Hardly anybody wants to find themselves in the middle of a dangerous car racing situation or combat scenario in their daily life. So, it comes as no surprise that racing and shooter video games regularly top the charts — we’d rather enjoy these experiences from the couch!
It’s probably even less of a surprise that combining these two genres would be a match made in heaven. From Road Rage to Twisted Metal and Mario Kart, combat racing games have been a staple of video game lineups. Add in an animal that is universally loved…
IQ Protocol is happy to welcome Penguin Karts into our ecosystem!
Penguin Karts
Built on the Fantom blockchain, Penguin Karts is a play-to-earn combat racing game in which players battle it out in an online, multiplayer world of upwards of 20 adventurous tracks. Being a blockchain game, Penguin Karts involves elements of play-to-earn and NFTgaming, offering players rewards for participating in races, tournaments and other activities. The more you win, the more you earn!
Consisting of up to ten racers, competitions can get fierce. In-game power-up items, weapons, and upgradeable characters — and everything we have come to expect from combat racing games — will have to be used to your advantage if you want to cross the finish line first and be crowned the winner.
At the center of the Penguin Kart is the $PGK token, which is used to reward players for their participation for racing (and even more for winning!), staking, and as the basis of transactions in their NFT Marketplace.
IQ Protocol + Penguin Karts
Penguin Karts is full of NFTs, which works out well because IQ Protocol is transforming the way digital assets can be used! Still in the pre-launch stages, Penguin Karts is currently exploring the full extent of how they can utilize our platform. But a key feature of IQ Protocol is our offering the ability to lend or borrow NFTs without collateral or risk, but also makes possible things like cross-chain renting and multi-purpose renting!
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.
Risk-free, you say? How does that work?
IQ Protocol’s model for NFT lending and borrowing is built to be 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. Our platform 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 a source of passive income without having to sell their favorite assets.
We look forward to seeing you on the tracks!
About Penguin Karts
Penguin Karts is a battle racing game, where drivers race against each other and compete for prizes and in-game swag. The platform will feature a secondary marketplace where players can buy and sell items they earn in-game. Penguin Karts will deploy on the Fantom ecosystem which has the most robust set of play-to-earn tools available for games.
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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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