Gondi's Sell & Repay feature repaid a $350K loan on XCOPY's 2018 'Dissolution' NFT in one atomic transaction for $525K. The Ethereum-based protocol has grown to over $100M in TVL.
Alpha Score of 50 reflects weak overall profile with weak momentum, weak value, strong quality, moderate sentiment.
XCOPY's "Dissolution," a one-of-one glitch art piece from 2018, sold for 525,000 USDC on Gondi, the Ethereum-based NFT liquidity protocol. The transaction also cleared a $350,000 loan that had been open against the artwork, using Gondi's Sell & Repay feature.
Sell & Repay lets a borrower sell an NFT that serves as loan collateral and have the loan repaid from the sale proceeds in a single atomic transaction. The seller walks away with the difference. The buyer gets the NFT free of any encumbrance. No separate capital is needed to unlock the collateral first.
The day before, on August 5, XCOPY sold another work, "Bad Flavour," for about 280 ETH (Ethereum's native token), worth roughly $530,000 at the time of the transaction.
"Dissolution" was minted on May 17, 2018 on SuperRare, making it an early piece in the history of on-chain art. Because it is an ERC-721 from SuperRare's legacy collection, it required Gondi's Legacy 721 Wrapper to make the asset compatible with the platform's current infrastructure. Legacy SuperRare tokens were built before many of today's NFT standards existed, and Gondi built tooling specifically to handle them.
Gondi launched in July 2023 with $5.35 million in seed funding. It started as a peer-to-peer NFT lending protocol. By mid-2025, the platform had surpassed $100 million in total value locked and expanded beyond lending into buying and selling NFTs. Gondi now functions as what it calls a full-stack liquidity marketplace, covering borrowing, lending, buying and selling within one ecosystem.
Other features Gondi has introduced include instant refinancing, which lets borrowers switch to better loan terms without repaying first, and no-oracle liquidations, which remove price-feed dependencies that can cause cascading sales when oracles lag. The Sell & Repay feature that powered the Dissolution transaction is the clearest example of why this integrated approach matters. In the old world, a seller with a loan on an NFT would need to find separate capital to repay first or negotiate an off-chain arrangement. Gondi collapses that into one atomic step.
The Dissolution sale is one of the larger single NFT transactions processed through Gondi's full-stack marketplace. The platform's total value locked now stands at more than $100 million.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.