Stablecoin Protocol Abracadabra to Launch Peer-to-Peer NFT Lending Marketplace AbraNFT

Stablecoin protocol Abracadabra announced the launch of AbraNFT, a peer-to-peer NFT lending marketplace that allows users to open time-based MIM borrowing positions using NFT as collateral. To start, only bluechip collections like BAYC, Azukis and Cryptopunks will be available on AbraNFT. In addition, part of the fees collected by AbraNFT will be redirected to sSPELL and mSPELL fee distribution mechanics.