Unlockd and NFTXStreet New Partnership

Published on: 01.12.2022
Unlockd and NFTXStreet New Partnership

Unlockd is pleased to announce its new partnership with NFTXStreet, a web3 community-based earning service provider.

NFT X-Street is a community of like-minded web3 enthusiasts collaborating to educate each other about the present and future of the blockchain space and its adjacent technology, the metaverse.

Their current offer is testing blockchain-based applications, project marketing, web3 training, and scholarships. They are active in games like Axie Infinity or Valorant and plan to enter more P2P games like Thetan Arena, Big Time, or Gods Unchained, among others.

NFT X-Street is proud to have its existing academics as a key part of the project. They provide them with opportunities to earn and learn on web3 and play P2E games.

Unlockd will give NFT X-Street users access to additional capital while maintaining ownership of their NFTs. This will allow them to benefit from additional yield opportunities, diversify their crypto portfolio, buy more NFTs, and expand their P2E resources.

With this partnership, they aim to involve both communities in as many projects as possible, expose themselves to different user requirements, and share their experiences and learnings to design the right tools to drive liquidity in the GameFi industry.

The popularity of P2P gaming started during the pandemic, and two years later, it is still growing exponentially. Despite the market downturn and overall declining earnings, many gamers continue to generate recurring revenue while playing on mobile or PC.

However, there are a large number of players, especially in developing countries, who may not be able to afford that seed capital to start playing.

Many of these games, including Axie Infinity, require owning certain characters or in-game assets to start with, and sometimes they aren’t cheap. This is where guilds like NFTx Street come into play.

NFT X-Street makes it a priority toimprove the experience and knowledge of its community. The best way to speed this up is to start accumulating projects and experiment and use protocols that benefit the guild’s economy.

In Unlockd, lenders deposit their assets in pools to receive yield in exchange for their liquidity contribution. This is a Peer-To-Pool model that is more efficient and fairer than others. They have designed a robust liquidation process to minimize settlement friction, with multiple independent liquidation options always to choose the optimal route that provides the best outcome for protocol users.

NFT loans greatly lower the barrier of entry to P2E gaming for all players. It also provides a fair opportunity to participate in the guild economy by making NFT assets more accessible to everyone. Ultimately, it creates a win-win scenario for both the players who are renting the NFTs and the guilds.

They are thrilled to start this partnership with NFT X-Street, which will help them continue to grow in a buoyant market like P2P gaming — while offering access to optimized lending in the NFT world.

About Unlockd

Unlockd is the decentralized cross-chain protocol that provides democratized NFT liquidity and utility for Gaming, Art, Metaverse, and DeFi digital assets.

Unlockd provides instant NFT-backed loans and enables seamless cross-chain borrowing and lending. With Unlockd, borrowers can maximize the return on their NFTs keeping the utility of their collateral, and lenders can earn high yields providing liquidity to our pools.

Website | Twitter

About NFT X-Street

NFT X-Street is a like-minded community of web3 enthusiasts, collaborating to educate each other about the present and future of the blockchain space and its adjacent technology, the metaverse.

Their current offering is testing blockchain-based applications, project marketing, web3training and scholarships. They are active in games like Axie Infinity and plan to enter more P2E games like Thetan Arena, Big Time or Gods Unchained among others.

 Discord | Twitter

 

SOURCE: MEDIUM

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