According to the Daily Planet, NFT analyst TylerD posted on the X platform that 9dcc founder gmoney recently used Ape Cryptopunk (and PFP) as collateral to obtain a $1 million loan on Gondi. The loan term is 180 days and the interest amount is approximately $69,029 (ARP is 14%). TylerD said that this loan transaction is likely to be the largest NFT loan in history, and it is not clear what the gmoney loan is for.
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9dcc founder gmoney uses NFT to obtain a $1 million loan
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