@NFT_GOD is the ๐for being real.
Most big time NFTs are a ponzi and youโre never โinvestingโ, youโre just purchasing.
Technology is the real deal here
Canโt wait til we truly focus on the ways that NFTs can help further innovators and entrepreneurs that bring real value.
Coolest thing I saw on chain this week was a lender giving a stranger a $35,000 loan at 12% APR using a Patek Phillipe as collateral
Borrower sent the watch to an escrow company who then sent back an NFT that represents ownership of the watch
Borrower then listed the NFT on Arcade, accepted the best loan offer on it, and then the NFT was transferred to an escrow wallet until the term is up or the borrower repays
The only way to get the watch back is by burning the NFT so if the borrower defaults the lender can claim the watch
Lender doesn't even have to know the borrowers name, they just have to know that they are the rightful owner of the watch - which is what the NFT does
Sure, you can just go get a loan at your local pawnshop, but tapping into global liquidity versus local liquidity will always eventually land you at the best rate (This market is young so we aren't there yet)
Just the tip of the iceberg for whats to come for proving ownership of Real World Assets using NFTs
Staking is back and will be privatized to an exclusive community. We have come back stronger as one of the most lucrative alpha groups out there. 777 Labs on the rise lfg.