Here is some of what’s inside today’s curated NFT news collection:
Bored Ape Yacht Club thefts on OpenSea, Gondi’s successful funding round, the all-time low of ApeCoin, the spike in Bitcoin NFT interest, and a unique instance of a luxury watch-backed NFT used as collateral for a loan.
🦍 Bored Ape Thefts: Counterfeit OpenSea Result Charges: In a world where digital art is king, it seems even the king isn’t safe. Bored Ape Yacht Club, one of the most prestigious NFT collections, has been hit with a wave of thefts and counterfeits on OpenSea. The platform is working tirelessly to rectify the situation, but it’s a stark reminder that even in the digital realm, security is paramount.
💰 Gondi, the NFT Lender, Raises $5.3M: Gondi, the NFT lending protocol, has successfully raised a $5.3 million seed round led by Hack.vc. The platform allows lenders and borrowers to capitalize on the value of blue-chip NFT collections on the Ethereum blockchain. With instant refinancing and flexible loan terms, Gondi is set to revolutionize the NFT lending market.
📉 ApeCoin Crashes to All-Time Low: ApeCoin, the crypto token associated with Yuga Labs’ Bored Ape Yacht Club, has hit an all-time low of $1.85. The token has fallen nearly 93% from its peak, reflecting the current struggles in the NFT market. Despite the downturn, ApeCoin’s market cap still mirrors that of other metaverse projects, showing that there’s still faith in the monkey business.
📈 Bitcoin NFT Interest Spikes Again: Bitcoin Ordinals NFT activity is on the rise, crossing 350,000 daily inscriptions. This surge in activity comes after the unveiling of the Bitcoin Request for Comment (BRC)-69 token standard by Ordinals launchpad Luminex. The NFT space continues to evolve, and Bitcoin is not being left behind.
⌚ Luxury Watch-Backed NFT Used as Collateral for a Loan: In a unique twist on DeFi lending, a borrower has used an NFT representing a Patek Phillipe luxury watch as collateral for a $35,000 loan. The NFT was listed on the DeFi lending protocol Arcade, and lenders pitched their offers to the borrower. This innovative use of NFTs could open up new possibilities for asset-backed lending in the DeFi space.