Post
Topic
Board Lending
Re: Need a loan, NFTs as collateral
by
OgNasty
on 29/08/2022, 18:16:09 UTC
OP created those NFTs 6 days ago, and then just a day later he requested this loan offering it as collateral.
I would say that he has no intention of returning the loan, but would actually just sell his NFTs through the loan.  

Yeah, I noticed the same thing.  Pretty cheesy scam attempt for a measly $200.

I really wonder how he determined the value of 12 ETH for this NFT?

What makes any of those NFTs worth anything?  A bunch of candle charts are worth hundreds or thousands of dollars?  Really?  I have a hard time with the whole NFT thing in the first place, digital beanie babies is all I see, but these are exceptionally stupid.


The OP is also advertising these NFTs for sale:

New NFTs, real value!  Grin Check it out !  Smiley https://opensea.io/collection/the-last-bastion

It does make you think that this isn’t a loan request, but an offer to sell an NFT collection with 0 volume for a couple hundred dollars. The sad fact is that you can make an NFT collection like this in 20 minutes with less than a dollar of costs. At $200 per collection this would be a pretty profitable operation if you could find people willing to accept the collateral.