers to NFT lending.
Actionable Insights
- Monitor NFT Market Trends: Blend captured a significant portion of the NFT borrow volume market share in May. Monitoring such trends can provide insights into the dynamics of the NFT market.
- Track Collaborations: Nike Virtual Studios announced a collaboration with EA Sports Games to launch immersive experiences via .SWOOSH NFTs. Such collaborations can lead to new opportunities in the NFT space.
- Consider Innovations in NFT Lending: Spice Finance’s new innovations are aimed at lowering the entry barriers to NFT lending. These innovations can provide more accessible opportunities for participation in NFT lending.
