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Someone Borrowed $1.3M in Ethereum Using Mutant Ape NFTs as Collateral

The NFT loan business has so far survived the bear market, as collectors find new ways to capitalize on their JPEGs.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Someone Borrowed $1.3M in Ethereum Using Mutant Ape NFTs as Collateral
The NFT loan business has so far survived the bear market, as collectors find new ways to capitalize on their JPEGs.

Why this matters

This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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