TechFlow reports that NFT marketplace Blur has unveiled a new feature allowing users to borrow ETH and repay loans in installments rather than paying the full amount at once.
The feature applies to NFTs purchased via "Buy Now, Pay Later" (BNPL) as well as directly borrowed NFTs. If a loan is called, users can extend the loan by paying a fee as low as 0.1 ETH instead of immediately repaying the entire balance. This can also be used to refinance loans for better interest rates.
Previously, it was reported that Blend, Blur's NFT lending protocol, will add support for two additional NFT collections: Otherdeeds and Bored Ape Kennel Club.
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