According to data sourced from user @beetle from Dune Dashboard, nonfungible tokens (NFT) marketplace Blur has facilitated 8,820 Ether (ETH), or roughly $16.37 million, in loans through its perpetual NFT lending protocol Blend one day after launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for loans, which was developed in conjunction with venture capital firm Paradigm.

Together, the Azuki, Wrapped CryptoPunks, and Milady NFT collections represent the largest collateral, with over 8,000 ETH worth in market value pledged. The top Blur lender, who has issued 58 loans worth 1,180 ETH, is Taiwanese celebrity Jeff Huang, also known as Machi Big Brother.

A prominent figure in Taiwan's music industry, Machi Big Brother is also an avid collector of the Bored Ape Yacht Club (BAYC) NFT series. Machi was one of the biggest recipients of the Blur token airdrop in February and reportedly sold 1,010 NFTs within 48 hours on Feb. 25 in the "largest NFT dump ever."

(by Zhiyuan Sun)