{"id":605103,"date":"2024-11-27T16:28:32","date_gmt":"2024-11-27T16:28:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=605103"},"modified":"2024-11-27T16:29:37","modified_gmt":"2024-11-27T16:29:37","slug":"nft-investor-seedphrase-takes-2-75m-nft-loan-against-his-punk-8348","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/nft-investor-seedphrase-takes-2-75m-nft-loan-against-his-punk-8348","title":{"rendered":"NFT Investor Seedphrase Takes $2.75M NFT Loan Against His Punk #8348"},"content":{"rendered":"

Seedphrase, a renowned crypto, and non-fungible token investor, has taken a $2.75 million loan on premier NFT lending protocol Gondi using his CryptoPunks #8348 non-fungible token as collateral. This NFT loan is the largest single on-chain NFT loan ever since the evolution of the NFT lending market. The loan shows that NFTs can now be considered viable financial instruments.<\/p>\n

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I just made the largest on-chain loan in history with CryptoPunk #8348 for $2.75M on @gondixyz<\/a> 🎩<\/p>\n

This move underscores how NFTs like CryptoPunks are evolving from cultural artefacts to dynamic financial instruments, resulting in a transformative shift in how we think about… pic.twitter.com\/FhxEA4LbGn<\/a><\/p>\n

— seedphrase (@seedphrase) November 27, 2024<\/a><\/p><\/blockquote>\n