Embarking on a new milestone, I've taken out the largest ever loan against a single piece of digital art: 'Crypto is Bullshit' by @beeple , with a groundbreaking $400,000 loan. This marks another pioneering moment in the journey of digital art and its evolution Reflecting back, from spearheading the first multimillion-dollar sale in this space with Beeple's work 'Crossroads' to facilitating significant digital art donations, like @refikanadol ‘s 'Unsupervised' to @MuseumModernArt , my involvement has always been about pushing the envelope and exploring new possibilities within the digital art ecosystem A special shoutout to @gondixyz , the platform facilitating this landmark loan. Their innovative services are opening up new avenues for collectors and artists alike, demonstrating the exciting possibilities and future potential of digital art finance Now, we're venturing into uncharted territory again. This loan is not merely about financial figures; it underscores the increasing acknowledgment of digital art's tangible value and potential. It highlights a shift towards recognizing digital art as assets that can secure substantial financial backing without necessitating a sale, thus encouraging active participation and investment in this field This development is particularly significant because, while we've seen loans against profile pictures (PFPs) and collections of generative works before, this instance stands out. It signals the recognition and staying power of fine digital art, emphasizing its inherent value beyond the immediate crypto market fluctuations Offering liquidity without requiring asset sales will likely spur more dynamic activity within the space. It's a compelling demonstration of the sector's maturity and the growing confidence in digital art's long-term value By setting this precedent, we're illustrating the vast potential and enduring appeal of digital art. It's a major step forward, and I'm eager to see how it influences the ecosystem, promoting growth, innovation, and greater appreciation for digital creators and their works
@pablorfraile @beeple sorry bruh - i two larger loans against grail xcopy 1/1 in 2023
@pablorfraile @beeple Only poor people are self congratulatory over such tiny accomplishments… Pablo needs to choose rich!
@pablorfraile @beeple @gmoneyNFT took a million against his punk. 🫡
@pablorfraile @beeple grats on the loan but this post is untrue