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Blur, a prominent NFT marketplace, has launched its new Blend protocol, enabling NFT lending and a Buy Now, Pay Later feature. This allows traders to purchase NFTs without paying the full cost upfront, with the option to repay later or sell the asset if its value increases. The Borrowers can now use their NFTs as collateral to obtain loans from individual lenders. While initially supporting three NFT collections, the Blend protocol allows for any asset to be used as collateral. Despite the release of these new products, Blur's native token, BLUR, has experienced a decline in value. The Blend protocol differentiates itself from other NFT lending projects by not relying on oracles and by utilizing a peer-to-peer model.