2024-year-end-review

MetaStreet 2024 Year-End Review: A Year of Growth, Innovation, and Milestones

As 2024 wraps up, we’re taking a moment to reflect on what’s been an incredible year for MetaStreet.

Together, we’ve hit some major milestones, pushed the boundaries of Object-Oriented Finance, and laid the groundwork for an even brighter future. Here’s a quick look back at what we’ve built together this year:


Ascend: Scaling New Heights in Object-Oriented Finance

This year, we introduced the Ascend Rewards Program, an initiative to reward community members who participate in the protocol and enable discovery of yield generating opportunities in NFT loans. Thanks to Ascend, the MetaStreet team was able to incentivize stronger partnerships within the Blast ecosystem and launch projects such as:

  • Punk and Pudgy LCTs: At its peak, we hit $70M TVL and onboarded 14K users with 2 pools, 4 LCTs and the ability to bridge to Blast and back.
  • Apollo: We created 7,777 Blast-native NFTs that focused on educating the community on borrowing NFTs and its benefits. We raised 362.5 ETH from our Apollo Mint, with 100% of it being given back to the community. Holders and borrowers of Apollo earned Blast Gold for their participation, where MetaStreet earned 3.9M Blast points and distributed 249,041 Blast Gold to the community.
  • Yield Club: We allowed our community to win 9dcc-related merch, Ascend Reserve XP, and USDC, as long as they minted our Yield Club balls. We went across multiple global conferences in 2024 (KBW and Token2049 to name a few), where participants can pick up their rewards in person.

Real-World Asset (RWA) Pools: Bridging the Physical and Digital

We also took strides in financing onchain real-world assets, bringing unprecedented liquidity and accessibility to traditionally illiquid markets. In 2024, we successfully launched RWA pools for:

  • Watches: Iconic timepieces became digital assets, enabling collateralized lending that unlocked fresh liquidity in a market that’s historically been hard to finance. Through our lending pools with watches.io, collectors accessed liquidity while depositors earned yield, achieving $5M in TVL.
  • Land: Tokenized real estate transformed land ownership into a liquid asset class. Powered by Fabrica, MetaStreet enabled borrowers to unlock capital through onchain lending while providing depositors with reliable yield.
  • Diamonds: Precious metal and gems assets like diamonds found new liquidity on MetaStreet as well. Owners of Diamore-backed NFTs accessed financing, and depositors benefited from new sources of yield, demonstrating the potential of tokenized hard-to-finance assets.

Airdrop Pass: Redefining NFT Community Rewards

The Airdrop Pass was all about giving communities more reasons to stay engaged and bring liquidity back to NFTs during the market volatilty of the NFT bear market—and it delivered:

  • Seamless Integration: Airdrop Pass enabled users to mint and hold their passes directly, unlocking exclusive rewards and access to various partner ecosystems.
  • Collaborations with Leading Communities: Partnerships with projects like Pudgy Penguins & Lil Pudgys on Ethereum and BitBears & HoneyCombs on Berachain showcased the potential of Airdrop Pass to strengthen community bonds. These integrations allowed NFT holders to speculate on their upcoming airdrops and unlock immediate liquidity from future airdrops without selling their NFTs.
  • Reward Innovation: The beta program served as a testing ground for refining our approach to user rewards and ensuring that the Airdrop Pass delivers real value to the holders.

NodeFi: Pioneering the Network State

NodeFi brought illiquid Nodes into DeFi on Arbitrum — allowing holders to split their Nodes into Yield Pass and Discount Pass token, which opened new DeFi opportunities like swapping, lending, and providing liquidity into LP pools supporting the Aethir (ATH) ecosystem. Some key milestones:

  • Launch of the NodeFi Network State: A new industry consortium launched by MetaStreet, Aethir, XAI and Impossible Finance to boost the development of new Node Financing innovations and strengthen industry awareness about NodeFi opportunities.
  • Yield Pass Launch: We launched Yield Pass to kick-off a new era of DeFi for Nodes. Yield Pass builds on our Airdrop Pass product for NFTs by allowing object holders tokenize different streams of Yield into onchain as that are composable with DeFi.
  • TVL Milestone: NodeFi crossed $75M in TVL through the innovative Yield Pass program in less than 12 hours on the first day of launch, enabling users to maximize yield opportunities with unique node restaking capabilities and liquidity strategies.

TACOM: Investing in the Future of AI and Finance

In 2024, we teamed up with Aethir and the Beam Foundation to launch Tactical Compute (TACOM)—a $60M investment vehicle focused on driving innovation at the intersection of AI and finance.

  • First Onchain DePIN Deal: TACOM helped fund a $3M mobile chip contract with $415K loaned on day one. This was a blueprint for how crypto can enable real-world compute infrastructure. (Learn more about TACOM)

2024 was a big year for us, and we couldn’t have done it without you—our community, partners, and supporters. Every milestone we hit is a step toward building a more connected, efficient, and innovative future. Here’s to making 2025 even better!