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Projects are starting to explore using NFTs as collateral as a substitute. Imagine you bought a uncommon CryptoPunk NFT again in the day – they’ll fetch $1000s at at this time’s costs. By placing this up as collateral, you can entry a loan with the same rule set. If you do not pay back the DAI, your CryptoPunk will probably be sent to the lender as collateral. This could finally work with something you tokenise as an NFT.