Drops DAO Weekly Newsletter: June 11 - 17
Despite market sentiment being down, NFTs are still keeping up with the times as one of the hottest trends out there. Here at Drops, we’re continuing to capitalize on bringing the top blue-chip NFT collection lending pools aboard.
We’re also building and implementing new things behind the scenes that you won’t want to miss.
Tune in below to see what we’ve got in store for this week’s edition of our newsletter!
Lending Pool Statistics
Check out the most recent stats below for our lending pools:
Total Supply: $2,577,668
Amount Borrowed: $386,504
Supplied NFTs
BAYC: 2
MAYC: 7
OTHR: 21
CyberBrokers: 19
Moonbird: 1
veDOP statistics
DOP Locked: 964,831
Total veDOP: 147,726
Average Lock: 0.61 years
Product Development
This Week
Displaying pending rewards for veDOP
Liquidation UI improvements
Liquidation Insurance - 75% completed
NFTBank.ai Integration floor pricing - 80% completed
Oracle dashboard development
NFT Mortgages development
What’s Ahead Next Week
NFT mortgages details reveal
Liquidation insurance testnet
NFTBank.ai integration
Price oracle optimization
Oracle dashboard development
NFT Market Statistics
Total NFT Sales Volume
Another week in the red has gone by for the overall NFT market, with sales down almost 3% and number of sales dropping almost 20%.
(Source: https://nonfungible.com/market-tracker)
Top NFT Sales
BAYC and CryptoPunks has dominated the top NFT sales over the last week, continuing to leave their mark as some of the strongest blue-chip collections available.
(Source: https://nonfungible.com/market-tracker)
NFT Marketplace Weekly Volume & Users
OpenSea: $89M volume / 111K users
X2Y2: $86M volume / 3.81K users
Gem.xyz: $14M volume / 11.73K users
LooksRare: $16M volume / 4.54K users
(Source: https://dappradar.com/rankings/category/marketplaces)
What’s Happening in the NFT space
Baby Shark, a popular YouTube song, is deploying another set of NFTs
Manhattan landlord lists his office building in ETH as an NFT, where the price dropped by $12M
NFT platforms in China see 5X growth in 4 months
Burberry teases a second NFT collection release
‘Stranger Things’ Netflix NFTs become a not-so-popular release for fans of the show
Lotus Cars and NFT PRO form a partnership with Ripple to bring automotive NFTs to the XRP Ledger
Tag Heuer launces its own smartwatch that displays NFTs
Bill Gates criticizes NFTs and calls them a “100% greater fool theory”
OpenSea switches over to Seaport Protocol to reduce Ethereum gas fees by 35%
Drops Meme of the Week
