Arcade Launches NFT Lending Platform as Blue Chips Hold Strong

Arcade says it currently has more than $15 million locked up in blue chip NFTs and $6 million in loan volume, with average loans being around $350,000, a representative told CoinDesk. (Blue chip NFTs are considered to be those among the highest valued in the market, like Bored Ape Yacht Club, CryptoPunks or Doodles.)