Meta4 Capital, a Miami-based Web3 focused investment management firm, was the recipient of one of Genesis Global Capital's first wholly NFT-backed loans, valued at $6 million. This loan is significant not just for its size, but also for the fact that it only used NFTs as collateral, rather than broader liquid collateral. Meta4 is an Andreessen Horowitz-backed NFT VC that specialises in acquiring believed rare and historically significant NFTs.
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