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Crypto

Gondi Powers Record-Breaking XCOPY Art Sales

Guavy AI Editorial Team
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ETH USDC OP NFT
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Gondi, an Ethereum-based NFT liquidity protocol, facilitated the sale of XCOPY's one-of-one piece 'Dissolution' for $525K in USDC. The artwork had a loan against it worth $350K.

The sale was made possible by Gondi's Sell & Repay feature, which allowed the seller to clear the loan and receive their profit without finding separate capital to unlock their collateral first.

This is not an isolated incident. In two days, XCOPY sold two pieces of art, 'Dissolution' for $525K and 'Bad Flavour' for approximately $529,863, totaling over $1M in sales.

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