With the advent of NFTs and the rise of Play-to-Earn models, blockchain gaming is slowly, but surely, transforming the gaming industry. One major aspect that is already beginning to change are the stakes involved in the competition. And, as the competition grows, so too do the number of gaming guilds, clans of players who band together, providing a platform of support for their joint endeavors.
In order to provide members with easy access to the guild’s resources, however, they will need a platform to exchange assets and to share in the group’s revenue. Yet, creating this sort of platform involves innovative technology all its own. With IQ Protocol, guilds have to look no further for an asset-sharing marketplace solution. Our platform is uniquely positioned to offer an easy solution to gamers guilds! Indeed, one of the most anticipated aspects of our platform is the NFT marketplace, which allows users to lend and rent their digital assets.
Today, IQ Protocol is proud to welcome All Starz into our ecosystem!
All Starz
All Starz is a gaming guild on the Solana blockchain, offering their members wallets, contracts, and integrations that will provide benefits for all games on Solana. At the core of their guild are NFTs, which gives members a say within the organization. Besides entitling holders to a portion of the guild’s yield, the NFTs will provide the right to vote on which games to invest in, which assets to buy, and which games to play.
In-game asset renting will play a major role in how the organization generates income. Most web3 games include NFTs within their games. Yet, for avid gamers, it is impossible to use all of one’s assets all the time. All Starz understands this well, and has a vision of creating a rental system within every Play-to-Earn game that their guild participates in. This will also be important for their offerings of scholarships: All Starz is developing a multi-sig wallet that will allow them create accounts for members, as well as provide them the assets and starting capital, getting them started right!
IQ Protocol + All Starz
IQ Protocol will provide the structure for NFT renting for the All Starz guild. By using our platform they will be streamlining the process of lending and renting in-game NFT assets.
When it comes to NFTs, IQ Protocol offers a host of innovative features that will transform digital-asset marketplaces, from risk-free and collateral-less renting, to cross-chain and multi-purpose renting, and more!
Risk free, you say?
Importantly, the NFT marketplace on IQ Protocol is risk-free. Typical modes of lending an asset puts the lender at risk, say, if the borrower loses hold of the asset (for whatever reason). With IQ Protocol, such risks are not a concern. Instead of giving the original asset to the borrower, IQ Protocol mints an expirable version of the NFT (which contains all of the unique features of the original). This NFT is then given to the borrower. This guarantees that the original NFT is always safe and can be returned to the owner after the agreed-upon rental contract has expired. Now, players can rest easy renting out the items that they aren’t currently using, providing the guild with a frictionless way of pooling their assets.
We are excited that All Starz will be using our platform, and we look forward to working with them in the future!
About All Starz
All Starz is an exclusive revenue-sharing gaming organization that will rent out in-game assets and pay out its holders. Led by four devs and avid gamers, we aim to be the top Solana based gaming organization. Having a wide range of assets across different titles will help us provide yield to our holders and expand our guild faster than others.
About IQ Protocol
IQ Protocol is a decentralized money market for digital asset renting and on-chain subscriptions. The next money lego that allows users to rent wrapped expirable versions of digital assets without collateral for their utility, while allowing holders to earn by providing liquidity without risk.
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