Dear Bankless Nation,

More shots have been fired in the ongoing battle between NFT marketplaces OpenSea and Blur, with the latter launching an NFT lending platform. Kouros provides an overview.

We’re back with another Decentralized Arts Drop in collaboration with web3’s mostly credible news source, The Rug, the third in a series of four digitized Rugstradamus lithographs. nonsense provides the alpha.

Chippi reveals their all in on crypto and DustyEye continues their saga in wrangling the Legion of 444.

Welcome to Decentralized Arts.

Contributors: BanklessDAO Writers Guild (Grendel, Kouros, Kaf, nonsensetwice, Frank America)

This is the official NFT newsletter of BanklessDAO. If you were a Premium Member of the Bankless Newsletter as of May 1st, 2021, you have been subscribed to this newsletter at launch. To unsubscribe, edit your settings here.

Curated NFT News

Blur Launches NFT Lending Protocol

Blur, the leading NFT marketplace by trading volume, has launched a peer-to-peer lending platform called Blend. The platform will allow collectors to buy blue-chip NFTs with a smaller upfront payment, similar to a down payment on a house. The protocol connects lenders and borrowers and enables them to specify the terms such as the interest rate, and acceptable collateral. The loans offered through Blend are perpetual, have a fixed rate, and enable the borrower to pay the debt at any point.

The lending features initially support three NFT collections – CryptoPunks, Azuki, and Milady – but the Blend protocol allows for any asset to be collateralized.

With Blend, lenders can trigger a refinancing auction at any time. They would typically do so if an NFT’s price falls, increasing the risk of the loan becoming undercollateralized, or if they simply need the money back. Bankless HQ’s William Peaster has gone into Blend detail in this week’s Metaversal.

d’ART DROPS

Weekly art drops done in collaboration with up and coming NFT artists, for the Bankless community, presented by Decentralized Arts.

By nonsense

This is the third of four digital assets that serve as a reproduction of recently revealed lithographs from the mysterious—and some may call him infamous—Rugstradamus, produced and made available to the Bankless community in collaboration with The Rug. From The Rug:

In this third Lithograph by Rugstradamus he asks the infamous age old question while also pointing out that it is not in fact a question. This prescient pre-Shakespearean statement leaves no doubt as to what to do with your bags, anon.

This is available now, for the next seven days, via Rarible. Grab your edition today, before they drop off or sell out. 70% of each sale will go to The Rug and their contributors, 5% will go to the DA and bDAO collaboration with ThriveCoin, 10% will be returned to BanklessDAO, and 15% will be retained by Decentralized Arts.

As a special incentive with regard to this collaboration, collectors who mint all four lithographs will be able to exchange them for a Warhol-style Super NFT. Collect them all and don’t miss out on this feature!

Chippi Corner

By Perchy

THE LEGION OF 444 – Part 15

Nanda Vigo Experience

Dear BanklessDAO Readers,

in the night between Thursday 20 April 2023 and Friday, from 6PM to 10AM, the spokesperson for the DustyEye project slept and worked in Nanda Vigo's Rainbow bed, exhibited in the shop window of XX Secolo Thematic Archives, in Via Gorani 8 in Milan.

Sixteen intense hours, within which eight demons of the Legion were put at ease in safer supports. A detailed time report of the night will be provided in the next issue, but for this week it's better to start with thanks to all the Friends who came to say hello and contributed to the dream journey.In chronological order: Allegra Ravizza, Jenny Filippetti, Grendel, Peugenia, Teo, Vincenzo Bordoni, Empat, De la Vega, Tommy and Simo. Thank you!

…see you next week,
Dusty Eye
______________________
WEB: www.DustyEye.com
IG: @DustyEye_DE
TWITTER: @Dusty_Eye

PostScript & Acknowledgements

Decentralized Arts is written and produced by a small team of contributors who are passionate about art, both visual and written, and its growing place in crypto and NFTs. With each edition, we aim to bring you not only the most current and relevant news in the NFT space, but also explorations in what it means for our culture and societies for this market to continue to grow and expand. When everyone is an owner of art, we all gain a deeper appreciation for it.

If you enjoy reading this newsletter, please share it with someone who you think will appreciate the content. We also welcome suggestions via our feedback form.

With great appreciation for you, we thank you for reading and subscribing to Decentralized Arts.

Cordially,
Grendel, Kouros, Kaf, nonsensetwice, and Frank America