Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

Nexo to Offer Loans for Bored Ape and Cryptopunks NFT Collateral

NFTs have become a big deal in 2021 and a billion-dollar industry almost overnight. Popular collections like the Bored Ape Yacht Club (BAYC), Cryptopunks, and Meebits have sold for hundreds of thousands and even millions of dollars per NFT. This week, the blockchain-based lending platform Nexo has revealed a lending desk dedicated to offering liquidity to NFT owners who use their NFTs as collateral.

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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs