Gondi facilitates $525K sale of XCOPY’s 1/1 NFT Dissolution

XCOPY’s “Dissolution,” a one-of-one piece of glitch art originally minted on SuperRare back in 2018, just changed hands for 525,000 USDC. The sale went through Gondi, the Ethereum-based NFT liquidity protocol that’s been quietly building itself into something far more interesting than a simple lending desk. Here’s the thing that makes this more than just another six-figure JPEG transaction: the artwork had a 350,000 USDC loan sitting against it. Gondi’s Sell & Repay feature handled the loan repayment and the sale in one clean sweep, letting the seller walk away with their profit instead of scrambling to find separate capital to unlock their collateral first. Two sales, 48 hours, over $1M in XCOPY art The Dissolution sale didn’t happen in isolation. The day before, on August 5, XCOPY sold another piece called “Bad Flavour” for roughly 280 ETH, which translated to approximately $529,863 at the time of the transaction. “Dissolution” originally dropped on May 17, 2018, making it a legitimately early piece in the history of on-chain art. It’s an ERC-721 from SuperRare’s legacy collection, which required Gondi’s proprietary Legacy 721 Wrapper to make it compatible with the platform’s...