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Does anyone actually make money from stuff like this?
(nftandgamefi.com)
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this post was submitted on 24 Jul 2023
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Asklemmy
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This one is actually pretty straightforward. The middleman here charges interest and hopes the borrowers default so they can sell the assets at a profit.
But how is a repo'd nft worth anything?
Pro ably not worth millions or anything, but I'm sure some schmuck would buy for $10 a pop at least.
How is a sealed comic from 1967 worth anything?
Same thing, because someone will pay for it.
Presumably it's worth the same as it would be if you simply sold it.