Gondi has recently facilitated a significant transaction in the NFT finance sector by originating loans totaling $600,000 USDC against three specific Autoglyphs (#139, #185, #194) owned by Seedphrase, with each loan valued at 200,000 USDC, bearing a 20% APR over a 180-day term. This move has positioned Gondi's escrow wallet as the fifth largest holder of Autoglyphs, now holding a total of 13 Autoglyphs in loans, including the three recent ones from Seedphrase. In a related development in the digital art finance space, an individual named Pablo has secured the largest loan ever against a single piece of digital art, titled 'Crypto is Bullshit' by Beeple, amounting to $400,000. Beeple's work, recognized as a pioneering piece in the digital art evolution, has been highlighted for its significance in the early stages of digital art's mainstream adoption, particularly in the summer and fall of 2020.
"CRYPTO IS BULLSHIT" is my genesis work and the companion piece to the "POLITICS IS BULLSHIT" edition. honored to have this work in pablo's collection as his early contributions to pushing this space forward in summer and fall of 2020 were a huge catalyst for the insanity that… https://t.co/DmZahdaIPp
🙈I've done two bigger deals on grail xcopy 1/1s...in the summer of 2023 https://t.co/m1YnLrcm79
Embarking on a new milestone, I've taken out the largest ever loan against a single piece of digital art: 'Crypto is Bullshit' by @beeple , with a groundbreaking $400,000 loan. This marks another pioneering moment in the journey of digital art and its evolution Reflecting back,… https://t.co/6P0L6SCmS0
Gondi's escrow wallet has now become the 5th largest holder of Autoglyphs! A total of 13 Autoglyphs are currently in a loan on Gondi's escrow wallet, with 3 originating recently from @seedphrase There's a reason why collectors choose to entrust their Grails to @gondixyz 🥂✨ https://t.co/lr8E0Jc3Xz
ICYMI: Gondi facilitated a major loan for three Autoglyphs owned by Seedphrase. The terms: 200,000 USDC each, 20% APR, 180 days. https://t.co/DxK6pYZubs
ICYMI: Gondi facilitated a major loan for three Autoglyphs owned by Seedphrase. The terms: 200,000 UDSC each, 20% APR, 180 days. https://t.co/9BGmUf7odQ
✨ MAJOR LOAN ALERT ✨ $600,000 USDC in loans just originated against 3 Autoglyphs (#139, #185, #194) from @seedphrase Loan terms for each: 200,000 USDC, 20% APR, 180 days Collectors like Seedphrase lead the way in NFT Finance by securing loans on their iconic assets w/ Gondi https://t.co/tGwnD2nrew