There are several such platforms that facilitate loans against NFTs, including NFTfi and Pawnfi. Masiello said Arcade's competitive edge is that it allows multiple NFTs to be included in a bundle to acquire a single loan through a wrapped asset called wNFT. This helps with lower gas fees since there is a single loan transaction instead of multiple ones, he added.

https://www.theblockcrypto.com/post/128353/nft-lending-platform-arcade-raises-15-million-in-series-a-funding