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Topic: Closed (Read 194 times)

legendary
Activity: 3696
Merit: 2219
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May 26, 2023, 08:21:39 AM
#9
Estimating a collection is all well and good if the artist is looking to sell, but as others have already stated, if it isn't crypto collateral, then people aren't likely to accept it as collateral.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
May 26, 2023, 06:49:28 AM
#8
Some time ago someone has directed this service (I can't remember who) for borrowers who have NFTs as collateral. I think they will be more objective in pricing your NFTs. Just check your heart health before using this service. Good luck.

Quote
Hi, you can close this thread
The "lock topic" button is at the very bottom left of the page
jr. member
Activity: 84
Merit: 4
May 26, 2023, 02:38:12 AM
#7
Do you have only NFTs in your metamask account as collateral?
legendary
Activity: 2758
Merit: 6830
May 25, 2023, 05:10:11 PM
#6
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Zero volume ? Really ?  Anyway, thanks for your reply.
Uhm... yes... literally zero...?

Here are a few, literally 0 ETH volume, zero bids, one owner (you - the creator), projects:

https://opensea.io/collection/divine-casly-s-art
https://opensea.io/collection/is-life-monochrome
https://opensea.io/collection/dsbvisual
https://opensea.io/collection/highlighted



My just drawn, rare NFT art, is probably estimated at a higher value:

legendary
Activity: 2758
Merit: 6830
May 25, 2023, 12:58:45 PM
#5
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I did read your topic, that's where I got the link for your opensea profile. Point remains, all you got on your wallet is a bunch of nfts you created that have literal zero volume or trading history. You minted a jpeg and are claiming it's "estimated at 7200$". The real estimation is 0$, thus you seem to lack the collateral for the loan.
copper member
Activity: 2338
Merit: 4543
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May 25, 2023, 12:50:12 PM
#4
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I am giving my metamask account as collateral.

That's a hard "No."

First of all, that's not safe for you.  To hand over your metamask account you would have to give the escrow agent your seed phrase, meaning the escrow agent would have access to, and control of all your accounts.  

Second, even if you provided the escrow agent with only the private key for the one account, it would be unsafe for the lender because you would still have access to the collateral items and could move them as soon as the lender sends you the loan.

Third, no lender is going to give you a loan based on "estimated value" of digital art or NFTs.  If you default on the loan, the lender would be stuck trying to sell NFTs that may have no actual value or take years to sell to recover the lent amount.

Sorry, but without a fungible coin as collateral I have to rescind my offer to help.
legendary
Activity: 2758
Merit: 6830
May 25, 2023, 12:31:07 PM
#3
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Hi, it is actually a digital transaction. I am giving my metamask account as collateral. It is estimated at 7200$. I can see you have a good history so if you can supervise it, it will help me a lot. But if not, could you help me find another trusted member for it ? I've already asked minerjones but he doesn't do this kind of escrow.
Estimated based on what? Don't tell me it's your zero volume "NFT collection"? Cheesy
copper member
Activity: 2338
Merit: 4543
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May 25, 2023, 11:28:46 AM
#2
I've provided escrow for folks in the past, if you trust me I may be able to help.  
What coin do you need the escrow agent to hold, and what quantity?  I charge as little as 1% for larger quantities.  Feel free to respond via PM, if you prefer.

Otherwise, I suggest you contact DarkStar_, Hhampuz, or minerjones.  All three are very professional and reliable.  
newbie
Activity: 5
Merit: 0
May 25, 2023, 10:35:42 AM
#1
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