NFT Lending: The Good, The Bad, and The Ugly | #185
The Milk Road Show
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The Future of NFTs
"I think that taking a loan against a non-fungible thing is not a bad idea," says Blur Azenas. "Why shouldn't I be able to take it alone against my and use my car as collateral or my home as collateral, right?" But most NFTs are neither a house or a car; they're just PFPs with promises of potential metaverse content. It's trying to get a loan to buy a so-ho membership.
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