DropsDAO Newsletter - June 2
This week, Japan's largest airline launches an NFT marketplace, Nike .Swoosh NFTs will be integrated into EA Sports games, and Sotheby's will auction 37 Grails from 3AC.
Hey DropsDAO community!
This week, the team has been hard at work on UI updates, including an app display without Wallet Connect, as well as an updated version of the navigation menu. We’ve also been developing the UI for position viewing and management.
In addition, the team has been working on development for staked positions and pools, and we’ve sunsetted support for Artblocks and Pool 5.
Drops Stats
Supplied: $3,895,396
Borrowed: $948,660
Highest Yield (APY)
The highest APY for USDC is available in the Ocean Pool, with a supply APY of 41.47% in USDC and a distribution APY of 5.23% in DOP.
The highest APY for ETH is available in the Ocean Pool, with a supply APY of 22.40% in ETH and a distribution APR of 0% in DOP.
veDOP Stats
Total veDOP: 346,717.25
Total DOP Locked: 1,998,302.56
Average Lock: 0.69 years
NFT News - Highlights of the Week
🔥 Japanese Airline Giant ANA Launches NFT Marketplace
All Nippon Airways (ANA), Japan's largest airline group holding company, has launched an NFT marketplace called ANA GranWhale. The marketplace has been released under subsidiary ANA NEO, which focuses on immersive digital experiences.
The marketplace is built on the Ethereum blockchain and features aviation photography, digital collectibles, and more. It supports the MetaMask wallet and allows payments with fiat currency via credit card.
The first NFT collection showcases the work of aviation photographer Luke Ozawa. ANA aims to apply NFT technology to the aviation industry and establish new connections with customers.
🔥 Nike “.Swoosh” NFTs To Be Integrated With EA Sports Games
Nike's NFT platform, .Swoosh, will soon be integrated with EA Sports games, allowing Nike's virtual footwear and apparel to appear in the games.
The integration aims to bring mainstream gamer adoption to crypto. Nike's "virtual creations" (NFTs) will be incorporated into EA Sports games in the coming months, although the specific game titles have not been disclosed.
EA Sports games, such as FIFA, Madden NFL, and NBA Live, attract millions of players globally. Nike NFTs are expected to be customizable wearable add-ons that players can purchase to enhance their in-game character avatars.
🔥 Sotheby’s To Auction 37 Grails NFTs From Three Arrows Capital Portfolio
Sotheby's is set to auction off 37 "Grails" NFTs next month, which were previously owned by now-defunct crypto hedge fund Three Arrows Capital.
The auction is expected to be the largest live auction of digital art, with sales projected to exceed $5 million. The NFTs gained additional attention due to their connection to Three Arrows Capital, which collapsed last year.
The NFTs were seized as part of the bankruptcy process. The auction will feature NFTs created by renowned generative artists such as Dmitri Cherniak, Tyler Hobbs, and Larva Labs.
Sotheby's described the collection as a celebration of the artists who played a significant role in bringing NFTs and digital art into the cultural mainstream.
Other headlines:
Nifty News: Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games, and more
The NFT Summer Is Building Up – NFT Sales Volume Spikes 16% To $180M This Week
You can now bridge Ethereum NFTs to Bitcoin — but you can't get them back
State of the NFT Market (via NFTGO.io)
Market sentiment: 20/100 (💧 Cool)
Total NFT Market Cap: $7.56B
NFT Weekly Volume: $105M
Buyers: 27,105
Sellers: 31,737
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