Web3 Watch: Metaverse Madness In The Sandbox and Decentraland
In NFT financialization news, the BendDAO peer-to-pool lending protocol almost faced liquidation when the floor price of collateralized Bored Ape Yacht Club NFTs dropped and the borrowers’ loan-to-value (LTV) decreased. Gabe Frank, CEO of peer-to-peer NFT lending platform Arcade, offers his two cents on the situation.
Alpha Season 2 saw 325,000 players, now the target is 500,000 users for AS3. One of the biggest draws is that NFT owners from collections such as Bored Ape Yacht Club, World of Women, CoolCats, Clone X, and Aoki can use their PFPs as voxelized avatars in The Sandbox. Players can also earn the SandBox Season 3 Alpha Pass and unlock rewards up to 500 SAND tokens. Wednesday marked the launch of The Sandbox’s Alpha Season 3 (AS3).
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