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CRYPTO NEWS & DATA SPACE

IQ Protocol Welcomes The Red Village

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IQ Protocol is excited to welcome The Red Village into its ecosystem! The Red Village is a 3D dark-fantasy game built on the Polygon blockchain, which has recently closed an impressive $6.5M fundraising round.

The Red Village has two game modes. First, there is a multiplayer Tournament mode — which invites players to battle one another in a variety of different locations. And a soon to be released ‘To-the-Death’ mode. Which will allow players to battle each other, with the winner keeping their opponent’s NFT. Each style of fight has its own unique rewards and risks. The Red Village team also runs ‘juiced’ Tournaments, where they ‘top-up’ the winnings for players. This mode of play is currently live, and is playable in beta: click here to begin playing!

On the other hand, there is also an open-world RPG known as The Red Village: Darklands. Still in development (by Animoca Brands’ subsidiary Blowfish Studios). The Darklands is an immersive, dark-fantasy RPG expansion. Which draws inspiration from traditional titles such as RuneScape, Diablo, Skyrim, Elden Ring, and The Witcher.

Futhermore, The main playable characters — Champions — in The Red Village take the form of NFTs. Champions come in a variety of types (Genesis, Mystic, Warlord, and Lionheart). And in a variety of classes (wizard, paladin, barbarian, ranger, and druid). Each category and class involves different skills and abilities, which can all be level-up by winning Tournaments and progressing in the game. The stronger your character and your items, the more valuable your NFTs become! And, in the future, a breeding protocol known as Summoning will allow players to bring together the blood of strong Champions to create even stronger ones.

IQ Protocol + The Red Village

IQ Protocol has signed a Memorandum of Understanding to power the NFT rental marketplace in The Red Village. A core feature of IQ Protocol’s platform is the ability to create wrapped, expirable versions of digital assets, which can be used as the basis for a variety of solutions. Among these uses is the ability to lend and rent NFTs in a risk-free way.

Players of the Red Village will be able to do more than simply trade or sell their collections of Champions. Now, they will be able to retain their assets and make passive income while allowing other players to gain their unique benefits. Players will be able to rent out any of their Champions. Providing a fantastic opportunity for them to maximize ROI from a large Barracks (collection of Champions) and utilize under-fought Champions. It will also create a great opportunity for people to rent their legendary Champions, with phenomenal win-rates, to others in the community. In the RPG, which is currently under development, there will likely be a vast array of items that players will be able to rent out to others, greatly increasing the scope of IQ Protocol’s service.

IQ Protocol provides the infrastructure for one player to rent out their NFTs to other players for a pre-arranged amount of time and for an agreed-upon price, benefiting both parties involved. Where stakers and lenders gain interest or income on their assets, renters gain access to whatever utility the asset represents, thereby bringing to life the use cases the assets empower.

How does that NFT renting model work?

IQ Protocol’s model for NFT lending and borrowing is built to be risk-free. Typical modes of lending an asset puts the lender at risk, say, if the borrower loses hold of the asset (for whatever reason). With IQ Protocol, such risks are not a concern. Instead of giving the original asset to the borrower, IQ Protocol mints an expirable version of the NFT. This NFT is then given to the borrower. IQ platform guarantees that the original NFT is always safe and can be returned to the owner after the agreed-upon rental contract has expired. Now, players can rest easy renting out the items that they aren’t currently using, providing a source of passive income without having to sell their favorite assets.

About TheRed Village

The Red Village launched a playable 3D dark-fantasy blockchain game in March, 2022. On the back of two sold-out NFT sales in November and January. Having traded over 3,000 ETH on secondary markets and with a thriving and active community. The Red Village has been the success story of blockchain gaming in 2022. Pioneering the shift from P2E to Play-and-Earn, and showing that it is possible to both have fun and earn at the same time in a good ecosystem. The Red Village shows combining a good community with good gameplay and a strong concept is a recipe for success. The game is based thematically on dark-fantasy titles such as Diablo, Elden Ring, The Witcher, and, of course, Runescape.

Website | Twitter

About IQ Protocol

IQ Protocol is a blockchain project providing a decentralized money market for digital asset renting and on-chain subscriptions. The next money lego that allows users to rent wrapped expirable versions of digital assets without collateral. Also allowing holders to earn by providing liquidity without risk.

Website |  Twitter

SOURCE:
https://blog.iq.space/iq-protocol-welcomes-the-red-village-ef489f0c3fb3

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