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BendDAO gives NFT investors the edge with Web3 financial repor | Crypto California Club

BendDAO gives NFT investors the edge with Web3 financial reporting

BendDAO, which is considered by many in the cryptocurrency space to be among the most important non-fungible token (NFT) backed loan liquidity protocols, recently celebrated its one year anniversary by presenting a comprehensive financial statement.

The statement developed by Unboxing Lab is on par with the standards that are found in conventional forms of financing and highlights the development that BendDAO has achieved over the last year, as per information shared with Finbold on April 7.

Reports in the electronic data gathering, analysis, and retrieval system (EDGAR) format introduce a degree of openness to Web3 projects that has never been seen before. This enables community members to get insight into the financial health of protocols that they make regular use of.

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