NFT Lending Protocol JPEG'd to Launch on April 27th with Cryptopunks Supported

NFT lending protocol JPEG'd announced that the protocol will launch on April 27th. The first supported collection will be Cryptopunks with a $5m debt ceiling. One week later, the debt ceiling will be increased to $10m. JPEG'd allows NFT holders to use their NFTs as collateral to borrow $PUSd while still retaining ownership. Users will be able to borrow up to 32% of the floor price in $PUSd.