9dcc founder gmoney used Ape Cryptopun as collateral to complete a $1 million loan

NFT analyst TylerD revealed on social media that 9dcc founder gmoney used his held Ape Cryptopunk (and PFP) as collateral to obtain a $1 million loan. It is reported that the loan is for a period of 180 days, with an interest amount of approximately $69,029 (ARP is 14%). TylerD stated that this loan transaction is likely the largest NFT loan in history (at least as far as he remembers), and it is currently unclear what gmoney will use the funds for.