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As cryptocurrencies are mired in bearish sentiment, NFTs are bucking the trend amid broad adoption. NFT-backed loans, which allow holders to use their NFTs as collateral, have become more popular too. Arcade’s Gabe Frank shares the steps for borrowing against your NFTs and how traders use the loans. After a recent slump in performance, cryptocurrencies […]

Meta Platforms (FB Quick QuoteFB – Free Report) owned Instagram is planning to enter the fast growth non-Fungible token (NFT) space. Per a recent article from FXEMPIRE, which cited CEO Adam Mosseri’s Twitter (TWTR Quick QuoteTWTR – Free Report) feed, Instagram is actively exploring NFTs and how to make them more accessible to a wider […]

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs. Nexo to Offer Loans for Bored […]

The star of the Matrix trilogy, Keanu Reeves does not want Metaverse to be invented by Facebook, because he believes that the entire concept is way older. In a recent interview with The Verge, which touched on technology topics like NFTs and the metaverse, Reeves said, “Can we just not have metaverse be like invented […]