NFT lending protocol Gondi's developer Florida Street completes $5.3 million financing, led by Hack.vc

ChainCatcher news, according to CoinDesk, the NFT lending protocol Gondi's developer Florida Street has completed a $5.3 million seed round financing, led by Hack.vc, with participation from Foundation Capital, Dragonfly Capital, Pantera Capital, 6th Man Ventures, and others.

Gondi launched on Tuesday, allowing lenders to sell their NFTs at a fixed interest rate on the platform, while borrowers can use NFTs as collateral or for NFT-based financial applications, with borrowers only needing to pay interest based on the outstanding loan term. Additionally, borrowers can enjoy instant refinancing, ensuring they always have the best loan terms even after initiating the loan. (Source link)