Gondi Secures $600K Loans on Autoglyphs at 20% APR; Record $400K Loan on Beeple's Art

Gondi has recently facilitated a significant transaction in the NFT finance sector by originating loans totaling $600,000 USDC against three specific Autoglyphs (#139, #185, #194) owned by Seedphrase, with each loan valued at 200,000 USDC, bearing a 20% APR over a 180-day term. This move has positioned Gondi's escrow wallet as the fifth largest holder of Autoglyphs, now holding a total of 13 Autoglyphs in loans, including the three recent ones from Seedphrase. In a related development in the digital art finance space, an individual named Pablo has secured the largest loan ever against a single piece of digital art, titled 'Crypto is Bullshit' by Beeple, amounting to $400,000. Beeple's work, recognized as a pioneering piece in the digital art evolution, has been highlighted for its significance in the early stages of digital art's mainstream adoption, particularly in the summer and fall of 2020.