The BendDAO has witnessed an extraordinary hike in Mutant Ape Yacht Club NFTs and Doodles NFTs. The BendDAO, on its own terms, happens to be an NFT liquidity protocol. It is actively engaged in the backing of instant NFT-backed loans and in Collateral Listings. There also happens to be the matter of NFT Down payment.
The concerned platform is now known to have documented, out of the complete MAYC NFT collection, a figure of 2.17% of it. The value of the same happens to be approximate, to the tune of $10 million. Also, in the case scenario of the complete Doodles NFT, it has duly documented a figure of 0.94% of it. This, again, has been valued at approximately $1.19 million. Incidentally, there has also been a segment consisting of the amount of 53 Doodles that have been deposited into the BendDAO collateral. This amount happens to be, in actuality, the biggest Doodles batch that has ever gone on record before.
Further to all of this, the concerned collateral also has witnessed the absolute highest ever in Azukis on the 19th Of January, 2023. This saw the figure of 267 Azuki NFTS, which again happened to have been valued at the amount of approximately $6.7 million. At the present moment in time, however, the complete evaluation, in terms of the BendDAO collateral, happens to be all of 40.4K, which amounts to an equal value of $65 million.
These changing scenarios related to the NFT market, however, happen to be opening the doors for another kind of high for NFT holders, where issues like connectivity and convenience are concerned. It is putting them in a situation wherein it is more simple to effectively utilize all of their digital assets. In the future days, there is evidently going to be a closer watch on the overall progress being made by BendDAO.
Source: https://www.cryptonewsz.com/benddao-sees-an-immense-hike-with-over-423-mayc-and-94-doodles-nft/