CryptoPunk #8348, the only one with seven traits, secured a $2.75 million loan through NFT lending platform GONDI. The loan, with a 20% interest rate and six-month maturity, was taken by NFT collector Seedphrase. Originally bought for 85 ETH in 2020, the Punk has not changed hands since. Seedphrase compared the loan to using a Picasso as collateral, emphasizing the liquidity it provides without losing ownership. This marks GONDI's largest loan, showcasing the growth of NFT lending. CryptoPunks have been popular for loans, with GONDI facilitating a $1 million loan earlier. Seedphrase highlighted the transformative nature of on-chain lending and NFT financing. GONDI supports 70 NFT projects, including CryptoPunks, with the floor price exceeding $100,000 recently. Read more AI-generated news on: https://app.chaingpt.org/news

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