Leading non-fungible token (NFT) marketplace Blur has launched a peer-to-peer perpetual lending protocol called Blend - Blur Lending in collaboration with Paradigm’s Dan Robinson and Transmissions 11. Transactions on the new protocol will be free within the first 180 days. However, fees can be turned on after this period by BLUR token holders via the decentralized autonomous organization’s (DAO) governance. According to its whitepaper, Blend would help unlock liquidity for NFTs by providing loans with fixed rates that never expire. The protocol has other features, such as allowing lenders to liquidate their NFTs anytime, no expiration for borrows as long as the lender is willing to lend, avoiding any Oracle dependencies, etc. Cumulative volume for NFT lending exceeded $1 billion in April, according to Dune analytics data.