FINANCIAL FIRST: The First Ever ApeChain NFT Backed Loan Was Issued On Zharta Today!
- Kyle
- 8 hours ago
- 2 min read
A financial first took place in the ApeChain ecosystem today after the token’s own NGBShpend became the first person to ever take out a peer-to-peer loan on an ApeChain NFT!
On Tuesday, NGBShpend unlocked the liquidity he was looking for via Made By Apes NFTfi platform Zharta, after striking a peer-to-peer deal with fellow $Ape Drip Capital. The two agreed on a 30-day loan of 500 $APE at a 35% APR, with NGBShpend’s Geez On Ape NFT posted as collateral.
“HISTORY WAS MADE! First-ever P2P NFT loan ON APECHAIN ,” Zharta tweeted. “Powered by @GeezOnApe @NGBxShpend just unlocked liquidity — without giving up the asset Liquidity provided by @dripcapital_xyzThis is what we came for: To put your Apes to work To grow the ecosystem To build where others just post Let’s keep it moving.”
"Feels bananas to be apart of history on ApeChain with the first ever p2p loan,” NGB told the Gazette. “Happy to support the Zharta fams launch and excited to see what they cook up for the ApeChain community. Will prob use that liquidity on ApeChain NFTs and pay back the loan with the juicy rewards from the apecoin migrating to ApeChain move lol GGeez."
As the Bored Ape Gazette previously reported, Zharta officially launched its peer-to-peer lending, rental options, and NFT loans on ApeChain earlier this month, giving $Ape-based NFT holders more flexibility with their JPEGs.
For those unfamiliar with Zharta and the idea of NFTfi, simply put, the platform opens up new liquidity options for NFT holders who may be NFT rich but crypto poor. With Zharta, anyone can now take out a peer-to-peer loan on their assets, giving holders more flexibility with their NFTs than just buying or selling.
$Apes looking to unlock liquidity, or offer loans of their own, can check out Zharta’s platform here: https://app.zharta.io/lending/lend/nfts/gobsonape/511/offers?sort_by=principal&sort_order=desc
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