Meet the Unsecured NFT Lease and First Lease-Win Tool

With GameFi’s total value exceeding $28 billion, game development giants such as Electronic Arts and Ubisoft are exploring the Play-Win-P2E space. The game, which was perceived only as entertainment at the beginning, has turned into an important profit making tool today.

It is now clear that NFT rental systems will be one of the main tools of the GameFi and DeFi industry. However, the emerging industry lacks an aggregator or tools to enable NFTs to monetize, to connect members of the GameFi ecosystem, give brands a better sense of consumer intent, lower barriers to entry, and create more trust in the space. snow.

UNITBOX DAO is the first non-custodial NFT lease and lease protocol, as well as the first use case of packaged NFT (wNFT) technology. It leverages DeFi mechanics to provide access to a one-of-a-kind Rent and Earn model, bringing together millions of crypto investors, tenants (guilds, academics) and players.

Features and products

Launched in Dubai by Anton Link in Q3 2021, UNITBOX offers unsecured rental and leasing for NFTs. Through the protocol, users can buy, sell, rent and lease tokens that are not tradable in the local market, while games and other projects (e.g. marketplaces) can use the rental service to integrate them into their systems.

The platform allows NFT holders to lease their non-tradable assets while payments are automatically distributed daily via blockchain mechanics. The investor can call back his unsecured assets at any time and get his investment back.

The rental system is powered by the know-how wNFT technology created by the UNITBOX Co-Founders who won the top 3 in a Binance hackathon and received grants from Rarible, Polygon and NEAR Protocol. The literal wraps to wNFT for the duration of the lease, and wraps back to the original NFT when one of the participants calls the deal back. All actions are performed by a smart contract.

UNITBOX brings trust by guaranteeing the credibility of any deal. All transactions in the system are completely transparent, while investments and payments are also distributed through mechanics managed by the DAO. This approach helps solve the trust issue effectively and offers a new investment product with a clear and transparent business model that the entire industry can benefit from.

Who can benefit from the use of UNITBOX?

UNITBOX aims to add value to four groups: guilds, academics, players and investors by offering new investment opportunities in the GameFi and Defi markets.

UNITBOX empowers transparent investing in P2E while lowering the barrier to entry, so crypto traders can start earning on rent and betting instantly. For guilds, the platform offers advanced guild management tools and infrastructure, as well as NFT asset leasing and delegation in the DAO ecosystem.

Scholars at UNITBOX can enjoy business and intuitive profit tracking through a variety of earnings, ambassador and airdrop programs and other tools. On top of that, both guilds and academics get access to an extensive database of players as well as liquidity boosting tools to increase revenues.

GameFi players, on the other hand, no longer have to buy expensive NFT objects to make money in games: they can start earning by renting the intangibles they need, share the profits and get a chance to become academics. The platform provides numerous useful features and dashboards for all users to facilitate decision making and governance processes.

economy

Staking is the main utility function of the native $UNIT token. A percentage of the profits of investors and tenants – 7.5% of the success fee – will go to the project treasury to be distributed proportionally among the shareholders.

This model creates an incentive for organic growth of the token rate as well as a cycle of dependency on marketplace customers. Market mechanisms will support the price of the coin and set a floor price for $UNIT. Therefore, with the growth of the GameFi industry, the number of UNITBOX users will increase, and so will the proportion of the local token.

Team, expertise and partners

Led by CEO and Founder Anton Link, the project team includes tier 1 professionals with prominent crypto, investment banking and technology backgrounds. All of them have experience working in depth on DeFi projects.

To date, the ecosystem has partnered with more than 10 Guilds, 50,000 investors and 300,000 academics and researchers. Finally, by the end of 2022, UNITBOX aims to connect more than 300 guilds, over 100,000 investors and half a million traders.

future milestones

UNITBOX kicked off 2022 by presenting the protocol prototype, developing and testing the economics logic, executing key hiring and launching a strategic funding round.

In Q2, the team plans to complete the development of the UI/UX frontend, launch the local rental market, open alpha generation early access for $UNIT holders, and hold private and public sales rounds for the token.

Q3 will see NFT oracle integrations, code freeze and security checks as well as $UNIT listing on layer 1 changes. Finally, the launch of UNITBOX DAO protocol, completion of staking vaults, wNFT leases for B2B and launch of governance mechanisms are scheduled for Q4.

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