IQ Protocol and MetaMerge Partnership
IQ Protocol a decentralized money market for digital asset renting and on-chain subscriptions, announced its partnership with MetaMerge.
This partnership of IQ Protocol with MetaMerge will allow their users to rent out the NFTs.
MetaMerge is a merge game based on Solana and filled with magical creatures, fascinating plants, and legendary characters for you to discover. Players act as the land’s ‘Masters’ where they can build their islands, explore the beauty of the magical world, and earn rewards (which come in the form of NFTs and the native $MTM and $MWA tokens).
The first of its kind, MetaMerge is a hybrid of traditional, mobile, and Web3 gaming all rolled into one. Their vision is to help normalize blockchain gaming in the broader culture, bringing earning and networking value to those who already enjoy gaming on their smartphones.
MetaMerge brings players the addictive merge gameplay they know and love, combining it with a strategic PvP battle mode. There is also an added layer of competition since players can visit other islands and decide to help or steal from them. Have they forgotten to harvest their valuable crops? Perhaps they are ripe for the taking.
Aside from offering users entertainment and earnings, MetaMerge also provides players with collections of NFT characters, creatures, animals, plants, buildings, and lands, among other items. Players can upgrade their NFT stats with in-game tokens, and these items can be sold or traded to other players.
A central element of IQ Protocol is its NFT rental platform. Their platform offers risk-free and collateral-less lending and renting of digital assets and provides various innovative features that will transform the world of NFT sharing.
Does IQ Protocol allow for NFT renting without collateral and risk? How does that work?
On IQ Protocol, rental agreements are based upon a pre-arranged amount of time and an agreed-upon price, benefiting both parties. Traditional staking is often based on inflationary mechanisms to provide interest; renting out your NFTs is tied to the specific utility for the NFT, creating a more sustainable economic model, with renters gaining access to the represented utility of the asset.
IQ Protocol’s model for NFT lending and borrowing is built to be risk-free.
Instead of giving the original asset to the borrower, IQ Protocol mints an expirable version of the NFT (which contains all of the unique features and metadata of the original). This wrapped version of the NFT is then given to the borrower. Their platform secures the original NFT, which is returned to the owner after the agreed-upon rental contract has expired. Now, token holders can enjoy the benefits of renting out assets that they aren’t currently using but that they would not like to sell.
About MetaMerge
MetaMerge is a simulation Metaverse leveraging the exciting Merge gameplay. MetaMerge system utilizes the addictive merge gameplay combined with strategic PvP battle mode. Aside from offering users entertainment and earnings, we aim to stimulate their curiosity and discovery passion with collections of in-game NFT characters and assets.
With the vision of bringing 3D, AR, and VR technology into the world of Blockchain gaming, MetaMerge expects to establish a deeper foundation in the GameFi community and connect the bridge between physical and virtual societies.
About IQ Protocol
IQ Protocol is a decentralized money market for digital asset renting and on-chain subscriptions. The following money lego allows users to rent wrapped expirable versions of digital assets without collateral for their utility while allowing holders to earn by providing liquidity without risk.
⏩ SOURCE
