Hi, D33Dgens!
Another month in the bear market has passed, and here’s what happened in Metapoly.
We know that a lot of our community has been patiently waiting for the project to launch. As much as we want to push it out (we have already completed building the treasury & token smart contracts since Feb), we need to be very cautious of the current market condition. And the last thing we want is to rush out to launch the token with a quick pump and dump. Experience tells us it’s not the best time to launch a token right now.
That’s why we will be launching land NFT borrowing & lending first in July and continue to build in the bear market. We are also going to finally reveal the Guardians NFT (previously known as Factions NFT) to the community and start collecting a whitelist while we prepare to launch the NFTs in August.
Stay tuned!
TLDR;
Project update:
- Metapoly in NFT.NYC
- NFT Borrowing and Lending
- Guardians NFTs
Community activities:
- Metaverse Weekly Newsletter by Metapoly
- Metapoly’s Community Call
- Weekly Activities
a. MetaTalks
b. Social Leaderboard & gathering at Gather
Tech update:
- NFT Borrow / Lend
- Completion of smart contract for updated Auction Algorithm
- UI/UX development and finalization for Auctions, Dashboard
- Updated contract compatible to USDC stable-coin borrowing and lending
- Testnet QA
Project Update
Metapoly in NFT.NYC!
NFT.NYC is a conference that started in 2019, to connect leaders, influencers, developers, and fans of NFTs in NYC. It focuses on the companies and individuals using NFTs to advance the adoption of blockchain beyond its current use cases to a mainstream audience.
On the 24th of June in Lightbox Studio, The Metapoly core team members, Cindy Jin and Jenq Lee had the pleasure to co-host a showcasing event with EnjinStarter and 10 other projects from South East Asia to the global stage in NYC!
The goal of this event was to introduce the South East Asian projects to a broader audience. Metapoly participated in this event and got to meet the community in real life, also shared our knowledge, and values!
Here are some photos from the event. It was definitely a fruitful night to get connected with VCs, projects, and web3 enthusiasts.
NFT Borrowing and Lending
As mentioned, Metapoly, the Metaverse Bank, is soon to introduce its first product as a bank, which is land NFT borrowing & lending!
In Metapoly, we provide utility and liquidity for your metaverse land assets through different use cases such as borrowing and lending, leasing, fractionalization, and more. Similar to other PFP NFT borrowing & lending protocols, landowners can use their land NFTs as collateral to borrow USDC (ETH and more stablecoin to come!), while the lenders can earn yield by providing liquidity.
The team also did a lot of research before making the decision to start by taking in Otherdeed in our borrowing & lending feature. There are mainly two reasons for us to do so:
- For the protocol to take in any NFTs, we need to make sure the specific projects are proven to be “blue chip”. Meaning it has been around in the industry for a while, the number of holders are at least above 1k (so the prices are not easily manipulated), and the floor price has been relatively stable. Thus most NFT borrowing & lending protocols are taking blue chip PFP NFTs too.
- The trading volume of the specific projects is big, this indicates the general demand for the project. Thus when the debt is not paid, or the price drops, when liquidation happens, there will be enough buying demand to acquire the NFTs. Apparently, as data indicates, Otherdeed is the most traded land NFT recently, that’s why we want to kick start from this. Of course in the next phase, we will add in more blue-chip land NFTs such as TheSandbox, Decentraland, Voxels, and more.
The Metapoly core team has also talked about this launch during our last Community Call on the 9th of June. If you missed it, you can listen to the recording here: https://www.youtube.com/watch?v=mM1eZcae7fQ
We would love to hear your thoughts about this!
Community activities
For this month, we continued and improved our ways of sharing knowledge about the Metaverse, and as a result, kept our bonds tighter than ever! Check out this month’s Community Activities by Metapoly:
- Metapoly’s Newsletter: Your Weekly Metaverse Updates—
Metapoly has started to release its very own newsletter, where you can get weekly News, Analytical Updates, Insights, and Events in the Metaverse!
We all know how fast the space is moving, that’s why Metapoly thought of creating a weekly newsletter that can help everyone in this space be updated just by subscribing and reading this newsletter — for free.
Our newsletter is composed of different sections:
First is the Meta News, where you will be updated on the most latest news that happened in the space for that week.
In the second section, you’ll see Virtual Land Analytics, where we collaborate with top analytics companies/projects to bring you data analytics and insights focusing on metaverse land investment.
Then you’ll see the third section, where we put the spotlight on the hot events, projects, and reads for you in the Metaverse!
Lastly, we share with you a summary of our latest MetaTalks, where we discuss topics around the Crypto Space.
Our Newsletters are also published in our Medium! Check it out here, or subscribe so you can receive this weekly through your e-mail. https://www.getrevue.co/profile/metapolyorg
- Metapoly’s Community Call —
On June 9, Metapoly held a “Coffee in the Metaverse” or Community Call dedicated to each D33Dgen, and got updates from our Core Team. We discussed what’s being done and what’s ongoing in Metapoly. It was a chill and informative call, giving the most important details of what’s coming to the pioneer Metaverse bank.
If you missed this call, feel free to check out the recording here! https://www.youtube.com/watch?v=mM1eZcae7fQ
- Weekly MetaTalks —
We continue to bear the bear market and build and spread knowledge. This month’s MetaTalks’ topics and guests have been really helpful for our current Market Situation!
Ever since we announced the first phase of Metapoly as a Metaverse Bank, we strived to help the community gain knowledge about Lending and Borrowing. On the 16th of June, we had the honor to invite our amazing set of guests, Gabe Frank — CEO and Co Founder from Arcade.Xyz, Stephen Young — CEO from NFTfi, DaoChemist — Podcaster from CryptoHermetic, and Victor Lee — Core Team from Metapoly discuss NFT Lending and Borrowing. This space was really a great and special one because our guests have given us amazing insights and analytics about the current market situation.
All of our #MetaTalks have been completely amazing because our guests continue to spread knowledge to the community, and all of these spaces are now uploaded to our YouTube Channel! https://www.youtube.com/channel/UCd4LnS_0EJSIriiTZ0fSYrg
- Social leaderboard and Gathering at Gather —
The Metapoly’s Social Leaderboard for May has officially ended after a month of gaining points and bonding while playing with a total of 24 D33Dgens who participated!
As we continue forward, we decided that this social leaderboard has been fun for everyone, that’s why we decided to have an upgrade in the next activities, where we take our meet-ups and games to Gather — a fully customizable and interactive space. Metapoly’s Space in Gather is composed of three rooms, a lobby where we can talk in groups and a stage where someone can perform, a game room full of different games such as Skribbl, Poker, and Arcade! Then, a final room where we can hold a Tetris Competition.
We also decided to upgrade the prizes to Guardians NFT, which will be launched really soon! If you are interested in participating, join us now on Discord! https://discord.gg/metapoly
Tech Update
Completed
- NFT Borrow/Lend
- Completion of smart contract for updated Auction algorithm
- UI/UX development and finalization for Auctions, Dashboard
- Updated contract compatible with USDC stable-coin borrowing & lending
- Testnet QA
In Progress
- Tesnet Final QA Check
- Mainnet Deployment and mainnet QA
We really hope that you enjoyed being with Metapoly in June, and we are sure that July will be even better!
Thank you for reading!
We have just kicked start another month, and there are tons to look forward to in July.
- Beta launch of NFT borrowing & lending product, and audit to be done by Hacken
- Guardians NFT will be revealed soon with tons of perks you will be excited for! Stay tuned!
Once again, we really appreciate the community being alongside us on this journey! The market has been brutal, but we continue to #buidl and will make sure to update the community on our progress and always here to hear from you!
Follow Metapoly on social media and join the movement today
“Own the D33D, rule the metaverse”
See all our official links here: https://linktr.ee/metapolyorg
