IQ Protocol is excited to welcome Farcana into our ecosystem!
Farcana
Farcana is an exciting new battle royale game being built on BNB Smart Chain. Set on the colonized planet of Mars, players battle one another to maintain control over the energy supply allowing them to develop the planet and create a habitable environment.
Being a blockchain-based game, Farcana takes full advantage of the play-to-earn model of gaming — however, they add their own interesting twist. Farcana offers players a model of gaming they call play-to-hash. Essentially, Farcana allocates Bitcoin hash rate into the battle royale tournaments. This guarantees a Bitcoin prize pool by the mining data center, and allows players to see the pooling process of the Bitcoin on a regular basis.
There are also plenty of NFTs, taking the form of in-game assets, like weapons, skins, battle royale passes, vehicles, lands, fuel, buildings, and more!
IQ Protocol + Farcana
On the topic of NFTs, IQ Protocol will be providing the basis for the NFT rental marketplace for Farcana!
A core feature of IQ Protocol’s platform is the ability to create wrapped, expirable versions of digital assets, which can be used as the basis for a variety of solutions. Among these uses is the ability to lend and rent NFTs in a risk-free way.
Thanks to IQ Protocol, players of the Farcana will be able to do more than simply trade or sell their valuable assets that they aren’t currently using. Now, they will be able to retain their NFTs and make passive income while allowing other players to gain their unique benefits. Players will be able to rent out any of their NFts, providing a fantastic opportunity for them to maximize ROI from, for example, rare weapons or vehicles.
We said our NFT renting model was risk-free. How does that work?
IQ Protocol provides the infrastructure for one player to rent out their NFTs to other players for a pre-arranged amount of time and for an agreed-upon price, benefiting both parties involved. Where stakers and lenders gain interest or income on their assets, renters gain access to whatever utility the asset represents, thereby bringing to life the use cases the assets empower. Now, players can rest easy renting out the items that they aren’t currently using, providing a source of passive income without having to sell their favorite assets.
About Farcana
Farcana is a shooter game with a battle royale mode, where the players will seek to start a new life on terraformed Mars and earn Infilium — the most powerful resource in the Galaxy to create disruptive technologies and mine Bitcoin with extra speed.
Farcana is backed by the patented deflation Play-to-Hash economic model based on real Bitcoin mining power. It connects the Web2 gaming quality with the Web3 economy and technologies. There are daily, monthly and yearly battle royale tournaments where players fight for Bitcoin.
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About IQ Protocol
IQ Protocol is a blockchain project providing 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, while allowing holders to earn by providing liquidity without risk.
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