RSS Feed
October 17th, 2021 
Awake Goy 
NFTs are easily the craziest financial phenomenon I’ve ever encountered.
Via: Vice:
In the ongoing speedrun to turn everything into a non-fungible token, savvy traders and entrepreneurs have recently taken a few steps to squeeze more investment opportunities out of their JPEGs.
Case in point: it’s now a thing to take out a loan and offer up an NFT as collateral. Take NFTFi, a peer-to-peer lending platform described by Coindesk as a “pawn shop for NFTs.” The core premise is that you can mortgage your NFT in exchange for other crypto that can be sold for cash while keeping your NFT safe—if you can repay the loan.
Related:
Someone Actually Paid $1.3M for an NFT Cartoon Rock
MekaVerse Reaches $60M In Mystery NFT Sales
Related posts:
Hillary Clinton: ‘People Who Identify as Women Are Being RAPED by Man-Made Climate Change’
Gulf sovereign wealth funds eye Israel, but need time to make their first moves
Go On Then! Show Me the Evidence That More People Are Dying! Content Worth Considering
Brazilian President Confronts WHO Chief: ‘People Are Dying After the Second Dose’
People Don’t ‘Trust the Science’ Because Too Many Scientists Are Liars With Agendas
Real Food Is a Potent Ally Against Depression
Posted in 
Tags: 
