A record-breaking loan has been initiated on the NFTfi platform Gondi, using the only 7-trait CryptoPunk as collateral for a $2.75 million loan.
Punk 8348, owned by investor Daniel “Seedphrase” Maegaard, is the collateral for the multi-million dollar loan, which is now the “single largest on-chain loan against any NFT in history,” according to lending platform Gondi.
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#undefined [Source: TheDefiant]