NiftyNoon: Rollbit Shakes Up NFT Lending with 0% APR Loans

While loans secured to NFTs have historically been highly lucrative for lenders, Rollbit's new 0% APR product is likely to put an end to that (January 11, 2022)

Nifty Thought

• The introduction of 0% APR loans for the market is deeply interesting both for the NFT lending market and NFTs as a whole. On one hand, the availability of 0% APR loans, especially those with very high loan to value ratios for Bored Ape Yacht Club and CryptoPunk NFTs, means that leverage-seekers no longer have to resort to high APR low LTV peer-to-peer loans or loans with high liquidation risk (i.e. BendDAO). This dramatically shakes up what has been the easiest way to accumulate ETH for a long time. At the same time, 0% APR loans may further increase speculation and the acceleration of deployed capital into the market. With no intrinsic downside associated with short-term NFT leverage now, it is very possible a second wave of liquidity is about to hit the already very leveraged NFT market. While this may prove beneficial for floor prices in the short term, it has very ominous implications for valuations overall in the long run.

Project News

• Rollbit announces 0% APR loans in a move that shocks the NFT lending market:

  Lucky @Lucky_2147

  Our NFT Loans just got a major upgrade! NFT holders can now preview loan prices without depositing their NFT to Rollbit and will receive the highest loan-to-value ratio within the industry (~80% for BAYCs/Punks) 0% fees, no strings attached rollbit.com/nft/loans

  

• LimitBreak announces staking-enabled programmable royalty solution:

  Gabriel Leydon (FREE,OWN) @gabrielleydon

  1/ @limitbreak is excited to announce OPT-IN, BACKWARDS-COMPATIBLE PROGRAMMABLE ROYALTIES POWERED BY STAKING. Read the complete blog post here:

  

  medium.comIntroducing: Opt-In Programmable Royalties (and more) Through Staking by Limit BreakLimit Break is introducing opt-in, backwards-compatible, programmable royalties contracts that work on any ERC-721 contract through a novel…

• Game of Thrones Series 1 NFT sells out:

  Nifty's @Niftys

  Series 1 of Game of Thrones: Build Your Realm is sold out! Thank you to everyone who picked up a Hero Box for the first drop of our Build Your Realm program. Browse secondary now: go.niftys.com/3it7Nsy Series 2 coming soon to OpenSea. opensea.io/collection/gam… #BuildYourRealm

• PROOF releases Grails Season III mint passes and surprises random nested Moonbirds with free airdrop:

  Moonbirds (🦉, 🥃) @moonbirds

  Stay Nested....and check your wallets. A Grails Season III Mint Pass has just been dropped to 20 lucky Moonbirds: 👇

  

Community News

• NFT community laments poor quality art of Game of Thrones NFT:

  Loopify 🧙‍♂️ @Loopifyyy

  Game Of Thrones NFT reveal this is the worst thing I’ve ever seen

  

Quick Stats:

• OpenSea ETH Daily Volume: 9,958 ETH (▼ 9.93%)

• Blur ETH Daily Volume: 7,395 ETH (▼ 35.02%)

• BTC: $17,417.87 (▲ 0.43%)

• ETH: $1,332.59 (▼ 0.29%)

• Solana: $15.71 (▼ 3.64%)

• Polygon: $0.86 (▲ 0.88%)

NFT Daily Winners:

• Azuki: 15.10 ETH (▲ 17.83%)

• Doodles: 7.70 ETH (▲ 10.00%)

• Bored Ape Yacht Club: 83.17 ETH (▲ 5.54%)

• Mutant Ape Yacht Club: 18.70 ETH (▲ 1.87%)

• Moonbirds: 8.10 ETH (▲ 0.61%)

• CryptoPunks: 66.79 ETH (▲ 0.02%)

• VeeFriends: 4.99 ETH (► 0.00%)

• Proof Collective: 33.00 ETH (► 0.00%)

NFT Daily Losers:

• Chromie Squiggles: 16.40 ETH (▼ 2.96%)

• Clone X: 5.50 ETH (▼ 3.63%)

• Pudgy Penguins: 5.97 ETH (▼ 9.04%)

• DigiDaigaku: 10.20 ETH (▼ 17.71%)

Notes:

• If you find quick daily NFT updates helpful, please feel free to subscribe:

• The content on this site is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

• Managed by @AxuETH, @jpegprez, @SSPxLEO, @xhuewa, and @SpeedyGonzale87