Lol peak insanity for sure! Making loans against a hashing on a chain against a Joeg makes no sense to me! How is it even repriced over time? What if the NFT is repriced downward how do you post additional collateral?
How does the NFT generate an income for the the holder that they would want to provide you with liquidity to hold it?
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Jeje, fair questions, I have some idea of some of your concerns:
1.- Priced based on how many times it has been bought and sold, meaning that only fairly famous or succesful NFT's might qualify for loans
2.- Revenue: Put your cat picture on decentraland inside of a digital museum that charges per customer, just like a normal museum, but all using the decentraland token, this is just one possibility for revenue generation, your cat picture can be put on a game and give you royalties based on interactions, etc
3.- Additional Collateral could be set on ETH, similar to what is done on a margin trading platform, where they liquidate your position if in danger of being underfunded.