With the total value in GameFi crossing $28 billion, game development giants such as Electronic Arts and Ubisoft are exploring the play-to-earn (P2E) space. Originally considered only as entertainment, today gaming has turned into a means of making substantial profits.
It is now clear that the NFT rental system will become one of the main tools in the GameFi and DeFi industry. Nevertheless, the nascent industry still lacks an aggregator that connects members of the GameFi ecosystem, gives brands a better idea of consumer intent, lowers barriers to entry, and creates greater trust in the space. , nor tools that allow NFTs to be monetized. Benefit.
UNITBOX DAO is the first custody-free NFT rental and leasing protocol, as well as the first use case of wrapped NFT (wNFT) technology. It leverages DeFi mechanics to mobilize millions of crypto investors, tenants (guilds, scholars), and players to give them access to its one-of-a-kind rent-to-earn model.
Features and Products
Launched in Q3 2021 in Dubai by Anton Link, UNITBOX offers collateral-free rental and leasing for NFTs. Through the protocol, users can buy, sell, rent and lease non-fungible tokens in the local market, while games and other projects (such as Marketplaces) can use it to integrate the rental service into their systems.
The platform allows NFT owners to lease their non-fungible assets, while payments are automatically distributed on a daily basis through blockchain mechanics. The investor can at any time recall his irreplaceable items and get his investment back.
The rental system is powered by technical know-how created by the co-founders of UNITBOX, which won top-3 at the Binance Hackathon and received grants from Rarible, Polygon, and NEAR Protocol. The irrevocable rent is wrapped in WNFT for the period and returned to the original NFT as one of the participants recalls the transaction. All work is done through a smart contract.
Unitbox brings in trust by guaranteeing the credibility of any deal. All transactions within the system are completely transparent, while investments and payments are also distributed through a DAO-ruled mechanics. This approach helps to effectively address the trust issue and provides a new investment product with an understandable and transparent business model to benefit the entire industry.
Who Can Benefit From Using Unitbox
Unitbox aims to bring value to four groups of people: guilds, scholars, gamers and investors, providing new investment possibilities in the GameFi and DeFi markets.
UNITBOX empowers transparent investing in P2E while lowering the entry barrier, so crypto investors can start earning on rents and bets right away. For Guilds, the platform offers advanced Guild management tools and infrastructure, along with NFT asset rental and delegation in its DAO ecosystem.
Unitbox scholars can enjoy jobs and seamless profit-tracking through various Earning, Ambassador, and AirDrop programs and other tools. On top of this, both Guilds and Scholars get access to an extensive gamer database, as well as liquidity-boosting tools to increase revenue.
GameFi players, in their turn, don’t need to buy expensive NFT items to earn money in the game: they can start earning by renting non-fungibles, sharing profits and getting a chance to become a scholar Huh. The platform enables a plethora of useful features and dashboards for all users to ease decision making and governance processes.
Stacking is the main utility function of the original $UNIT token. A percentage of the profits of investors and tenants – 7.5% of the success fee – will go to the project treasury, which will be distributed proportionately among the stakeholders.
This model creates an incentive for the organic growth of the token rate as well as the cycle of dependence on the market’s customers. The market mechanism will support the price of the token and determine the price level for $UNIT. Therefore, with the development of the GameFi industry, the number of UNITBOX users will increase – and so will the rate of native tokens.
Teams, Expertise and Partners
Led by CEO and founder Anton Link, the project team consists of Tier-1 professionals with leading crypto, investment banking and technical backgrounds. They all have in-depth experience working on DeFi projects.
To date, the ecosystem has partnered with over 10 guilds, 50,000 investors, and 300,000 scholars and researchers. Eventually, by the end of 2022, UNITBOX aims to add over 300 guilds, 100,000+ investors, and half a million traders.
UNITBOX started 2022 by rolling out a protocol prototype, developing and testing Economy Logic, hiring a key and opening a strategic financing round.
In Q2, the team plans to end development of the UI/UX frontend, launch a local rental marketplace, open Alpha-Build Early Access for $UNIT holders, and hold private and public sale rounds for tokens.
The third quarter will see NFT oracle integration, code freeze and security audits as well as listing of $ units on Tier-1 exchanges. And finally, the launch of the UNITBOX DAO protocol, the completion of the staking vault, wNFT rentals for B2B and the launch of the governance mechanism are planned for Q4.