NFT Lender Gondi Goes Live, Raises $5.3M Round Led by

-fungible token (NFT) lending protocol Gondi went live on Tuesday after raising a $5.35 million seed round led by, the firm told CoinDesk. Gondi allows lenders and borrowers to capitalize on the value of blue-chip NFT collections on the Ethereum blockchain. Lenders can put up their NFTs on the platform for a fixed rate, while borrowers can use the NFTs as collateral or for use on NFT-based financial applications. Gondi says that borrowers on its platform only pay interest based on the outstanding loan duration. Borrowers can use their NFT assets as collateral to request a loan from the open market. The seed round for Gondi developer Florida Street was co-led by Alex Pack at and Rodolfo Gonzalez at Foundation Capital, with participation from Dragonfly Capital, Pantera Capital, and 6th Man Ventures, among others. “We are thrilled to have co-led Florida Street’s seed round, and we are excited about the solutions they are bringing to Web3 users. Gondi’s instant refinancing will enhance the NFT lending market, allowing borrowers to access more affordable credit and fostering a growing market,” said Alex Pack, Managing Partner at, in a message to CoinDesk.

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