๐#OTC Market is on the way!๐
Want to know more? We prepared a detailed article for you ๐
https://t.co/zU3HHM32Mv
2 people who Like & RT this post will each win 500 $PROTO ๐ฐ
- The loan has an APR of 10% and a 30-day duration.
- It was facilitated by MetaStreet on peer-to-peer lending platform @NFTfi
Now that adds another dimension and utility to the jpegs ๐!
NFTs as collateral for credits?
An anonymous borrower took out an $8 million loan collateralised by their collection of 101 CryptoPunks (they are worth $20 million). ๐
This project is a success because it highlights the idea that owning an NFT entitles you to membership in an exclusive club with additional perks hardcoded into the smart contract it is written in. It opens up opportunities for businesses to kick start without VCs!
1/ Russia can't & won't use crypto to evade sanctions.
Concerns about crypto's use for sanctions evasion are totally unfounded. They fundamentally misunderstand:
- how sanctions work
- how crypto markets work
- how Putin is actually trying to mitigate sanctions
I'll explain ๐งต
@blockworks A lot of Russian citizens do not identify with the war, so freezing these accounts wouldn't be fair.
Crypto's aim is to provide an unbiased access to financial systems, and that comes with pros and cons.
@PixieKittie_@blockworks That is true! Also: Will be interesting if they will add smart contracts to handle the transaction. Otherwise you have to trust the seller that he will transfer the NFT to you ๐
@milesdeutscher Hey @milesdeutscher , thanks for the awesome content! Really appreciate it. Small question: You were very bullish on @ProtoFiProtocol, and I don't see it on your list. Do you think the project isn't good anymore?