NFT marketplace Blur has announced a new feature on Twitter that allows users to borrow $ETH and repay the loan in small increments over a period of time, rather than all at once.
This applies to both NFTs purchased using "buy now, pay later" (BNPL) and NFTs borrowed directly. If the loan gets recalled, users can extend the loan term by paying down as low as 0.1 $ETH, instead of immediately repaying the full amount. This can also be used to refinance the loan for better interest rates.
TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email firstname.lastname@example.org. Your trust will be well respected.