Odaily News: NFT lending protocol Gondi announced that it went live on Tuesday and completed a $5.35 million seed funding round. Leading the investment were Hack.vc and Foundation Capital, with participation from Dragonfly Capital, Pantera Capital, 6th Man Ventures, and others.

Gondi allows lenders and borrowers to leverage the value of blue-chip NFTs on the Ethereum blockchain. Lenders can offer their NFTs with a fixed interest rate on the platform, while borrowers can use NFTs as collateral or for NFT-based financial applications.

Gondi stated that borrowers on its platform only pay interest based on the outstanding loan period. Additionally, borrowers can benefit from instant refinancing to ensure they always get the best loan conditions. (CoinDesk)