ASCEND: THE GAME TO UNLOCK YIELD FROM NFTS

Summary from the TLDR Crypto newsletter

Crypto game Ascend has launched, aiming to unlock untapped yield potential in NFTs. MetaStreet, the company behind Ascend, raised $25 million to fund what it is calling Liquid Credit Tokens (LCTs) to create scalable capital markets for on-chain illiquid assets. Its aim is to democratize access to high-yield credit, inviting institutional and individual investors to participate equally. The company expects $3.5 billion of sustainable new yields from the NFT market with LCTs.