Electronic Arts and Ubisoft, two of the world’s largest game developers, are looking into the Play-To-Earn space. GameFi has a total value exceeding $28 billion. Gaming used to be viewed solely as entertainment. But today, gaming is now a viable business model.
It’s now evident that the NFT rental systems will become one of the core instruments of the GameFi and DeFi industry. Yet, the nascent industry still lacks an aggregator that would connect members of the GameFi ecosystem, give brands a better idea of consumers’ intent, lower entry barriers, and create more trust in the space, nor tools that would allow monetizing NFTs to make a profit.
UNITBOX DAO, the first NFT leasing and renting protocol that is custody-free, also features the first application of wrapped NFT technology (wNFT). DeFi mechanics are used to combine millions of cryptocurrency investors, renters (guilds and scholars), as well as players to give them access to the unique Rent-to-Earn system.
Product features
UNITBOX, launched by Anton Link in Dubai’s Q3 2021, offers non-collateral leasing and renting for NFTs. Users can sell, buy, rent and lease tokens that are not fungible on the native marketplace. Meanwhile, games and other projects such as. It can be used by marketplaces to incorporate the rental service in their systems.
NFT owners are able to rent their non-fungible assets via the platform. The payouts will be distributed on a daily basis using blockchain mechanics. Investors can return their investment and call back non-fungibles anytime.
UNITBOX Co founders developed the technology wNFT, winning top 3 at Binance Hackathon. The team also received grants from Rarible. Polygon. And NEAR Protocol. For the rental period, the non-fungible is wrapped in wNFT and then unwrapped into its original NFT when one participant calls it back. Every action is performed through a smart agreement.
UNITBOX creates trust and guarantees the integrity of every deal. Transparency is guaranteed for all transactions. Investments and payments are distributed through DAO-governed mechanism. This solution solves the trust problem and offers a transparent and understandable investment product for all.
UNITBOX is a benefit to all parties
UNITBOX aims at bringing value to four different groups: scholars, gamers and guilds. It also offers new investment opportunities in the GameFi or Defi markets.
UNITBOX enables transparent investment into P2E and lowers the entry barrier. This allows crypto investors to start making instant rent or stake income. For guilds, the platform offers NFT assets rentals & delegation in its DAO ecosystem, well as advanced guild management tools and infrastructure.
Scholars on UNITBOX can enjoy jobs and intuitive profit-tracking through various earning, ambassador, and airdrop programs & other tools. Guilds as well scholars have full access to the gamer data, liquidity-raising instruments, and other tools that can be used to raise revenues.
GameFi members no longer have to buy expensive NFT items to make money playing games. They can rent out the non-fungibles that they require, and share in the profits. All users can access a variety of useful features and dashboards that will help them make better decisions and improve their governance.
Economy
The main function of native $UNIT token is to stake. 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 stakers.
The model encourages the growth of the token price organically, and creates a dependency cycle on marketplace customers. Market mechanisms will help to support the price and establish a $UNIT price ceiling. Therefore, with the growth of the GameFi industry, the number of UNITBOX users will increase – and so will the rate of the native token.
Partner, knowledge, and team
The project’s team, led by CEO and Founder Anton Link, includes tier-1 professionals with leading crypto, investment banking, and tech backgrounds. Each of them has extensive DeFi experience.
Up to date, UNITBOX has collaborated with over 10 guilds, 50,000 angel investors and 300,000 researchers and scholars. UNITBOX plans to link more than 300 guilds by 2022. It also hopes that 100,000 investors and half a million traders will be connected before then.
Future milestones
UNITBOX launched 2022 with the development and testing of economy logic and key hires.
The team expects to complete the development of the UI/UX frontend in Q2, launch the native rental market, offer early alpha access to $UNIT holders and conduct private and public rounds for token sales.
NFT oracle Integrations, code freeze and security audits are all part of Q3. $UNIT also will be listed on tier-1 Exchanges. The launch of UNITBOX DAO Protocol, completion of the staking vaults and wNFT rentals to B2B are all planned for Q4.