Jack Butcher's Checks NFT Sells for $37K on Gondi Platform
Jack Butcher's Checks NFT Sells for $37K on Gondi Platform
💰 Jack's Check Cashed
Checks #658 by @jackbutcher sold for 37,000 USDC on the Gondi lending platform yesterday.
The sale highlights the continued demand for Butcher's limited edition digital art series. Only 250 single checks will ever be created, with just 83 currently in existence.
This follows previous activity where Checks NFTs have been used as collateral for loans on Gondi, including a $40,000 USDC loan against Checks #235 in July.
The scarcity factor - with only 33% of the total supply currently minted - appears to be driving both sales and lending activity for the collection.
🎠Borrower Wakes Up
**GONDI Protocol Delivers Automatic Loan Refinancing** A borrower with a 180,000 USDC loan backed by a CryptoPunk NFT received an **automatic rate reduction** from 12.13% to 10.9% APR without taking any action. **Key Features:** - No banks or traditional intermediaries required - **Seamless refinancing** happens automatically - Borrower simply "woke up to a lower rate" **Market Impact:** GONDI continues building infrastructure to scale digital art lending to match traditional art lending markets. **Lower APRs** are essential for this growth. This represents the second refinancing for this particular loan, previously dropping from 13.49% to 12.13% in November.
CryptoPunk Sold for 31 ETH Using GONDI's Purchase Bundler Financing
A **CryptoPunk with handlebar and classic shades** sold for 31 ETH through GONDI's Purchase Bundler system. **How the transaction worked:** - Buyer paid 13 ETH upfront - Secured 18 ETH collection loan to complete purchase - Seller received full 31 ETH payment - Lender now holds the punk loan This demonstrates GONDI's **Purchase Bundler** feature, which allows buyers to acquire expensive NFTs with partial upfront payments by combining their ETH with active lending offers. The system enables NFT purchases with significantly lower initial capital requirements while providing lending opportunities for others in the ecosystem.
🎨 Beeple's REGULAR ANIMALS Collection Now Available on GONDI NFT Lending Platform
**Beeple's latest NFT collection** REGULAR ANIMALS is now whitelisted for trading and lending on the GONDI platform. **Key Details:** - Collection available for immediate acquisition - **Minimum down payment**: 4.26 ETH when using Purchase Bundler loan - Full trading and lending functionality enabled This marks another major artist addition to GONDI's lending ecosystem, following previous Beeple collections like *Uncertain Future*. **Access the collection**: [GONDI Regular Animals](http://gondi.xyz/collections/regular-animals-123468438)
Botto Genesis NFT Secures 34 ETH Loan on GONDI Protocol
**Cold Setting**, one of 54 works from the Botto Genesis collection, secured a new loan on the GONDI lending protocol. **Loan Details:** - Principal: **34 ETH** (~$106,000) - Interest rate: **14% APR** - Origination fee: 0.17 ETH - Duration: **30 days** This marks another significant NFT-backed loan on GONDI, following previous notable transactions like XCOPY's Fresh Hell collection loan of 25 ETH at 24% APR. GONDI operates as a decentralized, non-custodial NFT lending protocol that enables continuous underwriting and refinancing options for both borrowers and lenders.
Fidenza #593 Sells for 110,000 USDC via GONDI's Sell & Repay Feature
**Major NFT Sale on GONDI** Fidenza #593 sold for **110,000 USDC** using GONDI's innovative Sell & Repay feature. The artwork was secured by a **100,000 USDC loan** at the time of sale. **How Sell & Repay Works:** - Borrower lists NFT for sale while loan is active - Sale proceeds automatically repay the loan - Lender receives principal + interest - Seller keeps the profit **Recent GONDI Activity:** - GIGACHAD #74/100 by Beeple: 56,000 USDC sale - Grifter #505: 40,000 USDC sale - Multiple CryptoPunk refinancing with lower APRs GONDI continues to demonstrate **NFT liquidity reimagined** - enabling seamless transactions that benefit all parties in the ecosystem.