Overview of UNITBOX

UNITBOX Protocol is offering maximum rewards through NFT rental. Most decentralized games require in-game NFTs and other assets for participation. We thought it would be fair to allow players to earn the same rewards using rented NFTs.

The Problems of NFT Rental

NFT rental in most P2E games requires a substantial initial investment. Owners of NFTs do not often possess the skills or have as much time to master and excel at DeFi games. Even though owners wish, there is no investment tool that lets them easily rent out their priced NFTs.

Added to this is the problem of volatility, and as we know, being in its infancy, the cryptocurrency market is a bit beyond volatile. The NFTs lent out lose value over time, and the predefined fees paid by players and NFT owners reduce GameFi platforms to honeypots.

The UNITBOX Protocol Solution

They present an NFT rental solution based on the revenue sharing model. UNITBOX Protocol is a decentralized opportunities aggregator for players and an investment tool for NFT owners. Making NFT allows NFT owners to do whatever they like with the asset they own while removing all barriers to entry. With the influx of players sponsored as scholars with borrowed NFTs, the number of players will grow exponentially. Following a revenue-sharing model, the protocol distributes profits between the NFT owners and the players (players). Guilds can track and manage players using a unique set of tools offered on the dashboard. A new use case of wNFT powered by smart contracts also lets owners call back their NFTs if they determine that the payer is less profitable. NFT owners can also maximize their returns by selecting true players who constantly turn in profits.

The UNITBOX Platform

Their multisided platform comprises scholars, guilds, and owners. Rather than focusing on owners only, UNITBOX Protocol creates a win-win solution for all parties using a cluster of decentralized gaming innovations.

Scholars

Talented players can become scholars by renting gaming NFTs for free on UNITBOX protocol. You also keep all you earn while playing P2E games. So tighten up your belt and win more laurels.

Guilds

The Guilds bring excellent players together to manage NFTs for owners on UNITBOX protocol. Guilds found a fine line between asset owners and qualified players in the old Play-To-Earn gaming models. Additional tools will improve their efficiency on UNITBOX protocol.

NFT Owners

UNITBOX Protocol is a DeFi investment tool. Owners can afford the NFTs in Play-To-Earn games but may not be as efficient at playing the games or simply do not have all the time. Instead of leaving valuables to sit around in a wallet, they can put their asset to work and earn passively from the wins of their favorite scholars. They can also call back their NFTs in a few clicks if a scholar proves unprofitable.

Games

Existing Web 3.0 games will integrate with the UNITBOX protocol and offer NFTs for sale. With multiple income streams, the utility of in-game assets also grows exponentially, inspiring the development of better assets and higher-quality games.

Staking Opportunity

Participants will contribute equally to UNITBOX protocol. They have built the platform economics around the UNIT tokens. The exponential growth of the GameFi ecosystem due to a low barrier to entry drives token demand. They adopt a buyback mechanism to control supply and ensure sustainability. A staking mechanism allows holders to receive incentives, increasing the token’s demand. At the same time, the demand for UNIT grows exponentially along with the value of the GameFi space, pumped by newer, immersive gaming experiences.

Technology

They are the first Rent-To-Earn platform based on a revenue-sharing model. Their wNFT technology wraps NFTs in smart contracts before lending the NFT to the scholar. The same functions unwrap an NFT when the owner calls back their asset.

About UNITBOX

UNITBOX aims to bring value to four groups of people: guilds, scholars, gamers, and investors, offering new investment possibilities in the GameFi and Defi markets. UNITBOX empowers transparent investing into P2E while lowering the entry barrier, so crypto investors can start earning instantly on rent and staking.

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About Klay Guild Games

Klay Guild Games is an innovative Blockchain Game Community in Korea gathering gamers to play, learn, and share everything about blockchain games.

Website | Twitter

SOURCE

https://medium.com/@Rent2Earn/the-advantages-of-using-unitbox-1ec6b2e51039

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Klay Guild Games

Powered by Community

“KGG is a community where gamers come together to play, learn and share everything about blockchain games. They are ready to dive into the metaverse.”

KGG builds a blockchain game community that helps gamers and gaming companies on blockchain onboarding. The performance that AXIE Infinity brought great changes and shocks to the existing game industry.

Adverse effects of Rapid Market Growth

• Scam and Rugpool
• Barriers to Entry (Lack of understanding of blockchain games)
• Lack of information about the project, language barrier issues
• Frequent chages in project roadmap or critical designs

Partnership Details

Unlike other guilds, KGG operates business as an educational institution, developing training programs with a clear focus on educating gamers and helping drive blockchain adoption and security awareness.

Thanks to this approach, they have managed to add great value to the community, gathering over 20,000 members to whom they provide a variety of content such as game guide & strategy, NFT information, and review & rating.

This Unlockd x Klay Guild Games partnership provides KGG with the liquidity tools they need to transform the efficiency of their portfolio and obtain non-dilutive funding to help them achieve their ambitious goals.

These tools can be directly integrated into their processes in the future to ensure a seamless operating experience!

In addition, as part of its commitment to educating its community to help them get on the right track, KGG will help us convey the value of NFT liquidity to its members — opening the door for its scholars and users to discover Unlockd’s NFT-backed loans.

“Unlockd is an interesting project that allows users to take full advantage of NFTs they may have overlooked. It is a disruptive technology to the NFT ecosystem, and will open more opportunities for gamers to utilize their assets.”

— Cider Kang, Co-Founder of Klay Guild Games

Better liquidity = better ecosystem

Their joint vision is to allow education on blockchain games to happen at the community level, allowing Web3 gaming studios to focus on development and make better games. This is what the market needs now and what will drive mass adoption in the future.

One of the most exciting aspects of KGG is the way they have been incubating projects entering the blockchain ecosystem. Thanks to KGG’s network and experience incubating projects, they will be able to know first-hand what the predominant needs of emerging projects are — and provide them with the necessary NFT liquidity to solve them.

In addition, Unlockd NFT-backed solutions will help the Klay Guild Games team to collateralize a large part of their NFT portfolio through instant loans. This will allow them to unlock non-dilutive funding, essential to exponentially scale their operations and investments in a sustainable way.

With Unlockd, guilds, scholars and projects have a new tool at their fingertips that allows them to leverage the full value of the assets they already own, and use the additional liquidity to position themselves as leaders in the blockchain gaming economy.

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