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A comment on Nyan Cat on the Blockchain. Parent comment

Re:Nyan Cat on the Blockchain by PragmaticPulp on Friday February 19, 2021 @03:30PM (#26197679)
> platforms allow the NFT owner to borrow against them instantly so people can use NFT art and property as a store of value

Presumably the lenders are aware of the high risk of wash trading in these securities.

If someone takes an NFT and "buys" it from themselves with 100% of their crypto cash, they are now "worth" 2X: They have their original cash, and an NFT that was last priced at 100% of their original cash.

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Re:Nyan Cat on the Blockchain by vmception on Friday February 19, 2021 @03:34PM (#26197722)
This is factored in the Loan to Value ratios.
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Re:Nyan Cat on the Blockchain by marcell on Friday February 19, 2021 @05:55PM (#26199124)
Can you point me to some sites where I can use NFT's to get loans?
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