UNITBOX, a new Web3 economic platform, allows NFT holders to benefit from idle holdings
NFT’s Euphoria is gaining momentum again, but in-game non-fungibility remains an illiquid asset. UNITBOX, a complex ecosystem of solutions for different use cases, focuses on changing the story in this area.
The new Rent-to-Earn instrument can benefit from crypto holders borrowing assets: what is UNITBOX?
According to the announcement shared by Unit box Teams, Platforms are a pioneer in the “Rent-to-Earn” concept for all owners of non-fungible tokens.
We have long worked hard on our flagship product, the first Rent2Earn unsecured leasing protocol. Most of the technical implementations are ready and we will soon launch a marketing campaign. ⬇️ Following the thread ⬇️ pic.twitter.com/haEGKLvtbS
— UNITBOX HUB (@unitbox_io) June 7, 2022
Beginning in mid-2021, NFT holders will be able to lease their digital collections to prominent e-athletes and game guilds around the world. That way, NFT owners will be able to receive daily payments. As such, UNITBOX was one of the first protocols to introduce passive revenue to the NFT community.
This opportunity is made possible thanks to “wrapped NFTs” or wNFTs. This is a technical way to transfer and rent assets between users at any time for a very small fee.
Wrapped NFTs allow owners to cancel their assets at any time. Therefore, all lending opportunities are more flexible and easier than ever.
This technology is recognized by many blockchain teams, including the heavyweight Polygon (MATIC), Rarible (RARI), and NEAR Protocol (NEAR). He also ranked in the Top 3 in Binance Hackathon.
UNIT staking will be operational prior to the launch of the protocol and the release of the native NFT rental marketplace.
The tokenomic design of UNITBOX is supported by UNIT, the core native cryptocurrency. UNIT is a betable token. Its owner can lock it to share 15% of the platform’s payments.
At the time of the press, the project has partnered with over 50,000 NFT investors, 10 game guilds and 300,000 players. The protocol considers the transition of governance to a DAO model.
By the end of the second quarter of 2022, the platform will polish the UX / UI of the main website, release a rental protocol and organize a UNIT two-phase token sale.
By the end of this year, the platform is set to go live and UNIT tokens are in the process of being listed by top tier CEX and DEX on various blockchains.