Renowned NFT collector GMoney has taken a seven-figure loan, borrowing $1 million USDC against one of the rarest assets in the PFP (Profile Picture) collection, CryptoPunk 8219.
According to GMoney, he took the loan because he wanted to prove mainstream media, who keep saying NFTs are dead, wrong.
A Seven-Figure Loan To Prove A Point
The loan taken out by GMoney is the largest amount borrowed against an NFT on the Gondi platform. Other major loans include CryptoPunk 9707, with a loan of $150,000, and Autoglyph 327, with a loan of $130,000. Speaking on Rug Radio’s Live FOMO Hour show, GMoney talked about an article published in Rolling Stone that said NFTs are worthless. This, he said, made him think how better to prove them wrong than taking a million-dollar loan against an NFT.
“Here we are, four or five months removed from an article in Rolling Stone saying that NFTs are worthless. And so I was like, ‘Well, what better way to show that these are not worthless if I can get
We współpracy z: https://cryptodaily.co.uk/2024/02/gmoney-borrows-1m-usdc-against-iconic-cryptopunk-8219
