NFT lending volume has plummeted by 97% since January 2024.
Pairing NFTs with real-world assets could help revive the declining sector, according to analyst Sara Gherghelas.
The report emphasizes the need for smarter lending protocols, under-collateralised models, and AI-driven risk tools to reignite interest in NFT lending.
The market is in a holding pattern, waiting for a market recovery or new use cases to spark interest in NFT lending.