Blockchain Magazine’s Post

💰💥 $2.75 Million Loan Taken Against One-of-One CryptoPunk NFT In a groundbreaking move, a CryptoPunk holder has secured a $2.75 million loan by using a one-of-one CryptoPunk NFT as collateral—marking one of the largest on-chain loans in history! 🚀 This highlights the growing potential of NFTs as collateral assets in decentralized finance (DeFi). The transaction further reinforces NFTs' role as valuable digital assets with real-world financial applications. Could this be the future of lending in the crypto space? 💬 Share your thoughts below! #NFTs #CryptoPunk #DeFi #Blockchain #NFTLending #DigitalAssets

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