Gondi Launches NFT Lending Protocol After $5.35M Seed Round
Gondi, a non-fungible token (NFT) lending protocol, has gone live after raising a $5.35 million seed round. The round was led by Hack.vc and included participation from Foundation Capital, Dragonfly Capital, Pantera Capital, 6th Man Ventures, and others.
Key Points:
– Gondi allows lenders and borrowers to leverage the value of blue-chip NFT collections on the Ethereum blockchain.
– Lenders can offer their NFTs on the platform at a fixed rate, while borrowers can use the NFTs as collateral or for NFT-based financial applications.
– Borrowers on Gondi only pay interest based on the outstanding loan duration and can benefit from instant refinancing to get the best loan terms.
– Borrowers can use their NFT assets as collateral to request a loan from the open market.
– Notable NFT collections like CryptoPunks, AutoGlyphs, Bored Ape Yacht Club, Chromie Squiggle, and Fidenza have partnered with or been whitelisted on Gondi.
Hot Take
Gondi’s launch of its NFT lending protocol is a significant development for the NFT market. By allowing users to leverage the value of their NFT collections, Gondi provides a new avenue for accessing affordable credit. The platform’s instant refinancing feature ensures that borrowers always get the best loan terms available. With notable partnerships already in place, Gondi is poised to become a key player in the growing NFT lending market.
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