Borrow NFT

Background

NFT market has long been a “perma-bull” market since it caught major market adoption and attraction from crypto community since late 2019. Blue-chip collections such as CryptoPunks saw 10,000x increase if not more at their peak. However, as crypto as whole goes deep into a bear market, NFT also saw huge (and very sudden) drops, including blue-chip collections like Azuki, Bored Ape Yacht Club etc. This is an ideal market for short sellers to profit from shorting NFT if shorting as a function is offered.