SCOOP: Gondixyz allows lenders and borrowers to capitalize on the value of blue-chip NFT collections, such as Bored Apes or CryptoPunks, on the Ethereum blockchain. By shauryamalwa.
Gondi allows lenders and borrowers to capitalize on the value of blue-chip NFT collections on the Ethereum blockchain. Lenders can put up their NFTs on the platform for a fixed rate, while borrowers can use the NFTs as collateral or for use on NFT-based financial applications.
Gondi says that borrowers on its platform only pay interest based on the outstanding loan duration. Moreover, borrowers benefit from instant refinancing, ensuring they always get the best loan terms available, even after having initiated the loan.The seed round for Gondi developer Florida Street was co-led by Alex Pack atand Rodolfo Gonzalez at Foundation Capital, with participation from Dragonfly Capital, Pantera Capital, and 6th Man Ventures, among others.
“We are thrilled to have co-led Florida Street's seed round, and we are excited about the solutions they are bringing to Web3 users.
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