Blue-Chip NFTs Hit GONDI Marketplace

**Major XCOPY Loan Activity** XCOPY's *MORTAL* (edition of 10, minted August 2020) secured a **225,000 USDC loan** on GONDI with: - **180-day duration** - **22% effective APR** This continues a pattern of significant XCOPY artwork financing on the platform, following recent loans on *THE FUD* (55 ETH), *Gobble* (20,000 USDC), and *Bad Flavour* (300,000 USDC). **Recent GONDI Activity:** - CryptoPunk #1035 acquired for 27 ETH using Purchase Bundler - Ether Rock #98 received 110,000 USDC loan - Platform supports top-tier NFTs with fixed terms and no oracle-based liquidations

GONDI has integrated Crypto Skulls, a 10,000-piece PFP collection from 2019, following community requests. **Key Features:** - Users can now borrow and lend against Crypto Skulls using USDC or ETH - Full buying and selling functionality available on the platform - Adds to GONDI's growing roster of supported NFT collections The integration expands GONDI's NFT lending marketplace, allowing holders of this legacy collection to access liquidity through their digital assets.

**Sam Spratt's *Simplified Encryption* sold for 400,000 USDC** through a purchase bundler arrangement. **Loan Details:** - Principal: 180,000 USDC - Duration: 1 year - APR: 16% - Origination fee: 8,862 USDC The sale demonstrates continued activity in the NFT lending market, where buyers can leverage financing to acquire high-value digital art pieces. This follows Spratt's previous work *Simmer of the Solo Man*, which secured a $15,000 loan at 20% APR for 30 days.

A notable NFT swap occurred on the Gondi platform involving Quine digital collectibles. **Trade Details:** - Quine #49 plus 3.80 WETH exchanged for Quine #110 - Quine #110 is one of only 15 "Perfect Quine" pieces in existence This transaction highlights continued activity in the rare Quine collection, which features algorithmically generated art with unique mathematical properties. The trade structure demonstrates Gondi's peer-to-peer NFT exchange capabilities beyond traditional lending.

**NODE's recent weekend event** has been celebrated as a transformative moment for digital art, bringing together the community to explore the concept of networked art - pieces that exist and evolve through decentralized networks rather than traditional institutions. **Key highlights:** - The event showcased how digital art can transcend physical museums through network-based preservation - NFTfi and other protocol teams participated in supporting this evolution of the digital art space - The gathering emphasized collaborative approaches to making art more accessible and permanent **What is networked art?** Unlike traditional art confined to galleries, networked art leverages decentralized infrastructure to ensure longevity and accessibility. This approach challenges conventional notions of art preservation and ownership. The weekend represents a significant step forward in establishing new frameworks for how digital art is created, shared, and preserved in the web3 ecosystem.