As of 11:00 (UTC) 2023-05-26  NFT owners can mortgage NFTs to borrow ETH on Binance NFT

Benefit:

  • Instant liquidity

  • No gas waste

  • protect liquidity

  • Competitive interest rates

List of NFT sets allowed for collateral

  • Bored Ape Yacht Club (BAYC)

  • Mutant Ape Yacht Club (MAYC),

  • Azuki

  • Doodles

Recently, Blur also launched an NFT lending platform called Blend and now Binance NFT also launched NFT lending, is this the next wave?