The Sandbox LAND NFT Lending Pool Now Available on Drops
The Drops NFT ecosystem is growing! Only a little over a few months since our mainnet launch, we’ve already deployed 8 NFT collections — and the list keeps on growing.
We’re excited to announce that another successful community vote was passed on our Snapshot forum to list The Sandbox LAND NFT collection on Drops.
The Sandbox LAND NFT collection will be added to the new Ocean Pool on our platform and have a LTV (Loan to Value) of 50%.
Begin collateralizing your Sandbox LAND NFTs here: https://drops.co/lending/pool/1/
About Sandbox LANDS
Within The Sandbox’s metaverse, users can create and purchase LANDS, which are NFT representations of physical land within the game. Only 166,464 LANDS are available across the platform’s ecosystem, making them rare and unique.
These LANDS are owned by players that they can leverage to host games, enable multiplayer experiences, build houses, or provide other opportunities to community members. In addition, users can stake SAND tokens to earn and customize their LANDS, vote in governance, and more.
Here are the most recent analytics from OpenSea:
- # NFT Items: 163K
- # Owners: 21.7K
- Floor Price: 1.85 ETH
- Total Sales Volume: $165K
Even More on the Way
veDOP holders keep showing their commitment to our platform by participating in governance. We’re starting to see Drops decentralization truly blossom and take off, and we’re excited for much more to come.
Don’t forget to visit our Snapshot forum for much more that’s in the pipeline!
About Drops DAO
Drops DAO provides loans for NFT and DeFi assets, supplying them with much-needed utility.
The protocol uses lending pools that enable any type of NFT asset to be used as collateral — from collectibles and metaverse items to financial NFTs. Users can leverage their idle NFTs and DeFi tokens to obtain loans and earn extra yield.