According to Foresight News, according to The Block, Binance has launched an NFT mortgage lending function on its NFT market, enabling users to use NFTs as collateral to borrow cryptocurrencies. The Binance NFT market currently supports borrowing Ethereum with mortgaged blue-chip NFTs, such as BAYC, MAYC, Azuki, and Doodles. A Binance NFT spokesperson said that more cryptocurrencies and NFTs will be supported later. The current interest rate for NFT loans is 7.91%, and the loan-to-value ratio is between 40% and 60%, with no gas fees or Ethereum transaction fees.