P2P Lending / NFT Lending Forum

I explained what I did in this video and how I did it but forgot to mention what platform I did it through. I bought a loan as an NFT and then used that NFT as collateral for a loan on NFTfi.


Article explaining how I bought land as an NFT: https://debanked.com/2024/02/forget-the-metaverse-i-bought-real-land/

Video explaining how I bought land and then used it to get a loan: https://decashed.eth.loan/2024/02/i-bought-land-as-an-nft-and-then-used-the-nft-to-get-a-loan/

Quote from: KHY Lending on February 25, 2024, 07:04:13 AMSean, is it true you borrowed against real estate using NFTFI? I saw your tweet. Care to do a deep dive into this? You have my attention. Hope all is well with you.

Hey, yeah. It's true. Loans against .eth names may not have been such a good idea but both DNS domain names and real land are now being tokenized and this opens up real possibilities finally. Will share more when I have the time.

It's happening! I tokenized domainfi.net using the new tokenizing registrar called Namefi and then used it as collateral for a loan on Teller!

https://decashed.eth.loan/2024/01/first-smart-contract-loan-ever-made-against-domain-name/

Good reads:

Part 1: https://www.blockchainandthelaw.com/2023/11/part-i-nft-lending-legal-issues-involving-secured-transactions-under-the-ucc-pre-and-post-article-9-and-12-amendments/

Part 2: https://www.jdsupra.com/legalnews/part-ii-nft-lending-legal-issues-2810780/

Speaking of DNS domains, these are the web3 related ones that I have:

https://eth.loan/mydomains/

Quote from: domainer on October 28, 2023, 07:15:50 PMwhat's new with everything. It's been quiet

lots of things going on, but just slowly!

Quote from: JReed on October 07, 2023, 08:35:46 PMWere you able to reach out to them?

I never reached out to them. I probably still will, just haven't gotten to it yet.

Quote from: KHY Lending on October 10, 2023, 06:46:25 AMHow many average people would even know what that means?

True. But at least they have cc and it says eth is coming soon but that might mean eth on optimism, which would be bridged eth. I could be wrong. Let's see what happens.

Quote from: domainer on October 07, 2023, 07:08:19 PMcan you pay with eth for the domains? How does it work?

As of right now you can only pay with USDC bridged to Optimism or credit card. An eth option is coming too as well it says .

Quote from: domainer on October 09, 2023, 12:55:43 PMAlso is D3 the same as 3DNS? Looks different? https://d3.inc/

Different. I've heard of them but don't think they've gone live yet? Definitely worth keeping an eye on

All Teller Loan Listings: https://eth.loan/teller/

All Loans Made on Teller: https://eth.loan/teller/loans/

All DNS Domains Minted By 3DNS: https://eth.loan/dnsnfts/

Quote from: KHY Lending on October 06, 2023, 06:28:56 AMDoes this put regular domain names on track to be lendable assets on the blockchain?

Makes it very close, yes. My understanding is that:

1. a lending platform would just need to support Optimism (an eth l2).
2. 3DNS would need to end beta period and open the floodgates to the whole public.

I'm capturing all the domain names registered via 3dns, what do you think would be a helpful way to deliver that data here on the forum?

And bingo, here we go!

I think we might hear something soon