Wow! What a week in crypto. No one ever said it would be boring…
In amongst all of the market happenings, we have been making massive headways at DROPS DAO, with the unveiling of DROPS THUNDER and the new SweepMax platform.
We put together a short thread to help explain SweepMax:
The tweet thread is written out here again for your convenience, this is after all a massive breakthrough in NFT DeFi technology that you won’t want to miss:
We’ve made SweepMax, a new buy now, pay later service for NFTs. With as little as a 40% deposit, you have the opportunity to buy NFTs across 23 collections.
There has never been a better opportunity to accumulate NFTs with minimal capital outlay and the benefits of SweepMax are many. Let us explain in greater detail.
The Costco of NFTs has arrived!
BUY IN BULK.
Buy as many NFTs as you want in a single transaction, saving on gas. It’s time to scoop up some bargains and head on down to ol’ Sweep Max!
BUY NOW PAY LATER
Finance your multiple NFT purchases in a single transaction. Place it all in one basket and finance at checkout!
TAKE YOUR TIME
With Sweep max there are 0% issuance fees and no due dates. Pay the rest on your own schedule. At the SweepMax marketplace, your long term customer satisfaction is our priority.
DISCOUNT FINDER
SweepMax saves you money with an aggregation tool, meaning we find the lowest price for your NFT through comparisons across multiple marketplaces, saving you time and effort.
REVERSE MORTGAGES
If you’ve already made some loan payments on your NFT and need capital again, we have you covered. You can withdraw your paid ETH or borrow more against your NFTs.
But wait, there’s more! In the near future we'll be rolling out Flashrepay, allowing you to repay your NFT loans by accepting sale bids on marketplaces.
It couldn’t be simpler! Head to https://sweepmax.io to see for yourself.
https://docs.drops.co/sweepmax-financing/overview
In other news, we also have a proposal underway to create a new pool for the Mutant Cartel DAO:
Drops Team Updates:
This week
Working on new rewards program
Flashrepay feature
Performance improvement for SweepMax
UI bug fixes
Also for those that are unware, we are launched the Dropsmanship voyage a while back! Earn DOP rewards and participate in our quests at:
https://drops.crew3.xyz/questboard
For more on this, join our Discord and read the following tweet thread:
NFT News - Highlights of the Week
Soccer superstar Lionel Messi takes stake and joins as ambassador in NFT fantasy soccer game Sorare
Lionel Messi, the soccer legend is the latest face of Sorare, an NFT-based fantasy football game. This is according to a company statement seen yesterday. The football superstar joins the platform as a brand ambassador and investor.
According to Nicolas Julia, co-founder and CEO of Sorare, the partnership will help the NFT platform “set new standards in how it connects with clubs and players.” The plan now is to collaborate on creating new content and fan experiences.
“We believe Messi will help us set new standards in how we do this, and we look forward to sharing what new content and fan experiences we’ve been collaborating on soon.”
Sorare did not disclose the size of Messi’s stake on the platform. However, the partnership marks a significant milestone for Sorare. Launched in 2019, Sorare is a fantasy football game that utilizes non-fungible tokens. On the platform, you can collect and trade digital player cards, which are NFTs. Also, you can participate in simulated football tournaments consisting of five players per side.
LG ‘Ready to Make NFT Push’ as it Seeks Blockchain-savvy CTOs
LG Electronics has announced it wants to hire two new Chief Technical Officers (CTOs) to lead its Web3 and blockchain technology operations – just months after registering a trademark for a crypto wallet. Digital Today reported that it was highly “likely” that the new hires would be tasked with leading the firm’s expansion into the NFT sector.
A job posting on the company’s website called for candidates with an “understanding the usability and technology of blockchain technology and NFTs.” The firm explained that one of the new hires will be responsible for Web3-related expansion efforts, while the other would focus on blockchain-related research and blockchain-powered apps.
In September, LG began running Beta tests for developers on its new crypto wallet app – Wallypto. The firm has also launched a Hedera Hashgraph blockchain-powered NFT trading platform.
Tweets of the Week
Lending Pool Statistics
Check out the most recent stats below for our lending pools:
Supplied: $1,266,307
Borrowed: $301,205
Highest Yield (APY)
The highest APY for USDC is available in the Drops Pool, with a supply APY of 73.29% in USDC and a distribution APY of 15.71% in DOP.
The highest APY for ETH is available in the Ocean Pool, with a supply APY of 12.45% in ETH and a distribution APR of 11.87% in DOP.
veDOP statistics
DOP Locked: 1,903,676.33
Total veDOP: 2,99,456.06
Average Lock: 0.63 years
NFT Market Statistics
Total NFT Sales Volume
Source:
https://cryptoslam.io/#sales-rankings-7d
Top NFT Sales
Art Blocks makes for the 2 top positions in top sale prices.