NFT - Q3 2022 Quarterly Report

The third quarter ended on a not-so-disappointing overview.

For more details, here is the NFT Market Report Q3/2022 and forecast future potentials 👇

#NFT #Web3 #Report #Q3 1/ Key Takeaways

+ The problems with the business model of the projects started to go wrong when the number of daily users dropped heavily.
+ Large companies are showing signs of turning away from NFT

First, 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐁𝐞𝐧𝐝𝐃𝐀𝐎?

@BendDAO is a NFT-collateralized crypto loans supporting #NFT holders to borrow $ETH through the lending pool using NFTs as collateral instantly (40% of the floor price), while depositors provide $ETH liquidity to earn interest. @BendDAO 𝐓𝐡𝐞 𝐫𝐞𝐚𝐬𝐨𝐧 𝐰𝐡𝐲 𝐁𝐞𝐧𝐝𝐃𝐀𝐎 𝐟𝐯𝐜𝐤𝐞𝐝 𝐮𝐩

The Health Factor (𝐇𝐅) is the factor used to determine the risk of collateral in Bend

𝐇𝐅 = (OpenSea Floor Price * Liquidation Threshold) / Debt with Interests 
(Liquidation Threshold = 𝟎.𝟗)

Will LooksRare Steal The NFT Throne From #Opensea?

Despite many rivals are aiming to take the market share away from it, @opensea is still the go-to platform for both beginners and experienced traders to buy and sell #NFT!

Until @LooksRareNFT comes...

$LOOKS #looksrarenft @opensea @LooksRareNFT 1.1/ On-chain Comparison

@LooksRareNFT, which is much younger than #Opensea, already set a record with over $5 billion in Trading Volume in just more than a week!

Even, there were days that #LooksRare has outperformed #OpenSea by more than 400%. Is It impressive?