Alpaca Finance, a longstanding top 30 decentralized finance (DeFi) protocol, has raised $3.6 million from the sale of the first half of its Alpies nonfungible token (NFT) Avatar collection. This development is a huge milestone and places Alpaca as a leader in the quickly rising NFT sector. 

Alpaca completes first Alpies sale on Binance Smart Chain

Alpies is a cross-chain NFT collection on Ethereum and BSC consisting of a total of 10,000 NFT Avatars to serve as playable heroes in Alpaca Finance’s upcoming play-to-earn gaming platform and metaverse. The collection consists of two sets of 5,000 alpies sold in two parts, first on Binance Smart Chain (BSC) then Ethereum, and bridgeable between both blockchains.

Alpaca conducted the first half of the Alpies sale on Binance Smart Chain via a Dutch auction, which sold out within seconds after hitting the reserve price. The average selling price was 1.42 Binance Coin (BNB), and a total of $3.6 million worth of BNB was generated from the auction, which was highly anticipated within the crypto space. 

A notable point of the sale is that Alpies holders won’t be able to view the designs of the NFTs until the end of the upcoming sale on Ethereum, illustrating how much demand there has been for this collection despite the NFTs being unrevealed.

Alpaca has already publicized that the remaining 5,000 Alpies will go on sale on Ethereum on Tuesday, Nov. 2 at 2:00 pm UTC on the website. Over 1000 have already been paid for in advance through a heavily oversubscribed whitelist lottery.

Owners of the Alpies NFTs will be able to receive exclusive benefits including: 

  • Presale allocation of Alpaca’s upcoming GameFi token 
  • 50% higher max leverage on Alpaca Finance’s leveraged yield farming platform
  • Beta access to Alpaca’s play-to-earn game and more

The sale of Alpies is a significant event for the ever-evolving Alpaca ecosystem, which specializes in connecting the worlds of decentralized finance (DeFi) and NFTs. Alpaca is one of the first BSC brands to gain popularity through NFTs, having grown a thriving NFT ecosystem and pioneered major milestones in the NFT space such as creating the first-ever NFT animated short story series and over 50 NFT campaigns involving utility NFTs in the innovative realms of POAPs, NFT authentication and NFT farming. 

About Alpaca Finance

Alpaca Finance is one of the top DeFi protocols with over $1 billion total value locked (TVL) in its lending platform, and is among the top three DeFi protocols on BSC, according to Defistation. Specializing in high capital efficiency, Alpaca provides an environment for lenders to earn safe and stable yields and offers borrowers under collateralized loans for leveraged yield farming positions, vastly multiplying their usable capital and resulting profits.

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