https://techcrunch.com/2021/11/16/south-africas-nftfi-raises-5m-so-people-can-use-their-nfts-as-collateral-for-loans/

Once regarded as a fad (for some, it still is), NFTs, digital assets that depict real-world objects, are becoming increasingly popular within and outside the crypto world.

But with large amounts of capital locked into illiquid NFTs, more people are looking for ways to unlock liquidity without selling their NFTs.