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The non-fungible token lending market, once seen as the only sector that could have rescued the global non-fungible token market from the liquidity crisis and market stabilization, is in a critical state right now, with reports indicating that the sector is down over 95% from its peak season in 2024. In this article, we shall explore in depth what went wrong as well as what can be done to rescue this dying sector. NFT Lending Falls 97% From ATH Data compiled by DappRadar.com, an on-chain crypto market data aggregator and non-fungible token explorer, shows that the non-fungible token lending volume has plummeted by 97% since its all-time high in January 2024. It has fallen from nearly $1 billion to just over $50 million as of May 2025. During this period, the number of liquidity borrowers has fallen by 90% while the number of lenders has fallen by 78%. 📉 Volume momentum is gone From nearly $1B to just $50M in May 2025, loan volume has collapsed. Without incentives and w...

Sriram Krishnan said that “the world of social media is stuck in a different era, and things need to change.” An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms.  During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social media is stuck in a different era, and things need to change.” The executive said that his goal in the presentation was to convince the audience that “now is the moment to build large-scale crypto consumer social media marketplace applications.” Sriram Krishnan at the EthCC event in Paris. Source: EthCC Livestream Krishnan, who also worked on prominent social media companies like Meta and Twitter, highlighted some common points that modern social media platforms are current...

Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities. Sony Interactive Entertainment, the video game goliath running the PlayStation brand, filed a patent for a framework allowing users to transfer and utilize nonfungible tokens (NFTs) across multiple game platforms.  Over several years, Sony’s interest in crypto has been evidenced by numerous partnerships and trademark registrations. Adding to this list, Sony filed a patent titled “ NFT framework for transfer ring and using digital assets between game platforms .” Snippet of Sony’s NFT framework patent filing. Source: patentscope.wipo.int Sony’s NFT framework aims to integrate NFTs into gameplay, wherein the technology can represent skins and other popular in-game functionalities. Summarizing the patent, the abstract explained the intended features: “Responsive to the determination, the NFT is provided to the first end-user entity so that the digi...